The U.S. Department of Justice expanded its online gambling crackdown Tuesday when it filed a civil suit against the owners of the website Full Tilt Poker for defrauding thousands of members out of more than $300 million in what it called a “global Ponzi scheme.” The suit alleges that Full Tilt co-owners Christopher Ferguson and Howard Lederer, who double as celebrity poker players, engaged in fraud while running their gambling site. Ferguson, Lederer, Rafael Furst and other executives ran one of the world’s most popular gambling sites.
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DoJ Ups the Ante on Full Tilt Poker With Ponzi Scheme Allegations
Posted by: Rachelle Dragani September 21, 2011 10:32 AMThe U.S. Department of Justice expanded its online gambling crackdown Tuesday when it filed a civil suit against the owners of the website Full Tilt Poker for defrauding thousands of members out of more than $300 million in what it called a “global Ponzi scheme.” The suit alleges that Full Tilt co-owners Christopher Ferguson and Howard Lederer, who double as celebrity poker players, engaged in fraud while running their gambling site. Ferguson, Lederer, Rafael Furst and other executives ran one of the world’s most popular gambling sites.