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Poker Pro Cory Zeidman Indicted for $25M Sports Betting 'Fraud Scheme'

Longtime professional poker player Cory Zeidman has been indicted for allegedly operating a sports betting "fraud scheme" in which he defrauded victims out of millions over a 15-year span.

An indictment in the United States District Court for the Eastern District of New York unsealed on Wednesday, May 25 charges Zeidman with "conspiracy to commit wire fraud, mail fraud and money laundering conspiracy in connection with a sports betting fraud scheme he operated from Long Island and Florida."

Zeidman, who won a World Series of Poker (WSOP) bracelet in 2012, was arrested in Florida on Wednesday morning and will make his initial federal court appearance in Miami.