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The United States Department of Justice and Federal Bureau of Investigation (FBI) have announced that they have been authorized to seize the personal assets of the board members of Full Tilt Poker.
Federal authorities revealed that they received a warrant from Leonard Sand, US District Judge for the Southern District of New York, last week and will now take possession of the personal property of Howard Lederer, Ray Bitar, Rafe Furst and Chris Ferguson.
The warrant will see the government seize accounts held by Lederer with Wells Fargo Bank and Lloyds TSB International while a NatWest account belonging to Bitar will also be taken into custody alongside Ferguson’s Citibank account.
Last week saw Preet Bharara, United States Attorney for the Southern District of New York, describe Full Tilt Poker, which allegedly owes around $440 million to players across the globe, ‘as a massive Ponzi scheme against its own players’. The prosecutor made the claim as he declared that his office had filed legal papers as part of a civil money laundering complaint alleging that Full Tilt Poker had improperly used the funds of online poker players to pay members of its own board.
SOURCE - ENTIRE ARTICLE HERE
Federal authorities revealed that they received a warrant from Leonard Sand, US District Judge for the Southern District of New York, last week and will now take possession of the personal property of Howard Lederer, Ray Bitar, Rafe Furst and Chris Ferguson.
The warrant will see the government seize accounts held by Lederer with Wells Fargo Bank and Lloyds TSB International while a NatWest account belonging to Bitar will also be taken into custody alongside Ferguson’s Citibank account.
Last week saw Preet Bharara, United States Attorney for the Southern District of New York, describe Full Tilt Poker, which allegedly owes around $440 million to players across the globe, ‘as a massive Ponzi scheme against its own players’. The prosecutor made the claim as he declared that his office had filed legal papers as part of a civil money laundering complaint alleging that Full Tilt Poker had improperly used the funds of online poker players to pay members of its own board.
SOURCE - ENTIRE ARTICLE HERE
Never ending story