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US Attorney’s Office in the East District

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Ex-NY Resident Indicted For Massive Fraud Scheme Involving Sports Betting Ex-NY Resident Indicted For Massive Fraud Scheme Involving Sports Betting
Ex-NY Resident Indicted For Massive Fraud Scheme Involving Sports Betting A former New Yorker is accused of being the mastermind of a massive sports betting fraud scheme that bilked victims out of tens of millions of dollars. Cory Zeidman, age 61, formerly of Long Island, was charged with conspiracy to commit wire fraud, mail fraud, and money laundering. He was arrested Wednesday, May 25, in Florida, according to the US Attorney’s Office in the East District. Federal prosecutors said Zeidman used national radio ads to lure sports fans into believing that they could “get in on the ground floor” of his phony sports betting organization and that it could provide i…

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by Michael Mashburn