Cory Zeidman, a professional poker player, was detained on Wednesday on allegations of fraud and money laundering in connection with a sports betting conspiracy.
Federal accusations of conspiracy to commit wire fraud and mail fraud have been filed against Zeidman. The alleged plan he was a member of lasted from 2004 until 2020.
Over the course of that time, the alleged victims were paid more than $25 million.
Ricky J. Patel, acting special agent in charge of Homeland Security Investigations in New York, issued a statement on the incident.
According to ESPN, "Zeidman preyed on those who were made to believe he had inside information that would bring them to easy money.