PokerNews has learned that Cory Zeidman, a longtime poker player, will plead guilty to his role in a $25 million sports betting fraud case.
The Floridian was arrested in May 2022 and charged with conspiracy to commit wire fraud and money laundering. He initially entered a not guilty plea in the United States District Court Eastern District of New York.
Poker Player to Plead Guilty
Zeidman, a 2012 World Series of Poker (WSOP) bracelet winner, vehemently denied any wrongdoing at the time. He even told PokerNews following his arrest that he wouldn't take a plea deal.“In the words of (German philosopher Friedrich) Nietzsche, 'Everything the state says is a lie and everything it has it has stolen.' They took all my money and they seem upset that I won't plead to things I haven't done. I’ve been advised by my council to not get into details but I anxiously await my day in court. I have worked in the sports handicapping industry for the past 40 years starting with 'professor picks.' Trade secret — he wasn’t a real professor. I want to thank the outpouring of positive words in support from my close friends and family who know me best as an individual with the highest level of morals and integrity," Zeidman said in 2022.
The odds of acquittal in federal court is about as high as hitting runner runner quads. Zeidman's chances of taking his case to court and receiving a not guilty verdict, based on conviction rates, were slim to none. As such, he's agreed to accept a guilty plea.
Zeidman's lawyers and United States Attorneys have been in negotiations to settle the case for over a year. A status conference was set for Oct. 24, but that has been postponed to Nov. 22, and that conference will instead be converted to a change-of-plea hearing.
Both parties have agreed in principle to the guilty plea, pending approval from the Hon. Judge Joanna Seybert. Details of the plea agreement, including potential sentencing requests, are not publicly available.
Full article: https://www.pokernews.com/news/2024/10/poker-pro-cory-ziedman-pleads-guilty-47206.htm
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