Former Full Tilt owner and co-founder Chris Ferguson has reached a civil forfeiture settlement this week with the US DoJ in the Southern District of New York. As part of his settlement, Ferguson will forfeit an undisclosed amount of funds from an account at Citibank as well as an additional $2.35 million.
According to court documents, Ferguson doesn’t admit to any wrongdoing with the company and was unaware of any wrongful activity at Full Tilt or that the company had become unable to satisfy its player account liabilities.
The US government was initially seeking $42 million from Ferguson, a five-time World Series of Poker bracelet winner and the 2000 main event champion.
In December 2012, co-founder Howard Lederer settled while other co-defendant Rafe Furst reached a deal in November.
Ray Bitar remains as the only remaining former Full Tilt owner still facing charges.
In the meantime, American poker players are still waiting for their funds which are currently in custody with the U.S. government who has yet to appoint someone to handle the disbursements.