..

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

Poker News

Phil Ivey Launches World's First Multiverse NFT

Phil Ivey Launches World's First Multiverse NFT

Its debut three-dimensional NFT artifact is a collaboration between poker legend, Phil Ivey, the pioneer in luxury footwear and customization space, The Shoe Surgeon, and the world's largest sneaker conventions and industry leader, Sneaker Con. The NFT will officially drop on October 28th at 9 PM PST and will be available on auction for 72 hours.

Report: Mike Postle Owes Mom $80K

Report: Mike Postle Owes Mom $80K

A California bankruptcy court is currently considering the involuntary-bankruptcy petition filed against him by Veronica Brill and Todd Witteles, and the new figures were included in Postle’s latest filing with the court, according to PokerTube.   He claims to owe 25 separate debts.

Michael Addamo Wins WSOP Bracelet Number 3

Michael Addamo Wins WSOP Bracelet Number 3

A regular on the high stakes tournament circuit, Michael Addamo took home his third World Series of Poker gold bracelet and the $1,132,968 that came with it.

Adam Friedman Defeats Phil Hellmuth to Win WSOP $10k Dealer's Choice for Third Straight Year ($248,350)

Adam Friedman Defeats Phil Hellmuth to Win WSOP $10k Dealer's Choice for Third Straight Year ($248,350)

Bracelet number 17 was not meant to be...at least not yet.   Phil Hellmuth, the record 16 World Series of Poker bracelet winner, was taken down by Adam Friedman Wednesday night in the Dealer's Choice Championship.

The Sunday Special Pot Limit Omaha at America's Card Room

Pot Limit Omaha gets some much-deserved attention at America's Cardroom with the weekly Sunday Special PLO at 2:30pm ET.

Syndicate