U.S. Government And Chris Ferguson In 'Extensive Settlement Conversations'Case Against Former Full Tilt Owner Ongoing Since September 2011 |
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The U.S. government and counsel for former Full Tilt Poker principal Chris Ferguson have been “engaged in extensive settlement conversations” over the past few weeks, according to a court document filed Tuesday in New York City.
Ferguson has an active motion to dismiss the civil complaint against him, and U.S. Attorney Preet Bharara asked the judge for more time to respond because of their ongoing discussions toward a resolution to the case. The new date is Feb. 19, 2013.
Ferguson’s former colleagues at Full Tilt, Howard Lederer and Rafe Furst, have settled their respective civil cases with the Department of Justice. If and when Ferguson settles, it will leave Ray Bitar as the last former Full Tilt owner who remains in legal trouble.
In addition to facing hefty monetary penalties, Bitar is looking at the possibility of life in prison for his role in the company’s alleged fraud.
Ferguson, Lederer and Furst have never been faced with criminal charges in the matter.
American players are still waiting to be repaid after a settlement this past summer resulted in PokerStars acquiring Full Tilt and paying the government enough money to compensate former U.S. customers. The amount owed to these players is about $159 million.
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