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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 :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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