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Full Tilt Poker caught bluffing players out of $440 million

DOJ accuses gaming website’s board of defrauding thousands of players

Who knew Charles Ponzi also was a card shark? The U.S. Justice Department (DOJ) yesterday filed a civil suit accusing professional poker players and owners of online poker website Full Tilt Poker of bluffing its members out of their money.

The suit accuses the gambling website’s board of directors Howard Lederer, Chris Ferguson, Rafael Furst and Raymond Bitar of defrauding its online poker players out of more than $440 million. The government alleges the board misrepresented that players’ funds were safe and available for withdrawal at any time when, in reality, those funds were not available and used to pay the board members and other owners.

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