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Spiderman Star to Appear in Court Over Poker Ponzi Scheme

Written by:
Patrick Flanigan
Published on:
Jul/27/2011
Spiderman Poker

Spiderman star Toby Maguire is set to appear in a court hearing over an elaborate poker ponzi scheme he took part in.

Maguire has been ordered to appear before a court to answer charges put forth in a complaint against him.

A lawsuit contends 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."

Lawyers for the actor claim Maguire had no idea the poker games he took part in were illegal.

Prosecutors have until November 30 to prepare their cases.

Maguire is set to star producing an adaptation of “The Little Mermaid”. 

- Patrick Flanagan, Gambling911.com

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