Why Use CapperTek to Buy Sports Picks?Why Use CapperTek to Sell Sports Picks?
CapperTek - Sports Handicapping Service Directory
BLOG
CAPPERTEK << Back to Sports Betting News / Blogs
Sports betting pro Adam Meyer charged in $25 million scam
Posted: Wednesday, December 10, 2014 by CapperTek

Adam Meyer, a nationally known sports betting tout, was arrested Tuesday on charges he used fraud and threats to scam $25 million from a Fond du Lac-area man, according to an indictment unsealed Tuesday.

In a single week in April 2012, the man wired $9.8 million to accounts controlled by Meyer or his agents, the indictment charges. The money was wired after a Meyer associate demanded the money at gunpoint, the indictment states.

Brian H. Bieber, Meyer's attorney, said that when the "full set of facts and circumstances...come to light" they will show that the "facts as stated in the indictment are not completely accurate."

Meyer, 42, who bills himself as the "sports consultant to the stars," was arrested in his south Florida home on charges of wire fraud, extortion, racketeering and brandishing a firearm, according to the six-count indictment issued in U.S. District Court for the Eastern District of Wisconsin. The indictment was issued last week after an investigation by the U.S. Postal Inspection Service.

In addition to selling tips on who will win professional and college sporting events — a service that is legal — the indictment charges that Meyer referred some customers to offshore bookmakers to take bets. Although he told clients the bookies were "third-parties," the indictment charges that "the purported third-party bookmakers were actually associates of Meyer's and were working on his behalf."

As a sports tout, Meyer charges up to $250,000 to provide gamblers with his predictions on the outcome of major college and professional sports including football, basketball and baseball, the indictment states. Meyer owns Real Money Sports Inc. and claims to employ more than 130 sports experts, including ex-players, and have a 60% winning percentage. He reportedly won more than $1 million on the Green Bay Packers during its Super Bowl XLV season.

His Adamwins.com website brags that "Adam is box office money, and the heavy hitters know it. His client list reads like the front page of Variety."

The indictment is not Meyer's first run-in with federal law enforcement. In 1996, he was sentenced to three months in federal prison followed by 12 months of probation after he was charged with extortion, racketeering and threats, according to online federal court records. He was indicted and convicted in Louisiana. No additional information was available Tuesday.

The most recent indictment charges that a Fond du Lac-area man began buying betting tips from Meyer in 2007 and that Meyer referred his client to bookmakers to take wagers. Meyer "falsely represented" that he was not connected to the bookies.

In 2008, the indictment said, Meyer told his client — identified only as "Victim A" — to send $1.2 million to accounts controlled by Meyer. Those funds later were seized by local law enforcement agencies in Florida, the indictment said.

Later, after Victim A cut back on his gambling, Meyer claimed his own life was at risk because he owed big money to a bookie. Meyer said a man named "Kent Wong" was demanding payment, the indictment said. Kent Wong actually was an alter ego created by Meyer.

"Meyer also falsely told Victim A that the bookie believed Meyer and Victim A were gambling partners and that the bookie was holding Victim A equally responsible for the debt," the indictment charged. Sometimes, the indictment charged, Meyer identified himself as Kent Wong when he called Victim A demanding money.

Victim A responded by sending millions of dollars to various bank accounts, the indictment said, noting that "Meyer, in turn, used the funds for his own purposes."

When Victim A balked at sending more money, Meyer and an associate flew to Fond du Lac from Florida to meet with Victim A in April 2012.

"During the meeting, Meyer's associate brandished a firearm and demanded Victim A send Meyer more money to pay off a purported gambling debt," the indictment said. "In response to that threat, Victim A agreed to provide $9.8 million to Meyer."

Meyer was arrested at his Fort Lauderdale-area home early Tuesday. After complaining of chest pains he was taken to a hospital and then released to the custody of federal agents. He is being held by federal authorities in Florida and is scheduled to appear at a hearing Friday.

Bieber, Meyer's attorney, said prosecutors will ask that Meyer remain in custody until trial although he thinks a personal recognizance bond is appropriate. Bieber said he expected the court to require that, to be released, Meyer post a monetary bond.

Home   :   Directory   :   Leaderboard   :   Access Picks   :   My Account   :   About Us   :   Betting Trends   :   Game Simulator Copyright © 2013 - 2017 CapperTek, All Rights Reserved.
Affiliate Program   :   Technology   :   Marketing   :   News / Blogs   :   Handicapper Blogs   :   FAQ   :   Contact Us Terms of Service   :   Privacy Policy
Free Scores & Odds Ticker Widget   :   XML Site Map   :   HTML Site Map   :   100% SSL Secure Website
CapperTek Blogs / Links CapperTek Facebook CapperTek Twitter CapperTek Google+ CapperTek Blog CapperTek Tumblr CapperTek YouTube CapperTek Google Search Results CapperTek Bing Search Results CapperTek Yahoo! Search Results CapperTek Ask Search Results CapperTek Alexa Rank CapperTek is 100% SSL Secure!
CapperTek - Sports Handicapping Service Directory
Football
Basketball
Baseball
Hockey
Soccer
Mixed Martial Arts
NFL Picks NBA Picks MLB Picks NHL Picks Soccer Picks MMA Picks
NFL Odds NBA Odds MLB Odds NHL Odds Soccer Odds MMA Odds
NFL Lines NBA Lines MLB Lines NHL Lines Soccer Lines MMA Lines
NFL Spreads NBA Spreads MLB Spreads NHL Spreads Soccer Spreads MMA Spreads
NFL Betting Advice NBA Betting Advice MLB Betting Advice NHL Betting Advice Soccer Betting Lines MMA Betting Advice
NFL Betting Trends NBA Betting Trends MLB Betting Trends NHL Betting Trends Soccer Betting Advice MMA Betting Trends
NFL Las Vegas Odds NBA Las Vegas Odds MLB Las Vegas Odds NHL Las Vegas Odds Soccer Betting Trends MMA Las Vegas Odds
NFL Game Simulator NBA Game Simulator MLB Game Simulator NHL Game Simulator Soccer Las Vegas Lines MMA Fight Analysis
NFL Scores NBA Scores MLB Scores NHL Scores Soccer Las Vegas Odds MMA Fight Tips
College Football Picks College Basketball Picks Baseball Betting Picks Hockey Betting Picks Soccer Scores MMA Predictions
College Football Odds College Basketball Odds Baseball Odds Hockey Odds Soccer Results UFC Fight Picks
College Football Lines College Basketball Lines Baseball Lines Hockey Lines Soccer Tips UFC Fight Odds
College Football Spreads College Basketball Spreads Baseball Spreads Hockey Spreads Soccer Predictions UFC Predictions
College Football Betting Lines College Basketball Betting Lines Baseball Betting Lines Hockey Betting Lines Soccer Stats UFC Matchups
College Football Betting Advice College Basketball Betting Advice Baseball Betting Advice Hockey Betting Advice Soccer Analysis UFC Betting Tips
College Football Betting Trends College Basketball Betting Trends Baseball Betting Trends Hockey Betting Trends Soccer Matchups UFC Betting Advice
College Football Game Simulator College Basketball Game Simulator Baseball Game Simulator Hockey Game Simulator Soccer Fixtures UFC Fight Analysis
College Football Scores College Basketball Scores Baseball Scores Hockey Scores Soccer Betting Picks UFC Betting Trends
PLEASE NOTE: Sports betting inherently involves financial risk. CapperTek assumes no responsibly for the loss of capital incurred due to the use of information contained on this website. Past results do not guarantee or imply future performance. Please bet on sports legally within your jurisdiction and responsibly within your financial means.
UNITED STATES CITIZENS PLEASE NOTE: The content and information contained on this website or any of the sports handicapping service websites listed on this website are strictly for news and entertainment purposes only. Any use of this content or information in violation of federal, state, or local laws is strictly prohibited. Activities offered by advertising links to other sites may be deemed an illegal activity in certain jurisdictions. Viewers are specifically warned that they should inquire into the legality of participating in any games and/or activities offered by such other websites. The owner of this website assumes no responsibility for the actions by and makes no representation or endorsement of any of these games and/or activities offered by the advertiser. As a condition of viewing this website viewers agree to hold the owner of this website harmless from any claims arising from the viewer's participation in any of the games and/or activities offered by the advertiser.

Every sports handicapping service website listed on this website is an individually owned and operated private entity. CapperTek does not have any direct affiliation with any of the sports handicapping service websites listed on this website. CapperTek is also not responsible for the content or accessibility of any of the sports handicapping service websites listed on this website. Links to other service websites do not imply any promotion or endorsement of any of the content or information found on those websites. If you choose to follow links to other websites you do so entirely at your own risk. Any third party photographs, images, videos, audio, logos, slogans, trademarks, service marks, domain names, and intellectual property represented on this website are property of their respective owners.