Adam Meyer, the sports betting pro to the stars and a Fort Lauderdale native, was arrested in December on racketeering, extortion and brandishing-a-firearm charges after he allegedly orchestrated an elaborate plot to con a man out of $25 million. Last week, a federal judge decided not to revoke Meyer's bail, but instead sent him to drug rehab.
Meyer, 42, the president and chief executive officer of sports betting consulting firm Real Money Sports Inc., has apparently failed four drug tests, one as recently as February 13, and has also failed to show up to other drug tests. He's also ignored federal probation officers' instructions to enroll in an inpatient rehab program.
But, on Tuesday, U.S. Magistrate Judge William Duffin told Meyer if he violated the terms of his $1 million bail one more time, it would be revoked.
According to the Milwaukee-Wisconsin Journal Sentinel, Duffin called this Meyer's last chance.
According to a six-count indictment, issued in U.S. District Court for the Eastern District of Wisconsin last December, Meyer, 42, allegedly threatened and scammed millions of dollars from a man who sought his advice on sports betting.
The man, Gary Sadoff, began as one of Meyer's clients as early as 2007. But when Sadoff began to curtail his gambling, he was suddenly told by Meyer that an independent bookie named Ken Wong was threatening Meyer's life over a large gambling debt and that Wong was also holding Sadoff responsible for. The indictment said Meyer told Sadoff that their lives were in danger.
Fearing for his life, Sadoff began transferring money over to "Wong." Eventually, Sadoff stopped transferring money, and refused to pay any more. At this point, Meyer and another man flew to Milwaukee to meet with Sadoff. There, Meyer's accomplice pulled a gun on Sadoff and demanded $9.8 million to be transferred into Meyer's account.
But, it turns out Wong didn't exist, and that Meyer made him up to scam Sadoff out of millions.
In total, Meyer allegedly took $25 million from Sadoff between 2008 and 2012.
With the help of Broward Sheriff's Office, federal authorities arrested Meyer in his Fort Lauderdale home on December 9.
The Journal Sentinel reports that Meyer is also facing two counts of felony drug possession in Florida after police found drugs, including more than a dozen OxyContin pills, on Meyer after he crashed his car. Meyer told cops the drugs were planted in his car as a set up. At the time, in a bizarre story, Meyer claimed that someone had sent him an email saying that the drugs were planted and that he would get into a car accident.
Meyer has built an online empire charging thousands of dollars from clients looking for advice on sports betting, from college sports to pro sports. He reportedly cleaned up after the Green Bay Packers beat the Pittsburgh Steelers in Super Bowl XLV.
Using what he says are computer analyses, hundreds of sources in sports, and his own instincts, Meyer has billed himself as "sports consultant to the stars," boasting on his website of having A-list celebrities as some of his customers.
If you like this story, consider signing up for our email newsletters.
SHOW ME HOW
You have successfully signed up for your selected newsletter(s) - please keep an eye on your mailbox, we're movin' in!