CENTRAL ISLIP, NY — A former Nassau County resident pleaded responsible on Wednesday in connection to defrauding potential sports activities bettors in New York and Florida throughout a years-long scheme, federal prosecutors stated.
Cory Zeidman, 63, who beforehand lived in Syosset, pleaded responsible to conspiring to commit mail and wire fraud, Breon Peace, U.S. Legal professional for the Jap District, stated.
When sentenced, Zeidman faces a most sentence of 20 years in jail, in addition to forfeiture and restitution of roughly $3.6 million.
“Zeidman and his companions baited unsuspecting victims with false claims of an edge in sports activities betting solely to feed them lies and pocket thousands and thousands of {dollars},” Peace stated.
As alleged in courtroom paperwork, Zeidman helped run a corporation that positioned nationwide radio ads to lure potential bettors to retain the group for sports activities betting recommendation, prosecutors stated.
Utilizing pretend names and high-pressure gross sales ways, Zeidman and his companions falsely led the bettors to consider that their group had entry to personal info. Bettors had been usually instructed, for instance, that Zeidman’s group had entry to personal participant harm info, “soiled” referees, or that skilled sporting occasions had been “mounted” and that media executives’ shares predetermined outcomes with Zeidman’s group, the U.S. Legal professional’s workplace stated.
This info, the bettors had been instructed, made playing on sporting occasions a low or no-risk proposition. Victims had been required to pay exorbitant charges to acquire this supposedly privileged info which, unbeknownst to them, was fictitious or based mostly on the conspirators’ open-source web analysis, prosecutors stated.
Over a number of years, Zeidman and his companions reaped thousands and thousands in charges from victims.
Anybody who believes they could have been the sufferer of the crimes can contact Homeland Safety Investigations at 1-866-347-2423.
