New DOJ Complaint targets finances of FTP board

The US Department of Justice has filed a new amendment to the complaint against three biggest poker operators. With this action, the DOJ is targeting finances of Howard Lederer, Ray Bitar, Chris Ferguson and Rafe Furst.

The Second Amended Complaint in details shows what happened to the $137,000,000 that was paid out the FullTilt Poker owners from players money.
Citing a slew of statutes including the Wire Act, The Illegal Gambling Business Act and now the Travel Act, the DOJ is calling the distributions proceeds of an illegal enterprise and therefore subject to forfeiture: "There is probable cause to believe that the Defendant Properties constitute, or are traceable to property used in illegal gambling businesses."

The US Department of Justice is looking to recover following amount of money:

$42,500,000 from Howard Lederer
$42,000,000 from Chris Ferguson
$40,800,000 from Ray Bitar
$11,700,000 from Rafe Furst

Howard Lederer, according to the US Department of Justice, used company money to fund his personal banking accounts, retirement funds, mortgage payments and the purchase of various high value goods, including a Maserati, four Audis and a 1965 Shelby Cobra. Ray Bitar is supposed to buy two homes with the company money. There are no details at how Chris Ferguson or Rafe Furst used their money at the moment.

never thought id say this but...GO DOJ

On September 11 2012 18:26 n0rthf4ce wrote: never thought id say this but...GO DOJ

FIGHTING THE GOOD FIGHT.

omg those guys were that rich and they still played like super nits on all the poker tv shows

ill allow it

On September 11 2012 20:00 LikeASet wrote: omg those guys were that rich and they still played like super nits on all the poker tv shows

ya really lol

On September 11 2012 18:26 n0rthf4ce wrote: never thought id say this but...GO DOJ

LOL~!!!!

On September 11 2012 18:12 Defrag wrote: $42,500,000 from Howard Lederer

they are probably going to put them in jail, but I doubt they'll recover much of that money

On September 11 2012 20:04 Endo wrote: Show nested quote + On September 11 2012 20:00 LikeASet wrote: omg those guys were that rich and they still played like super nits on all the poker tv shows ya really lol

42 million dollars, nit life

prob playing nit on purpose not to raise alarms.

I'm really happy to see them go after the real criminals who committed real criminal acts. Kudos.

On September 11 2012 20:37 daysare wrote: they are probably going to put them in jail, but I doubt they'll recover much of that money

putting them behind bars might be as, if not more important than recovering the money long term for online poker

On September 11 2012 20:02 Bigbobm wrote: ill allow it

die howard

Good day. It's a good day.

and it's gone

uhoh

On September 12 2012 02:45 Highcard wrote: and it's gone

haha

The day has come !

They'll probably get sent to white collar prisons