Sports betting consultant indicted

A high profile Florida-based sports betting adviser, Adam Meyer (42) has been indicted by a Wisconsin grand jury on serious charges of fraud, racketeering, extortion and intimidation involving a firearm after shaking down an indebted gambler for around $25 million.

Meyer operates the Real Money Sports enterprise, allegedly offering punters a 70 percent success rate on his betting tips, but he went too far with one gambler, who became sufficiently concerned to go to the authorities.

Using his own identity and aliases, Meyer pursued the unnamed gambler between 2009 and 2011, threatening to harm him or expose his gambling habits to his family if he did not pay over large sums of money owed from bets.

The victim transferred millions of dollars to Meyer that he used for his own purposes, according to the indictment. When he refused to pay anything further in 2012, Meyer is alleged to have arranged a physical meeting at which an associate brandished a gun, “persuading” the gambler to pay another almost $10 million.

In all, Meyer and his agents are alleged in the indictment to have obtained more than $25 million from the gambler.

Meyer’s lawyers have indicated that he will defend the charges.