On September 19, Subject: Poker reported that the US Attorneys office for the Southern District of New York amended the civil complaint originally unsealed on Black Friday to include allegations against three additional board members of Full Tilt Poker, Howard Lederer, Chris Ferguson, and Rafe Furst. Now, Subject: Poker has learned that warrants have been issued to seize the assets of these three men.
The newly named civil defendants, Howard Lederer, Chris Ferguson, and Rafe Furst, along with previously named Ray Bitar, were charged with money laundering allegations in the amended civil complaint. Included in those allegations were dollar amounts that those board members had collected from FTP during their tenure in the form of distribution payments and profit sharing: From April 2007 to April 1, 2011, the DOJ alleges that Tiltware LLC’s owners received approximately $443,860,530 in such payments, including at least $41 million to Ray Bitar, at least $42 million to Howard Lederer, and at least $11.7 million to Rafe Furst. Chris Ferguson was allegedly allocated at least $85 million, but reportedly only received $25 million of that, with the rest of the balance listed as owed to him. The remaining balance of the $ 443,860,530 was disbursed to the other owners.
Subject:Poker can now confirm that the funds specified in that amendment as having been transferred to these “FTP Insiders” were listed for seizure on September 19th. The FBI and other law enforcement personnel have been authorized to take control of any funds in the following accounts:
- All funds and other property on deposit in account numbered GB81 RBOS 6095 4234087766 held at NatWest, in the name of Raymond Bitar, and all funds traceable thereto;1
- All funds and other property on deposit in account numbered 7655741861 held at Wells Fargo Bank N.A. in the name of HH Lederer Consulting LLC, and all funds traceable thereto; and
All funds and other property on deposit in account numbered GB56LOYD30166314010402 held at Lloyds TSB International, Isle of Mann, in the name of Howard Lederer, and all funds traceable thereto;
- All funds and other property on deposit in account numbered 40039049628 held at Citibank N.A., in the name of Chris Ferguson, and all funds traceable thereto; and
- Account numbered CH87 0875 5057068400100 held at Pictet & Co Bankers, Switzerland, in the name of Telamonian Ajax Trust, and all funds traceable thereto.