Judge approves Jesus settlement
Saturday, 23 February 2013
Kimba Wood, the judge presiding over the agreement reached earlier this week by former Full Tilt Poker board member Chris Ferguson and United States Department of Justice, has given her approval to the settlement.
The news was confirmed by lawyer Ian J Imrich who tweeted, “SDNY Court today approved Chris Ferguson settlement without modification.”
The US Attorney for the Southern District of New York filed a civil suit against Ferguson in 2011 for more than $42 million. The 2000 WSOP Main Event winner agreed a settlement on Tuesday to hand over $2.35 million in cash along with an undisclosed amount contained in a ‘Ferguson Account’ with Citibank in exchange for not having to admit any wrongdoing or liability.
The 49-year-old is now forbidden from working for or deriving any funds from unauthorised US-based Internet gambling sites.
“Ferguson agrees to forfeit to the United States all funds in the Ferguson Account for disposition according to law pursuant to Title 18, United States Code, Section 981, without admitting to any liability thereunder,” reads the settlement.
“This stipulation and order of settlement shall in no way be deemed an admission of culpability, liability or guilt on behalf of Ferguson.”
The full settlement agreement is available here.