Department of Justice arrests former WSOP winner
The U.S. Department of Justice (DOJ) has arrested a former World Series of Poker winner on two charges of committing bank fraud, mail fraud and money laundering.
The fraud was allegedly committed in the course of sports betting, involving an amount of approximately $25 million. Research details on the website https://cricket360.bet/cricket-betting-apps/.
The man, described by the DOJ as Cory Zeidman, won a WSOP bracelet in 2012, and in the meantime was active with an advertiser on national radio that catered to people seeking advice on sports betting.
According to aggrieved consumers, this gave the impression that the organization had privileged information, and therefore they could not lose when gambling online.
The advertiser explicitly promoted "no-risk" sports betting and in order to obtain this information, users do have to pay a fee.
According to the investigation, many of the consumers still lost their savings, with the advertiser allegedly gaining $25 million in revenue.
The activities were conducted from Zeidman's homes in Long Island, Florida, where he was arrested earlier this week.
Zeidman has been summoned for a court hearing at the federal courthouse in Miami.
The World Series of Poker, often abbreviated to WSOP, is the largest poker event in the world.
Every WSOP event has a Main Event; the winner is considered the (unofficial) World Poker Champion.
In 2021, the tournament took place again in its physical form after 2 years. The 2022 edition will take place from May 31 to July 20, 2022.
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