by Teemu - Wednesday, February 20, 2013, Online poker

Chris Ferguson Settles Civil Case With DoJ

Chris Ferguson has been absent from the poker world since Black Friday occurred.

Chris Ferguson has officially come to terms with the US Department of Justice (DoJ) regarding his civil suit.

Ferguson's attorney, Ian J. Imrich, Tweeted Tuesday, that Ferguson had reached a settlement and "anticipates court approval soon".

According to the settlement, money that Ferguson forfeits to the US government will go towards repaying Full Tilt Poker's former US customers, who are still waiting for their money.

Here are the main terms of Ferguson's agreement with the DoJ:

  • Ferguson will forfeit all of the funds in an account dubbed the "Ferguson account" (the amount of money in this account is not known to the public)
     
  • Ferguson will also forfeit an additional amount of $2.35 million, and has 30 days to pay this money.
     
  • Ferguson will forfeit any claim to any potential interest in Full Tilt Poker or any dividends purportedly owed to him.
     
  • Ferguson agrees not to work for an unlicensed online gaming site in the U.S.
     
  • Ferguson admits no wrong doing
     

In addition to Ferguson, Howard Lederer and Rafe Furst have all settled with the US government, while the former CEO Ray Bitar is waiting trial in the United States.

The entire settlement can be viewed here.

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