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Mark Scheinberg Settles With DOJ For 50 Million

Wednesday June 12,2013  : POKERSTARS CHIEF SIGNS U.S. FORFEITURE SETTLEMENT
 
Black Friday case resolved without Pokerstars having to admit wrongdoing
 
Pokerstars-Rational Group chief Mark Scheinberg has had to forfeit $50 million to settle Department of Justice litigation arising from the Black Friday shutdowns ..but the company has not had to admit to wrongdoing.
 
A Reuters news agency report Wednesday said the forfeiture was connected to a money laundering lawsuit the online poker company settled last year, according to court documents.
 
Scheinberg had allegedly continued to receive distributions for Pokerstars that were subject to forfeiture, according to an order filed this week in the U.S. District Court in New York.
 
Scheinberg, who had earlier disputed that the money was subject to forfeiture, agreed to the settlement as he "wishes to fully and finally resolve this matter," the order said.
 
The settlement is over and above the $731 million Pokerstars paid in July 2012 to settle the money laundering lawsuit, filed a year earlier by the U.S. Department of Justice.
 
The earlier settlement included $547 million earmarked to reimburse U.S. customers of Full Tilt Poker ahead of that company's acquisition by Pokerstars. US players remain unpaid as the Department of Justice and an outsourced administrator struggle with a refund formula
 
View the court document here: http://docs.justia.com/cases/federal/district-courts/new-york/nysdce/1:2011cv02564/377900/304/0.pdf?ts=1371042038: 



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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