Full Tilt's Ferguson Settles with DOJ Pending Court Approval

Chris Ferguson
Chris "Jesus" Ferguson

Former Full Tilt Poker board member Chris “Jesus” Ferguson has reached a settlement with the U.S. government according to his lawyer Ian J. Imrich.

The settlement will see Ferguson pay back at least $2.3 million along with all the cash in an account simply referred to as the “Ferguson Account.” At one point the U.S. government was seeking $42 million from Ferguson. 

Imrich has posted the entire settlement on jdsupra.com but here are some of the highlights:

  • Ferguson’s funds will contribute to getting U.S. Full Tilt players paid back.
  • He admits no wrongdoing and contends that he was unaware of any wrongful activity by Full Tilt or that the company had become unable to satisfy player account liabilities.
  • Ferguson forfeits to the government any remaining interest in Full Tilt Poker.
  • He agrees not to file any claim or petition for restoration of the Ferguson Accounts Funds.
  • Ferguson has also agreed to not work for, or derive money from, any business offering unlawful Internet poker or gambling in the U.S.
  • It's unknown exactly how much Ferguson will pay back but it will be at least $2,350,000.

Ferguson, along with other Full Tilt owners, was charged with running a Ponzi scheme after the site was unable to pay back players after Black Friday.

The amended civil complaint alleged that Ferguson, along with Howard Lederer and Rafe Furst had “lined their pockets with funds from their most loyal costumers while blithely lying to both players and public alike about the safety and security of the money deposited."

Ferguson, easily one of the most well-known poker players in the world, has not been seen on the poker circuit since Black Friday on April 15, 2011.

assets/photos/authors/_resampled/croppedimage6060-arthur-crowson.jpg
About Arthur Crowson

Arthur has been involved exclusively with the poker industry since the 2006 World Series of Poker where he still claims to have captured the first interview with a then-unknown player named Jamie Gold on one of the days leading up to the Main Event final table. Since then Arthur has been working full-time for PokerListings.com writing news stories, covering poker tournaments, interviewing players and capturing it all with his trusty Canon camera.

You May Also Like

assets/photos/_resampled/croppedimage12580-ftplogo.jpg

Another $5 Million Paid Out to U.S. Full Tilt Players

The latest round of Full Tilt Poker remission payments has been sent out with 2,200 players receiving approximately $5 million.

03 April 2014
assets/photos/_resampled/croppedimage12580-images.jpg

Report: DOJ Approves Release of $82m to 30,000 Full Tilt Players

It’s taken years longer than expected but it appears tens of thousands of U.S. Full Tilt Poker players are finally within breathing distance of getting...

22 January 2014
assets/photos/_resampled/croppedimage12580-Affiliate-Awards-Logo.jpg

PokerListings Shortlisted for 2014 iGaming Affiliate Awards

PokerListings.com received a nod from the 2014 iGaming Affiliate Awards in the category of Best Poker Affiliate, along with ten other top online poker...

09 December 2013
assets/photos/_resampled/croppedimage12580-AtlanticCityNJnight.jpg

Expansion Bill Ready with New Jersey Online Poker Imminent

Sen. Ray Lesniak will introduce a bill on Thurday that would allow licensed operators in New Jersey to offer wagers to any countries where online...

20 November 2013

Please fill the required fields correctly!

Error saving comment!

You need to wait 3 minutes before posting another comment.

Comment added. Thank you!

j.dot 2013-02-20 17:11:07

So they all get off?