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Rafe Furst Settles Black Friday Charges

Tags: black friday, chris furguson, court, doj, Howard Lederer, rafe furst, ray bitar.
Posted on 30 November 2012 by "T".

Former Full Tilt Poker board of director Rafe Furst, who had a minor role in the day-to-day operations of the site, has settled the claims against him. Furst and the U.S. Attorneys Office agreed to a Stipulation and Order of Settlement that allows Furst to admit no wrongdoing in the case, but the government has seized an unknown amount from his bank accounts in Switzerland.

In addition to that, he will have to pay a fine of $150,000 through a payment system to set up with the Southern District of New York, and he has agreed not to "work for, or derive money from, either directly or indirectly, through the operation of any internet gambling business in the United States, including businesses offering internet poker." .

The Department of Justice (DOJ) is still pursuing nine charges against Chris Furguson and and Howard Lederer. DOJ is requesting over $42 million in penalties from Leaderer and a similar amount from Furguson. However, unlike Furst, it seems like the duo will attempt to fight it out in court before paying anything.

Ray Bitar, former Chief Executive Officier at Full Tilt Poker, was arrested after returning from exile in Ireland earlier this year. After making bail, he has been on house arrest in California, with restrictions to travel, until his case comes to trial.


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2 comments on "Rafe Furst Settles Black Friday Charges"

 Impak00730/11/2012 14:42:34 GMT
150 grand aginst 42 milions of Letheerer and Ferguson. And with income from FT, gonna be easy for him....
 Fakiry01/12/2012 16:05:38 GMT
US justice is not kidding around on this specific case. I can't understand very well the details of Furst's case, but if he admits and the DOJ accepts that he had nothing to do with what turned up to be the FTP Black Friday, so why does he have an unknown amount of money in his possession that he can't move and he will still have to pay a fine?

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