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Add some for quick access! +Add favorites Poker pro indicted in $25M sports betting scheme 3dDavid Purdum Sources: Murray to skip Cards' OTAs this week Arizona Cardinals 5d The week in bets: Bettor goes all-in on Dallas Mavericks to make history 2dDavid Purdum Early Voting wins 147th Preakness Stakes at 5-1 6d Tiger withdraws from PGA Championship after 79 6dMark Schlabach Book: Mickelson had $40M+ in gambling losses 22d Real Madrid in UCL final after stunning comeback 23d Fantasy baseball pitcher rankings, lineup advice for Friday's MLB games 7hESPN Fantasy WNBA fantasy and betting tips for Friday 10hAndré Snellings Expert picks: Who will win the 2022 French Open? 7dESPN 2022 NFL schedule: Full list of opening betting odds for Week 1 games 15dESPN Sports Betting NFL win total predictions: Our reporters make over/under picks for all 32 teams 15dNFL Nation Looking back at four years since PASPA: Jan. 9, sports betting's almost doomsday 14dDavid Purdum NHL betting nuggets for Round 2 of the 2022 Stanley Cup playoffs 11dMackenzie Kraemer Betting guide for the 2022 Preakness Stakes 8dESPN Sports Betting NBA Eastern Conference Finals: Keys and tips for betting Celtics-Heat 11dJoe Fortenbaugh Unveiling our projections for next NFL season: Eight things you need to know Arizona Cardinals 11dSeth Walder Stanley Cup playoffs first-round betting nuggets: Kings of the road 24dMackenzie Kraemer Hockey betting 101: How to bet the 2022 Stanley Cup playoffs 26dGreg Wyshynski NHL Stanley Cup playoffs first round best bets: Will the Cup stay in Florida? 26dESPN Betting Insiders Betting tips for the 148th running of the Kentucky Derby 22dESPN Betting Insiders Odds for the 148th running of the Kentucky Derby 24dESPN.com staff The basics of betting baseball: A beginner's guide 51dDoug Kezirian 2022 World Cup draw betting tips: Can France win the title again? 56dPaul Carr Who's in charge of finding and catching cheaters in sports gambling? It's complicated. 57dPaula Lavigne From the tables to the bully pulpit: A former addict's mission to combat problem gambling 66dDavid Purdum When problem gamblers need help, this is who they call 108dRyan Hockensmith NFL bans Ridley for season for betting on games Atlanta Falcons 81dMichael Rothstein Memorial Day weekend betting guide 9hBetting Analysts WNBA fantasy and betting tips for Friday 10hAndré Snellings Fantasy baseball pitcher rankings, lineup advice for Friday's MLB games 1dESPN Fantasy Betting tips for Eastern Conference finals: Heat-Celtics Game 6 19hESPN Fantasy and Betting Analysts UEFA Champions League final: Betting tips for Real Madrid vs. Liverpool 2dPaul Carr Fantasy baseball pitcher rankings, lineup advice for Thursday's MLB games 2dESPN Fantasy Betting tips for Western Conference finals: Mavericks-Warriors Game 5 2dESPN Fantasy and Betting Analysts WNBA fantasy and betting tips for Thursday 1dESPN Fantasy and Betting Analysts The week in bets: Bettor goes all-in on Dallas Mavericks to make history 2dDavid Purdum Poker pro indicted in $25M sports betting scheme 3dDavid Purdum WNBA fantasy and betting tips for Wednesday 2dESPN Fantasy and Betting Analysts CORY ZEIDMAN, FORMER WSOP BRACELET WINNER, ARRESTED ON CHARGES OF FRAUD, MONEY LAUNDERING RELATED TO $25 MILLION SPORTS BETTING SCHEME * Facebook * Twitter * Facebook Messenger * * Email May 25, 2022 * David PurdumESPN Staff Writer Close * Joined ESPN in 2014 * Journalist covering gambling industry since 2008 Follow on Twitter * * Facebook * Twitter * Facebook Messenger * Pinterest * Email * print A professional poker player was arrested Wednesday on charges of fraud and money laundering related to a sports betting scheme that brought in more than $25 million from alleged victims. Cory Zeidman, of Boca Raton, Florida, faces federal charges of conspiracy to commit wire fraud and mail fraud, and conspiracy to commit money laundering as part of the scheme that spanned from 2004 to 2020, according to a two-count indictment out of the United States District Court for the Eastern District of New York. A law enforcement source confirmed to ESPN that Zeidman, 61, is a professional poker player who won a bracelet at the 2012 World Series of Poker. According to the federal indictment unsealed Wednesday, Zeidman and his unnamed co-conspirators received more than $25 million in interstate wire transfers and private commercial carriers over 16 years from victims who were led to believe that the organization had privileged information that made betting on sporting events a no-risk proposition. As part of the scheme, Zeidman and his co-conspirators placed misleading radio ads in various U.S. markets, claiming to have a "sophisticated white-collar approach to gathering sports information." When listeners contacted the service, which used names like "Gordon Howard Global" and "Ray Palmer Group," they were told the organization had privileged information about fixed games that it received from physicians at colleges and television executives, according to the indictment. Callers were asked to pay a fee for access to the information. "As alleged, Zeidman preyed on individuals who were led to believe he had inside information that would lead them to easy money," Homeland Security Investigations New York acting special agent in charge Ricky J. Patel said in a release announcing the arrest. "In reality, he was selling nothing but lies and misinformation -- bilking millions from victims along the way, leaving their lives in financial ruin and their bank accounts empty." United States Attorney Breon Peace said in the statement that Zeidman "defrauded" his victims and persuaded them to "drain their retirement accounts to invest in his bogus sports betting group, all so he could spend it on international vacations, a multi-million dollar residence and poker tournaments." * Facebook * Twitter * Facebook Messenger * * Email * Terms of Use * Privacy Policy * Interest-Based Ads * EU Privacy Rights * Cookie Policy * Manage Privacy Preferences © ESPN Enterprises, Inc. All rights reserved. We use cookies and various web tracking technologies to personalize content and ads, to provide social media features, and to analyse our traffic. We also share information about your use of our site with our social media, advertising, and analytics partners. You may read more about any of the purposes or vendors that we use by clicking ‘Show Purposes’ and exercise your right to consent or object to the processing of your personal data on the basis of legitimate interest. 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