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Chris Ferguson Settlement With Southern District of NY Approved by Judge Kimba Wood

Chris Ferguson

On Tuesday, Ian J. Imrich, who once served as general counsel for Full Tilt Poker, reported that Chris Ferguson filed for a settlement with the United States Court Southern District of New York. Imrich tweeted out a link to the settlement papers, which feature the following:

  • Ferguson agrees to take all necessary steps to facilitate the immediate transfer of the "Ferguson Account Funds" to the U.S. Marshal Service.
  • Ferguson agrees to forfeit an additional $2,350,000 within 30 days, deemed the "Additional Funds."
  • Ferguson agrees to forfeit to the Government any remaining interest in, or claim to, dividends purportedly owed to him by Full Tilt Poker, deemed the "Full Tilt Poker Funds."
  • Ferguson agrees not to work for an unlicensed online gaming site in the U.S.
  • Ferguson admits no culpability, liability or guilt.

At the end of the document, there are signatures from Ferguson and his representatives Jonathan Harris and Julie Winters. According to Imrich, Ferguson "anticipates court approval soon" from the Hon. Judge Kimba M. Wood.

In December of 2012, fellow Full Tilt Poker owner Howard Lederer settled with the SDNY. Among his forfeitures were a 1965 Shelby Cobra roadster, $1,250,000 and several accounts in his name. Lederer, like Ferguson, admitted to no culpability, liability, or guilt.

Former Full Tilt Poker board member Rafe Furst also settled with the SDNY in November of 2012.

Once Judge Wood makes a decision, PokerNews will promptly provide an update.

Update (6:57 p.m. EST): PokerNews reached out to Harris, who declined to comment.

Update (Feb. 22, 11:16 a.m. EST):Ian Imrich has reported that the Hon. Judge Kimba M. Wood has approved Ferguson's settlement agreement.

Ian J. Imrich, Esq.SDNY Judge Wood approves Chris Ferguson settlement with DOJ.

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