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BankrollMob Poker News

feb
21

Chris Ferguson Settles Black Friday Charges

Tags: black friday, Chris Ferguson, Ian J. Imrich, United StatesCourt Southern District of New York.
Posted on Thursday, February 21, 2013 by "T".

On Tuesday, Chris Ferguson's attorney, Ian J. Imrich, revealed that Ferguson filed for a settlement with the United States Court Southern District of New York. Here are some "highlights" of the settlement:

 

  • Ferguson to hand over at least $2,350,000, along with "all funds in the Ferguson Account (the "Ferguson Account Funds")." I don't know what the figure in those accounts would be. At one point the government was seeking $42mm from Ferguson.
  • Ferguson's surrendered funds will contribute to player repayment pool.
  • Ferguson agrees to not work in unlicensed online gambling or online poker.
  • "This Stipulation and Order of Settlement shall in no way be deemed an admission of culpability, liability, or guilt on behalf of Ferguson. Further, this Stipulation and Order of Settlement shall in no way constitute any reflection upon the merits of the claims and defenses asserted respectively by the United States and Ferguson."
  • "Ferguson 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"

 

Click here to view all settlement papers.

source: onlinepokerreport


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4 comments for "Chris Ferguson Settles Black Friday Charges"

 Sorin8882/21/2013 8:10:36 AM GMT
While the settlement will end the civil case against him, some forum posters, believe Chris Ferguson could still "end up in prison or at the very least with multiple felony convictions".
Follow the money DOJ!
 Jibberish2/21/2013 8:17:26 AM GMT
you stole this, i saw it 2 days ago.

------------
word for word.
 Fakiry2/21/2013 6:08:50 PM GMT
I was thinking about who would be taking the money that Ferguson will have to pay, because it couldn’t be only the Government, since there were players that got prejudiced, but I don’t know what’s a “player repayment pool”. How will they know who have played and lost because of Ferguson? How will they decide on how much to give to each of the prejudiced players? USA courts will have a lot of work ahead with this.
 Sorin8882/24/2013 10:03:24 AM GMT
Ferguson's settlement approved
Chris Ferguson's civil case is now officially closed following the approval of his settlement by Judge Kimba M. Wood.
Ferguson's legal deal included the submission of $2,350,000, as well as an undisclosed amount of money contained within a bank account bearing his name.

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