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Tuesday, November 29, 2011

Tobey Maguire Settles Over Poker Winnings

Tobey Maguire has decided to settle a lawsuit over his winnings from a convicted con man during high-stakes Hollywood poker games. The actor agreed to pay $80,000 to settle the lawsuit filed over more than $311,000 he was paid by a convicted Ponzi scheme operator in Texas Hold ‘Em matches that included celebrities, businessmen and others. Tobey was one of 22 people sued this summer for taking Bradley Ruderman to the cleaners in multiple underground poker games back in 2007 and 2008. Ruderman was arrested soon after for bilking money from his clients. Ruderman filed for bankruptcy and the bankruptcy trustees turned around and sued Maguire, Nick Cassavetes, Gabe Kaplan and others, trying to recoup Ruderman’s gambling losses in an effort to pay his victims back. Ruderman is currently serving a 10 year federal prison sentence after pleading guilty to two counts of wire fraud, two counts of investment adviser fraud and willful failure to file taxes.

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