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Tobey Maguire Decides To Fold His Hand In Illegal Poker Lawsuit

By | Published on November 28, 2011
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Tobey Maguire has settled a lawsuit which accuses him of winning more than $300,000 in stolen money from currently jailed Beverly Hills hedge-fund manager, Brad Ruderman, as part of an illegal poker ring operation.

The Hollywood star has decided to pay $80,000 in restitution in order to be dropped from ongoing investigations.

The initial lawsuit was filed in a federal Bankruptcy Court in California back in March. A trustee for the victimized investors filed the suit, while on a mission to get back the money the actor had won in several private high stakes Texas Hold ‘Em gatherings held by Ruderman.

The con-man is currently serving a 10-year sentence after being convicted of investment fraud and wire fraud. Ruderman was accused of assembling a Ponzi scheme that stole more than $25 million in investor funds to pay off his poker debts.

Money that Maguire won in the poker games was schemed gains that Ruderman embezzled from his clients. The movie star claims that he had no knowledge of where Ruderman got the funds.

The trustee accepted Maguire’s 80 grand settlement instead of going through the lengthy court process.

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