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The so-called “Sports Betting Consultant to the Stars’ Adam Meyer, a Fort Lauderdale resident, has been indicted after allegedly scamming a Wisconsin man out of $25 million over a four year period. Meyer was arrested earlier in the week and appeared shackled before a federal magistrate Friday morning.
The unnamed victim (identified only as “Victim A” in the complaint) is said to have paid Meyer $1.2 million to cover Meyer's gambling losses. According to the indictment, Meyer then went on to claim he owed a debt to a ruthless bookie named Kent Wong and that Wong mistook the Wisconsin man for Meyer’s partner.
That ruthless bookie turned out to be Meyer himself. The indictment alleges that Meyer would call “Victim A” and threaten him into making further payments.
It is also alleged that an associate of Meyer pulled a gun on the victim and demanded additional funds. “Victim A” sent off another $9.8 million following that incident, which allegedly took place at a meeting called by Meyer.
The Fort Lauderdale-area tout will next appear in a Wisconsin court. He will be monitored closely by law enforcement with restrictions calling for home confinement between the hours of 8 pm and 8 am. Meyer will be permitted to continue running his tout service Real Money Sports Inc.
State court records also reveal that Meyer is facing two counts of drug possession with intent to sell. He was arrested in October and is out on a $5,000 bond.
Each of the wire fraud counts and the extortion count carries a sentence of 20 years in prison.
- Jagajeet Chiba, Gambling911.com
