PokerNews has realized that Cory Zeidman, a longtime poker participant, will plead responsible to his position in a $25 million sports activities betting fraud case.
The Floridian was arrested in Might 2022 and charged with conspiracy to commit wire fraud and cash laundering. He initially entered a not responsible plea in the US District Court docket Japanese District of New York.
Poker Participant to Plead Responsible
Zeidman, a 2012 World Collection of Poker (WSOP) bracelet winner, vehemently denied any wrongdoing on the time. He even advised PokerNews following his arrest that he would not take a plea deal.
“Within the phrases of (German thinker Friedrich) Nietzsche, ‘All the pieces the state says is a lie and the whole lot it has it has stolen.’ They took all my cash they usually appear upset that I will not plead to issues I have not accomplished. I’ve been suggested by my council to not get into particulars however I anxiously await my day in court docket. I’ve labored within the sports activities handicapping business for the previous 40 years beginning with ‘professor picks.’ Commerce secret — he wasn’t an actual professor. I need to thank the outpouring of constructive phrases in assist from my shut family and friends who know me finest as a person with the best degree of morals and integrity,” Zeidman mentioned in 2022.
The percentages of acquittal in federal court docket is about as excessive as hitting runner runner quads. Zeidman’s possibilities of taking his case to court docket and receiving a not responsible verdict, primarily based on conviction charges, had been slim to none. As such, he is agreed to simply accept a responsible plea.
Zeidman’s legal professionals and United States Attorneys have been in negotiations to settle the case for over a yr. A standing convention was set for Oct. 24, however that has been postponed to Nov. 22, and that convention will as a substitute be transformed to a change-of-plea listening to.
Each events have agreed in precept to the responsible plea, pending approval from the Hon. Choose Joanna Seybert. Particulars of the plea settlement, together with potential sentencing requests, usually are not publicly accessible.
Crime Particulars
Zeidman was arrested Might 25, 2022 in Florida, and his case initially acquired intensive mainstream media protection. USA In the present day, ESPN, and lots of different main information retailers picked up on the story.
He was accused by the federal government of falsely claiming to bettors to have “privileged” or inside details about numerous sporting occasions and he “falsely claimed that there was no threat related to their wages,” court docket paperwork state. Zeidman is alleged to have positioned radio adverts to “lure victims.”
In trade for the knowledge, which prosecutors say “was both fictitious or obtained from an web search,” Zeidman and his co-defendants demanded the victims pay charges and are alleged to have collected greater than $25 million in charges between 2004 and 2020. The poker professional claimed the “privileged” sports activities betting info he had meant his shoppers can be taking up no threat betting on the video games.
Zeidman has almost $700,000 in reside match cashes, in response to The Hendon Mob, most notably a WSOP bracelet win in a 2012 $1,500 Seven Card Stud Hello-Lo 8 or Higher occasion for $201,559. His final recorded money got here on Might 19, 2022 in Florida, simply days earlier than his arrest.
