Florida Sports Tout Scams FDL Man Out Of $25 Million

A grand jury has indicted a Florida sports betting “tout” on federal fraud, racketeering, extortion and gun charges who scammed a Fond du Lac man out of $25 million. Adam Meyer of Real Money Sports Inc. allegedly scammed the man out of the money between January of 2009 and February 2013. A “sports tout” service advises clients on which sports teams to bet on. The federal indictment was unsealed in Milwaukee Tuesday. According to it the victim first purchased picks from Meyer in 2007. When the victim reduced his betting Meyer claimed an independent bookie was threatening both their lives over money that was owed. The bookie as it turned out was Meyer’s alter-ego. At one point in 2012 Meyer flew from Florida with an associate to Fond du Lac to threaten the victim with a gun. According to the indictment the victim ended up paying Meyer about $25 million over the years. Meyer’s lawyer Joel Hirschhorn is skeptical of the charges. Meyer is expected to plead not guilty to the charges.