Cory Zeidman, Poker Player Indicted For $25 Million Fraud – What Happened? - Celebrila
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Cory Zeidman, Poker Player Indicted For $25 Million Fraud – What Happened?

Cory Zeidman, Poker Player Indicted For $25 Million Fraud – What Happened?

Cory Zeidman has an estimated net worth of $7 million.

WSOP: Know Cory Zeidman Net Worth – How Rich Is He?

When Cory Zeidman wasn’t at the table, he was reportedly conducting a $25 million illicit sports betting ring.

The United States District Court for the Eastern District of New York accused Zeidman with conspiracy to commit wire fraud, mail fraud, and money laundering conspiracy in connection with a sports betting fraud enterprise he orchestrated between Long Island and Florida.

Cory Zeidman, Poker Player Indicted For $25 Million Fraud – What Happened?

According to networthpost.org, Cory Zeidman’s net worth is estimated to be around $7 million. Zeidman has four event victories and more than $690,000 in prize money.

On May 22, he set a new record cash of $1105. According to the statement, he “defrauded” his victims by encouraging them to “deposit their retirement savings in his phony sports betting firm, all so he could spend it on overseas vacations, multi-million dollar residences, and poker tournaments.”

According to actionnetwork.com, Zeidman, who was born in New York but now resides in Florida, amassed the funds through a variety of aliases and businesses.

Cory Zeidman, a professional poker player, was arrested on Wednesday on accusations of fraud and money laundering in connection with a sports betting conspiracy that allegedly garnered more than $25 million from alleged victims.

According to a two-count indictment presented by the United States District Court for the Eastern District of New York, Zeidman of Boca Raton, Florida, faces federal accusations of conspiracy to launder money from 2004 through 2020 as part of the plan.

Cory Zeidman is a 61-year-old businessman. According to a law enforcement source, he is a professional poker player who won a bracelet in the 2012 World Series of Poker.

In multiple U.S. locations, Zeidman and his associates mislead radio listeners by claiming to have a “sophisticated white-collar technique to getting sports information.”

 

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