Chris Ferguson, Howard Lederer Named in Civil Complaint re to Full Tilt Poker

Written by:
C Costigan
Published on:
Chris Ferguson, Howard Lederer

The US Feds announced on Tuesday that Team Full Tilt Poker pros Chris Ferguson and Howard Lederer have been named as defendants in a civil suit filed by the US Justice Department.

Both men are alleged to have “defrauded players” as part of, what the Government calls “a ponzi scheme”.

Bharara announced the filing of a motion to amend the forfeiture and civil money laundering complaint that was unsealed in April, alleging that Full Tilt and board members Lederer and Ferguson, together with Full Tilt CEO Ray Bitar, defrauded poker players by not maintaining funds sufficient to repay players at the same time that Full Tilt  led players to believe that their funds on deposit were safe and available for withdrawal at any time.

“Full Tilt was not a legitimate poker company, but a global Ponzi scheme,” Bharara said in a statement.”

It is unclear at this time whether other Full Tilt Poker pros will be named as part of the complaint.

This is the first time that actual poker professions have been named as part of a United States government investigation into online poker.  Both men are reported to have been board members of Full Tilt Poker in the past with some reports suggesting they had a stake in ownership.

Full Tilt Poker has failed to pay back its customers since the initial indictment was handed down on April 15 charging the company with bank fraud and money laundering.

CNBC began reporting on this news just after 12:30 pm EST and heavy national mainstream coverage is to be expected.

- Chris Costigan, Publisher

Poker News

Negreanu and PokerStars Part Ways

Negreanu and PokerStars Part Ways

The biggest money earner in poker, Daniel Negreanu, has amicably split with PokerStars following 12 years as a sponsored pro.

Is PokerStars Legal in the State of Idaho?

Is PokerStars Legal in the State of Idaho?

PokerStars is not accessible in the state of Idaho, though it used to be.  The site now adheres to state interpretation that poker sites are not legally permitted to operate in Idaho.

Red Dead Online Poker Review - Access Issues

If any company is going to make a run at competing with the big name real money online poker sites like PokerStars, Americas Cardroom or 888, it would be an established gaming site the likes of Rock Star Games.  They recently incorporated poker into their Red Dead Online title, but - SURPRISE - most people can't play for real money.

Poker's Royal Wedding

Poker's Royal Wedding

Daniel Negreanu tied the knot with long time girlfriend Amanda Leatherman and the poker community celebrated along side them.

Daniel Negreanu Amanda Leatherman Marry

Daniel Negreanu Amanda Leatherman Marry

If there is such a thing as a poker royal wedding, this would be it.  Daniel Negrean and long time girlfriend Amanda Leatherman have tied the knot.