For years, Adam Meyer has occupied a unique space on the local sports scene. A "sports handicapper," he boasted he could predict which team would win 60 percent of the time, and through his Real Money Sports Inc., he offered that edge to gamblers for annual fees up to $250,000.
|screencap via YouTube|
|Adam Meyer on Darren Rovell's CNBC show.|
According to federal prosecutors, though, Meyer also had a side business in extortion and fraud. He was indicted this week in Wisconsin for allegedly concocting an elaborate scheme to threaten a former customer to give him more than $25 million.
Meyer's name is likely familiar to any serious fan of the University of Miami, because he also played a role in the Nevin Shapiro scandal. The Ponzi schemer sent millions to Meyer for sports bets, with the handicapper later agreeing to repay investors nearly $1 million.More »