World Series of Poker winner found guilty for sports betting fraud scheme

In a federal court in New York on Wednesday, a professional poker player and sports betting promoter entered a guilty plea to defrauding clients in his sports handicapping business.

By pretending to have insider knowledge, the World Series of Poker bracelet winner and his co-defendants allegedly tricked clients into paying for betting advice, "only to feed them lies and pocket millions of dollars from their savings and retirement accounts," according to federal prosecutors.

 

[Jenny]

The conviction of a World Series of Poker winner for sports betting fraud tarnishes the integrity of professional poker and highlights the importance of maintaining ethical standards in gaming and sports.