Former Full Tilt Poker Owner Chris Ferguson Agrees To Settlement With U.S. Government
Doesn't Admit To Any Wrongdoing With Company
Former Full Tilt Poker owner Chris Ferguson has reached a settlement in his civil case stemming from Black Friday with the federal government, his attorney Tweeted Tuesday.
He had been in hot water for about the past 18 months.
— Ian J. Imrich, Esq.(@ijiLaw) February 19, 2013
Ferguson will hand over an undisclosed amount from an account at Citibank, as well as an additional $2.35 million. The government had been seeking $42 million from Ferguson.
According to court papers, he “contends that he was unaware of any wrongful activity at Full Tilt or that the company had become unable to satisfy its player account liabilities.”
Ferguson, a five-time World Series of Poker bracelet winner and the 2000 main event champion, didn’t admit to any wrongdoing in the settlement.
He has never talked publicly about the case or the allegations.
He was first brought into the mix of the Black Friday scandal in September of 2011, when the Department of Justice called the company a Ponzi scheme.
While Lederer, Ferguson and Furst are done with their respective civil cases, former American poker players are still waiting for compensation from the government.
Other components of the Black Friday case are still unfolding within the legal system.
|1||George Clooney Calls Steve Wynn 'An Asshole' To His Face While Having Dinner At Wynn's Hotel|
|2||Nevada Removes Gambler From Casino 'Black Book'|
|3||Vicky Coren Mitchell Is The First Ever Two-Time European Poker Tour Main Event Winner|
|4||Online Poker: Nikolaus Jedlicka Wins $916,000|
|5||World Poker Tour Holds Championship Event This Year With Big Changes|
|6||Borgata Puts Up Slight Overlay On $5 Million Guaranteed World Poker Tour Championship|
|7||Wynn: Never Seen A Gambler Win Over Long Run|
|8||PokerStars Announces California Online Poker Plan|
|9||Blair Hinkle Wins World Series of Poker Circuit Horseshoe Council Bluffs Main Event For Third Time|
|10||Drugmakers Posed As Poker Players In Botched Attempt To Flee Australia|
|1||More Details On Poker Pro Phil Ivey's Alleged Cheating While Playing Baccarat At The Borgata|
|2||Atlantic City Casino Sues Phil Ivey For $9.6 Million, Says Poker Pro Cheated|
|3||Ed Miller: Four Bad Things Amateur Poker Players Say|
|4||Borgata To Pay Final 27 Impacted By Cheating Scandal In Poker Event $19,323 Apiece|
|5||The Top Five Cities To Launch Your Poker Career: Part Two|
|6||Comedian George Wallace Awarded $1.3 Million In Case Against Las Vegas Casino|
|7||Phil Hellmuth Gives Poker Bracelet To NBA Owner|
|8||'Technical Problems' Result In Massive $260,000 Overlay In Sunday Tournament On PokerStars|
|9||George Clooney Calls Steve Wynn 'An Asshole' To His Face While Having Dinner At Wynn's Hotel|
|10||The Top Five Cities To Launch Your Poker Career: Part One|