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Poker News | Gambling and the Law

Chris Ferguson awaits approval in settlement filed with SDNY

Chris Ferguson
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Ian J. Imrich reported on Tuesday that Chris Ferguson filed for settlement with the United States Court Southern District of New York; Imrich once served as general counsel for Full Tilt Poker. Imrich went to twitter to send the link to the settlement papers, featuring the following:

  • Ferguson agrees to take all necessary steps to facilitate the immediate transfer of the "Ferguson Account Funds" to the U.S. Marshal Service.
  • Ferguson agrees to forfeit an additional $2,350,000 within 30 days, deemed the "Additional Funds."
  • Ferguson agrees to forfeit to the Government any remaining interest in, or claim to, dividends purportedly owed to him by Full Tilt Poker, deemed the "Full Tilt Poker Funds."
  • Ferguson agrees not to work for an unlicensed online gaming site in the U.S.
  • Ferguson admits no culpability, liability or guilt.

The signatures from Ferguson and his representatives Jonathan Harris and Julie Winters are at the end of the document. Imrich also reported that Ferguson "anticipates court approval soon" from the Hon. Judge Kimba M. Wood.

December 2012 found Full Tilt Poker owner Howard Lederer settling with the SDNY. Lederer had to forfeit a 1965 Shelby Cobra roadster, $1,250,000 and several accounts in his name. Lederer, like fellow Full Tilt Poker owner Ferguson, admitted to no culpability, liability, or guilt.

Full Tilt Poker's former board member Rafe Furst settled with the SDNY in November of 2012.

Update (February 22nd - 11:10 PT): Ian Imrich tweeted that the Hon. Judge Kimba M. Wood approved Ferguson's settlement agreement.

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