After six long years since the Black Friday devastated the online poker world, the scandal left by previous Full Tilt Poker owners still continues to rear its ugly head and make it to the news headlines this end of 2017.
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 Las Vegas properties with a combined value of approximately $975,000 and an additional $30,000 traceable to the sale of a third Las Vegas property".
In addition, "Lederer also agreed to pay the government a two-part money judgment, comprised of a civil money laundering penalty of $1.25 million and an additional $168,000 that will be liquidated from certain of Lederer’s other bank accounts. The money laundering penalty is payable in two installments, due 18 months and 36 months from now, and is secured by Lederer’s two remaining Las Vegas properties".
With Lederer's settlement, two of the four people that was "personally named" in the Black Friday case against Full Tilt has reached an agreement with the court. A few weeks ago, the former director Rafe Furst settled his case with the U.S. District Court in New York by paying a $150,000 penalty.
Chris Ferguson and Ray Bitar's cases remains pending.
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.
On Monday, Absolute Poker co-founder Brent Beckley got a 14-month prison sentence for his involvement with the online poker site's illegal actions before Black Friday. Beckley pleaded guilty to criminal charges, including bank fraud and wire fraud, in December last year. However, the 14-month sentence probably is a big relief for Beckley since he was facing a maximum sentence of 30 years.
In total, 6 of the 11 men who were accused after Black Friday have pleaded guilty to their crimes. The ones who still haven't pleaded guilty are: Ray Bitar & Nelson Burtwich from Full Tilt Poker, Isai Scheinberg and Paul Tate from PokerStars and Scott Tom from Absolute Poker
Team PokerStars Pro Daniel Negreanu has posted a new video blog in which he discuses Ray Bitar's (the CEO of Full Tilt Poker) late apology to the poker world, Bay 101, Epic Poker League's failure, and other interesting and funny things that have happened in his life recently.
After almost a year of total silence, Full Tilt Poker's CEO Ray Bitar has finally let a news site interview him. In the interview, which was released yesterday, Bitar talks about, for example, how his life has drastically changed since last April (Black Friday) and why he the rest of Full Tilt's owners haven't made any statements. Below is the full interview with Ray Bitar:
Ray, there has been public outrage surrounding the fact that you have been silent since the Black Friday shutdown and indictments. Can you say why you haven't made any public statements?