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Toby Maguire, Gabe Kaplan, Others Settle High Stakes Hollywood Poker Games Lawsuit

Written by:
Ace King
Published on:
Nov/28/2011
Toby Maguire High Stakes Hollywood Poker Games Lawsuit

Actor Toby Maguire and Gabe Kaplan have reportedly reached a settlement agreement in a highly publicized lawsuit involving high stakes Hollywood poker games. 


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CBS News reported that the former "Spider-Man" star “agreed to pay $80,000 to settle the lawsuit filed over more than $311,000 he was paid by a convicted Ponzi scheme operator in Texas Hold 'Em matches that included celebrities, businessmen and others”.  Former “Welcome Back Kotter” star and professional poker player, Gabe Kaplan, has also agreed to pay $26,900 in connection to the scheme. 

A hedge fund manager named Bradley Ruderman is currently in prison for operating the ponzi scheme, defrauding a number of clients.  He has admitted to losing $5.2 million at the poker tables in the past.

Ruderman's company filed for bankruptcy and the trustees were looking for money to pay off victims and creditors.  This included throwing the high stakes underground Hollywood poker games with players the likes of Maguire and reportedly Ben Afleck and Leonardo DiCaprio, though the later two were not specifically named in any court filings.  New York Yankees slugger Alex Rodriguez was also reportedly linked to some of the high stakes games, though he flatly denied these allegations.

- Ace King, Gambling911.com

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