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Lederer settles in court

Tags: black friday, Chris Ferguson, full tilt poker, Howard Lederer, Rafe Furst, Ray Bitar
Posted on Thursday, December 20, 2012 by "M".
Howard Lederer, the former Full Tilt Poker president, settled with the U.S. District Court in New York on Tuesday the 18th of December. Lederer agreed to pay more than $2.5 million to settle the civil suit that was brought on him by the U.S. government. According to Bluff Magazine, "Lederer will turn over to the government two bank accounts of unknown value, a 1965 Shelby Cobra roadster, two La[...]   Read more » Lederer settles in court

  20-Dec-12, 15:53   #1
Lederer settles in court 0 

Joined: Apr '09
Location: Portugal
Age: 36 (M)
Posts: 4764
Is Howard Lederer able to pay all this? If he is, than he sure won a lot during the time he was president. I know these guys win a lot, and a couple of residences and some bank accounts won't make that much difference to him, although it will reduce considerably his possessions. But the penalty for the money laundering is almost as big as the first one, which turns things even harder for him. This shouldn't keep him away from the big tables, still.

  20-Dec-12, 18:59   #2

Joined: Mar '11
Location: Canada
Age: 37 (M)
Posts: 1490
They embezzle millions, yet get a fucking slap on the wrist. It's disgusting how minimal these "penalties" are. Although losing that '65 roadster would SUCK because that's a sweet car. Still, these thieves stole money and then hid like cowards for over a year. I don't feel justice is even close to being served.

  20-Dec-12, 20:49   #3
Joined: Apr '11
Location: Romania
Age: 27 (M)
Posts: 6668
I actually think that he will actually be able to pay all of this, do we need to remember once again how much he won from ftp?

Still, i'm surprised to see that in US you can do an economical crime and if you give the money back you can simply get away with it.

  20-Dec-12, 22:03   #4

Joined: Dec '08
Location: Latvia
Age: 26 (M)
Posts: 47
Of course he is able to pay this money. It's peanuts for him.
What about all those people whose fund got frozen, where are their compensation?

  20-Dec-12, 23:32   #5

Joined: Jan '11
Location: United States
Age: 52 (M)
Posts: 3361
So does anyone think that Lederer got money from Pokerstars for the sale of FullTilt and it's based on payments? Besides all the money that's been made from FullTilt prior to the whole "Black Friday" scandal. I mean Lederer probabley has properties all over the world and only letting go of the Las Vegas Realestate. I'm sure he's set for life!

  21-Dec-12, 22:59   #6

Joined: Jan '10
Location: Romania
Age: 41 (M)
Posts: 54
wtf!!!!!!!!1 this is a facking joke. im sure poker stars is involved in full tilt breakdown and im 1000% that mister skammberg is the bigest scammer in the history of the world. catch him if you cant. HA HA HA

  23-Dec-12, 00:50   #7
Joined: Jan '12
Location: Argentina
Age: 28 (F)
Posts: 43
Full Tilt Poker pays 250,000 pounds of taxes owed to the AGCC

When the Alderney Gambling Control Commission (AGCC) postponed its decision about the license of Full Tilt Poker was expecting a reaction from the room. This was not long in coming.

The latest information about this particular "romance" has been paying the taxes that Full Tilt owed ​​the AGCC. According to Poker.org, the room has paid nearly £ 250,000. One fact is that the gaming license and is valid, but still can not recover its activity.

It is likely that in the coming days is to release a new date for the meeting between the AGCC and Full Tilt. A statement released on the website of the gaming commission read the following:

"The recent payment of taxes by Full Tilt Poker is of vital interest to the player as it allows negotiations to come to fruition and perform a refinancing agreement. As soon as possible will announce further details on the exact date and place of the next hearing. "

So far, nothing is known of European investors are rumored to be behind the purchase of the company.

We look on possible developments that may arise around the future of money back players from the room.

  26-Dec-12, 07:03   #8
Joined: Apr '11
Location: Romania
Age: 27 (M)
Posts: 6668
I have to agree with Green, Lederer has a lot more money than the ones he need to pay in this case...

I'm still amazed that after what they did to so many people that had accounts there they can get away with it so easily.

  26-Dec-12, 07:39   #9

Joined: Nov '12
Location: Canada
Age: 48 (M)
Posts: 4440
G'day mate
I think you must really be kidding right. I mean we are talking about the rich stealing from the poor.
There are many rich people who think this is just the natural order of things. I personally know multi-millionaires who truly believe it is there right to do whatever they want to make more money off the "little people".
"They do not matter after all if they did they would become rich too"

I have heard these statements made more than once. They really pissed me off but what can i do. The laws are designed by the wealthy to protect them and keep them safe and making more money.
There is NO crime a rich person can not commit if he is willing to pay enough to buy his way out of it.
The rich do not general care that they successfully stole from the poor folks. They are just surprised he was caught. You think im wrong?

Well be cool. good luck on the tables.

Ronin Harper Cool

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