Who Is Cory Zeidman: Life, Net Worth, And $25M Sports Betting Scheme

Date:2023-05-31 Category: biography
Cory Zeidman

Former WSOP bracelet winner, Cory Zeidman is one of the most mysterious and controversial faces in the world of professional poker. He has been a pro poker player for a long time. But behind the scenes, when not busy with cards, he was reportedly busy running an illegal sports betting ring which finally led to his indictment and arrest. Although not much information is available about his personal life, we will take a sneak peek at Cory Zeidman’s life and reveal some info about his legal charges.

What Do We Know About Cory Zeidman’s Childhood, Education, And Background?

Pretty much nothing! Zeidman has a pretty private life and dislikes sharing stuff on social media. He is not among those poker players who enjoy being in the spotlight. Cory does not even like to do interviews! Yet, we know he was born 62 years ago in a middle-class family in the United States. As far as his educational background, there is no record of him attending university or college. But as far as sources have confirmed, Cory finished schooling in his hometown, Sarasota.

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Is Cory Zeidman Married?

Well, even if he is, he doesn’t want to show us who her wife is! Once he is asked about his wife, he makes an annoying poker face indicating it’s not of our business to ask about his wife! So, he is either married and wants to keep it private and quiet, or he is still enjoying his bachelor life at the age of 62! Either way, we don’t know much about his relationships.

 

Poker Is All We Know About Zeidman: Cory’s Poker Life And Achievements

Zeidman has a lengthy history in poker that dates back to 1997. But he has a limited number of achievements compared to other pro players like Erik Seidel. His first main achievement was in 1997 when he finished 8th in a $1,500 buy-in Seven-Card Stud Poker event at the World Series Of Poker for $8,481.

 

Cory Zeidman is a stud poker specialist! In 2004, he finished 5th in the WSOP $5,000 buy-in Seven Card Stud World Championship and grabbed an $8,481 pot. His poker life highlight is in WSOP 2012 Seven-Card Stud Hi-Low Eight-or-Better event, where he won his first and last(to date) WSOP bracelet and earned $201,559.

 

Apart from his anonymous plays, Zeidman played in various poker live streams in front of cameras. One of his memorable performances was in WSOP 2005 where his straight flush won against Jen Harman’s full house.

Cory Zeidman Poker Profile
WSOP Bracelets 1
WSOP Cashes 17
WSOP Final Tables 5
WSOP Total Winnings $384,586
Total Live Earnings $692,246
Total Cashes 42
Best Live Cash $201,559
All Time Money List(2023 Rank) 4,019th
US All Time Money List(2023 Rank) 2,038th
Global Poker Index Ranking- 2023 99,164th
WPT Bracelets and cashes None
European Poker Tour Winnings& Final Tables None
Popularity Ranking 805
Recent winning May 22, ’22, winnings: $1,105

Cory Zeidman has been absent from professional poker competitions after his last appearance in 2022 SHR Deep Stack Poker Series, where he finished 55 and won $1,105.

 

What Happened To Cory Zeidman: Zeidman and $25M Sports Betting Fraud Scheme

In May 2022, the US District Court for the Eastern District of NY indicted the professional poker player Cory Zeidman on federal charges of conspiracy to commit money laundering, mail fraud, and wire fraud related to a “sports betting fraud scheme” operated in Long Island and Florida. But what was the story, and what happened to Zeidman?

 

Zeidman and his co-conspirators were indicted for allegedly taking over $25 million from people who believed they had a sports betting organization that had access to inside information on fixed games for sports wagering. They have done that for 16 years. How did they do it? Cory and other co-conspirators placed deceitful radio advertisements claiming they have a white-collar approach to gathering critical confidential information on sports and sports betting using organization names, like Gordon Howard Global and Ray Palmer Group. Result? People would call them to get advice, then they request a fee to reveal the “privileged information” about fixed games that they claimed were received from physicians at colleges and television executives. But the whole thing was nothing but selling lies and misinformation!

 

According to the officials, many victims lost their life savings and ruined their financial lives. Zaidman was arrested in Boca Raton, Florida, on Wednesday, May 25, 2022.  Cory and his attorney, Morgan Zeidman, appeared before the court and pleaded not guilty to federal charges. If convicted, Cory must forfeit the money in more than a dozen bank accounts, plus his real estate properties in Boca Raton, West Palm Beach, and New York.

 

Cory Zeidman has not been seen at poker tables and tournaments in 2023. It seems that the indictment has affected his professional poker career.

Cory Zeidman Net Worth, Age, And More

Full Name Cory Zeidman
Date Of Birth 1961
Age 63
Eye&Hair Color Black
Marital Status N/A (Most sources confirmed he is single)
Sexual Orientation Straight
Racial and Ethnic Background White
Profession Professional Poker Player/ Sports Bettor
Place Of Birth Sarasota, Florida, United States
Residence Coral Springs, Florida, United States
Net Worth Around $7 M(if convicted, his net worth will definitely shrink!)
Social Media Accounts None(he is not active on social media)

 

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