Tobey Maguire to Pay $80,000 in Poker LawsuitActor Settles Case out of Court |
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People Magazine reported Monday that actor Tobey Maguire has settled a lawsuit that was seeking to claim $311,000 he won in a high-stakes Hollywood home game.
Maguire will pay $80,000 to the former clients of Brad Ruderman, a man currently serving time in a Texas jail after being convicted of wire fraud and investment adviser fraud. Ruderman served as the CEO of Ruderman Capital Partners, which was later revealed to be a Ponzi scheme by FBI investigators.
Ruderman allegedly lost about $25 million of investor money in the home games.
Reportedly, as part of the settlement, Maguire maintains that he committed no wrongdoing and he didn’t know that the money he won came from illicit financial activities.
Maguire’s trial had been set for the week of Jan. 30, 2012.
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