The second US Department of Justice civil claim amendment against former Full Tilt Poker shareholders and executives seeks forfeiture of a total $137 million in assets acquired through the use of funds from an illegal enterprise.
In the latest litigation former CEO Ray Bitar, along with Howard Lederer, Chris Ferguson and Rafe Furst are named to be the beneficiaries of tens of millions of dollars paid out in distributions by Full Tilt Poker.
The Illegal Gambling Act, the Wire Act, and even the Travel Act were all included to argue that moneys were flowing from an illegal enterprise including illegal online gambling, money laundering, bank fraud, travel, wire fraud and racketeering and should therefore be seized.
The new attack divides up the distribution of funds to be forfeited as:
Ray Bitar – $40.8 million
Rafe Furst – $11.7 million
Chris Ferguson – $42 million
Howard Lederer – $42.5 million
According to court documentation the authorities have carried out detailed research trying to establish where the money went over the four-and-a-half years prior to Black Friday – when the DoJ shut down Full Tilt.
The findings were as expected: Lederer is alleged for using Full Tilt to fund personal accounts, buy luxury motor vehicles, invest in pension funds, buy upmarket properties and pay off mortgages, and Bitar was also interested in property, with court documents listing two luxury homes and other investments.
On top of everything, the Department of Justice asks for the award of legal costs.