..

Some Investors Lost Life Savings in Spiderman High Stakes Poker Ponzi Scheme

Written by:
Jagajeet Chiba
Published on:
Jun/23/2011
Spiderman High Stakes Poker Ponzi Scheme

Radar Online is reporting on Thursday that the court-appointed trustee for a lawsuit against Hollywood celebrity high stakes poker players attempted to settle beforehand with Toby Maguire and others.  Maguire is best known for his starring role in the Spiderman film franchise. 

The lawsuit alleges that hedge fund manager Brad Ruderman caused some investors to lose their life savings as part of a complex ponzi scheme and at least $300,000 of that money went to Maguire.  The Spiderman actor won that amount through his participation in clandestine underground high stakes poker games that were part of the scam.  Other celebrities named in connection with the high stake poker games include Ben Affleck, Leonardo DiCaprio and Matt Damon.  So far, only Maguire has been served with the lawsuit. 

“The investors that I represent lost about $50 million dollars,” Ehrenberg told RadarOnline.com exclusively. “I contacted representatives for Mr. Maguire before I filed the lawsuit against him as a courtesy, because I didn't want to cause him embarrassment. My attempts to collect money from Mr. Maguire were unsuccessful and went unnoticed, and I was forced to file the lawsuit against him.

“I was appointed by the court as a trustee in this case, to get money for investors that lost their money. I'm not trying to garner any publicity for myself, I just want to get money that is owed to the investors in the Ruderman Capital Partners hedge fund."

Ehrenberg drew comparisons to the Bernie Madoff case. 

"Some of the investors did lose their life savings. This Ponzi scheme is very similar to the Bernie Madoff case, but in this matter, we are dealing with about $50 million dollars in losses. This scheme probably could have been much worse, if the stock market hadn't collapsed. The scheme ultimately unraveled when the stock market dropped.”

- Jagajeet Chiba, Gambling911.com

Poker News

Poker News: LCS Main Event Pays Biggest Prize in Lodge History

This event took place in Red Rock, Texas, another example of how big poker has become in the Lone Star State.  The venues attract those from around the world, Bauer among them.

Matusow Defends Negreanu Over Sexual Misconduct Claims

Matusow Defends Negreanu Over Sexual Misconduct Claims

“What this woman said is just lies,” Matusow said. “Daniel would never ever act like that towards a woman poker player. He told me if he was staring at her it was just to get reads, not because he wanted to f*** her.”

Punta del Este Main Satellite Announced for July (2022)

This is your chance to win a $4,500 dream poker vacation to compete in a Live Event in an exotic location!

Negreanu Chimes in on Depp-Heard Trial: Justice for Johnny, Amber a Liar

Negreanu Chimes in on Depp-Heard Trial: Justice for Johnny, Amber a Liar

In regard to Amber, who claimed she was abused by Depp, Negreanu asks: "Does anyone believe if she had these injuries that she wouldn’t have taken a single picture at any point? It’s not plausible or believable to me at all considering how much she documented during the relationship."

WPT Rock ‘N’ Roll Poker Open at the Hard Rock 2022 Schedule Unveiled

WPT Rock ‘N’ Roll Poker Open at the Hard Rock 2022 Schedule Unveiled

The WPT Seminole RRPO Main Event, set to take place at the Hard Rock Casino in Hollywood, Florida this November, will feature a $2 million guaranteed prize pool.

Syndicate