Former Full Tilt Poker Owner Chris Ferguson Agrees To Settlement With U.S. GovernmentDoesn't Admit To Any Wrongdoing With Company |
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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.
Chris Ferguson reaches #iPoker civil forfeiture settlement with #SDNY and anticipates court approval soon. fb.me/A9yuKh4c
— 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.
After the deal, Ray Bitar remains as the only other former owner facing charges. Howard Lederer settled in December of last year, while Rafe Furst reached a deal in November.
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.
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