Drug Rehab for Celebrity Tout in Multi-Millions Extortion Case

Celebrity sports tout Adam H. Meyer, awaiting trial on charges of defrauding and extorting approximately $25 million from a wealthy Wisconsin betting client, has now been sent to mandatory drug rehab after repeatedly violating the terms of his parole.

Meyer,who touts himself and his self-styled “Real Money Sports” company, through which he has made regular radio and TV appearances selling his picks service in the United States, United Kingdom and China, was referred to rehabilitation after failing four drug tests — the latest coming earlier this month — and skipping four others, according to Wisconsin media reports.

Meyer, who posted $1 million bail after being charged in the long-running extortion scheme, has separately run into drug charges resulting from a one-car accident in his native Florida.  Officers investigating the car crash found an unspecified number of pills in the vehicle, including OxyContin, which Meyer alleged were “planted” there by unnamed others.  USAO prosecutor Gregory Haanstad stated that Meyer claimed that he had “received an email saying (someone) put drugs in his car and he would be involved in a accident,” following the October incident.

Adam Meyer as he appears on his RealMoneySports.com website

Adam Meyer as he appears on his RealMoneySports.com website

The enforced drug-rehab stint continues the bizarre chain of events in the ongoing case against one of America’s most visible touts.  Earlier this month, following rampant media speculation in the case, Wisconsin-based liquor distributor Gary Sadoff identified himself as the alleged victim in Sadoff’s long-running extortion scheme, in which Meyer used various threats — up to and including the use of a gun — to continue extracting millions from Sadoff.

Sadoff remains the head of Badger Liquor Company, Wisconsin’s largest alcohol distributorship, a major marketing force in a state known for its long brewing tradition.  Sadoff even issued a statement to his employees earlier this month acknowledging that the was the victim in the Meyer case.

Wrote Sadoff, in part:

… I wanted you to hear, directly from me, that I am the victim described in the indictment.

As the charges detailed, for a number of years my family was threatened with harm, a gun was pulled on me, and I received numerous warnings of violence. In response to those threats, I made a series of payments to protect my family.

No one wants to be the victim of a crime and certainly no one wants to relive those events in public. But the facts are there and I am cooperating with the prosecutors’ case against Meyer.

Please know that all of these events happened several years ago and had no effect on our company. Because of your efforts, we had a successful 2014 and this personal issue should not distract from all of those accomplishments. …

An attorney representing Sadoff was present at the latest bond hearing for Meyer, taking notes on the proceedings.  Meyer’s federal trial begins next month; he faces six federal charges in connection with the scheme against Madoff, including extortion, fraud and racketeering.  Madoff initially became a client of Meyer’s in 2007, with Meyer turning extortionate toward his client in 2009, according to the allegations in case.  Madoff allegedly paid he $25 million to Meyer over the course of the next four years.

Meyer’s RealMoneySports.com and AdamWins.com tout websites remain online (though devoid of current betting data) despite the ongoing case, while his appearances on third-party broadcasts have ceased, pending the outcome of the trial.  Meyer, his picks, and his celebrity-client business previously have been featured in many of the largest US-based media outlets covering sports betting as a topic, including CNBC, E!, USA Today and Cigar Aficianado.

Unspoken within many of the mainstream lifestyle pieces featuring Meyer and his claims were the effect that Meyer’s own tout-service fees would have on the long-term success rates of his clients, meaning that even a good run of results would have little or no chance of overcoming the juice that Meyer himself charged for his picks.

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