As part of this week's settlement,
Lederer contends that Full Tilt Poker
was a "legitimate business providing
services to its customers within the
bounds of the law, and that prior to
April 15, 2011, he was unaware of
any wrongful activity at Full Tilt Poker
including that the company had become
unable to satisfy its player account liabilities."
He also admits no wrong doing in the matter.
Lederer will forfeit funds in a Isle of Man-based
bank account, properties in Las Vegas, and a
1965 Shelby Cobra roadster. He also agreed
to the entry of a civil money-laundering penalty
judgment in the amount of $1.25 million,
all of which must be paid within three years.
Source: http://www.pokernews.com/news/2012/12/howard-lederer-settles-civil-case-with-sdny-14032.htm
Lederer contends that Full Tilt Poker
was a "legitimate business providing
services to its customers within the
bounds of the law, and that prior to
April 15, 2011, he was unaware of
any wrongful activity at Full Tilt Poker
including that the company had become
unable to satisfy its player account liabilities."
He also admits no wrong doing in the matter.
Lederer will forfeit funds in a Isle of Man-based
bank account, properties in Las Vegas, and a
1965 Shelby Cobra roadster. He also agreed
to the entry of a civil money-laundering penalty
judgment in the amount of $1.25 million,
all of which must be paid within three years.
Source: http://www.pokernews.com/news/2012/12/howard-lederer-settles-civil-case-with-sdny-14032.htm
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