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

I don't see any mention of prison anywhere, just that these guys are gonna be bankrupt.

Capitalism rarely sends it's finest to prison, just makes them start again.

amazing

If I were to take a time machine and go back to 2006; where my younger self was watching this guy that looks homeless with long hair, throw a deck of cards through carrots and dancing around like a faggot in ESPN segments during the WSOP; and tell myself that this person would steal 40 million dollars of player's money, I'd be astonished.

if howard is still living in the US with all that money/property then he is retarded..

On September 12 2012 16:03 chipsOwner wrote: if howard is still living in the US with all that money/property then he is retarded..

exiled for life?

I remember this one show with Howard Lederer and his sister whos name I forgot where he said something like "most guys think im a huge nit but in fact im a total maniac so im using my nit image to just go maniac and own the table " and his sister was like " yeah he really is " and then I saw him in some shows... and now I see this ... if you are stealing people's money at least dont be a huge pussy on camera :/

And what the fuck did Ferguson use the money for ? I bet he shops in stores like Lidl & Aldi ( not sure what USA's equivallent is ) and his most valuable asset is a a shampoo


I wonder if they covered their asses from a legal point of view to not be able to get sued with prison charges but just bankrupcy and like a ban from operating a gambling site or something

They won't go to prison for more than a year unless they're really really really unlucky.

On September 12 2012 11:00 Spicy wrote: They'll probably get sent to white collar prisons

i hate that shit, there is basically no reason for these people not to steal if they are playing game theory optimal.

get fucked lederer

would be cool to see them in jail