Poker Site Full Tilt Accused Of $440M Scam

Law360, New York (September 20, 2011, 7:19 PM EDT) -- The U.S. Department of Justice on Tuesday in New York accused the owners of Full Tilt Poker — already facing criminal charges for alleged bank fraud — of running the online poker site as a Ponzi scheme and skimming off $440 million in user funds.

Full Tilt and its owners, including professional poker players Howard Lederer and Christopher Ferguson, allegedly defrauded players by pretending money in their accounts was covered when the funds were being funneled to board members and other owners, according to an amended civil complaint the DOJ...
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