Sports Bettor Pleads Guilty To $10 Million Fraud Scheme
A renowned sports gambling social media character pled guilty last Wednesday to wire fraud and filing a false tax return after swindling his prey from almost $10 million to finance his high-stakes gambling and extravagant lifestyle.
27-year-old Chicago-native Robert Gorodetsky entered his plea facing a U.S. District Court judge in his hometown. He faces up to six years in prison and has to pay $7.2 million in losses that are outstanding.
Gorodetsky was a bit of a star in the sports gambling world. He gathered as numerous as 172,000 followers on Instagram where he published pictures at sporting events and in casinos together with athletes and other actors, while touting a 65-percent success speed on sports stakes which were frequently in the six-figure selection.
While being shadowed to get a 2017 USA Today interview, Gorodetsky wager well over $1 million on many different sporting occasions and gambled thousands on various table matches in Las Vegas.
Gortodetsky didn’t amass his fortune by beating the sportsbooks, however. Over the course of a four-year span medially 2014-2017, Gorodetsky ran a scheme against a single investor. The investor, who was listed in the charges as “Victim A” gave Gorodetsky $953,000 in February 2014 to invest in the share marketplace.
Gorodetsky created false statements showing large returns on his victim’s money. According to the Chicago Tribune, Gorodetsky told Victim A that his original investment had grown to $2 million in July 2014 and continued to ask for more money over the next three years.
The Tribune said that Gorodetsky used partially $2.2 million of the victim’s money on luxury cars, jewelry, and other entertainment expenses.
Gorodetsky had a brief stint as a professional poker player in 2016. That year, he cashed in the $25,000 no-limit hold’em event at the PokerStars Caribbean Adventure. Over his career, he has five cashes totaling $126,218. His last cash came just over a year ago with a 230th place finish in a $360 no-limit hold’em event at the Seminole Hard Rock.
Gorodetsky’s guilty plea comes just four months after World Poker Tour Champion Dennis Blieden admitted to embezzling $22 million from his former company.
Gorodetsky will be back in court on April 29 for sentencing.