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Tobey Maguire & Poker

June 23, 2011 by Post Team 

Tobey Maguire & PokerTobey Maguire & Poker, Celebrities who made much money in secret high-risk poker games in luxury hotels in Beverly Hills were paid with funds stolen from investors who had been lured into an illegal Ponzi scheme, a series of federal lawsuits says.

Actors Tobey Maguire, Nick Cassavetes, and Gabe Kaplan, along with professional poker player Dan Bilzerian, two nightclub owners and an attorney from Los Angeles are among the least 11 people being sued by a bankruptcy trustee.

None of the defendants in civil suits are facing criminal charges, but must return at least and 1.5 million of his gambling winnings or alleged to present their case for the money in court.

What each defendant allegedly has in common is that they beat Bradley Ruderman in “regularly held, high-stakes underground and” Texas Hold ‘em poker games’, “held in various hotels and houses in the area of?? Beverly Hills.

Ruderman, 48, is serving 10 years in federal prison for tax convictions, wire fraud and investor advice.

“Ruderman induced at least 22 victims, investors will give approximately 44.3 million and” was never invested a lawsuit. Ruderman, a resident of Beverly Hills, that money is used partly to cover his gambling losses, he said.

The lawsuits contend that poker games are “exclusive events, by invitation only, and that there was a list of regular players consisting of rich celebrities, businessmen, lawyers and businessmen.”

The games also unlicensed and illegal, so “the player had no legally enforceable contractual right to receive payment,” the suit.

The lawsuits were filed by the trustee in bankruptcy that creditors are trying to Ruderman is part of their money back.

“Spider-Man” actor Toby Maguire and won 311,200 of Ruderman at the poker table, suing Maguire said. The money was sent to him through seven bank transfers between June 2007 and May 2008, he said.

A spokesman for Maguire declined to comment to CNN, and his lawyer has not yet submitted a response to demand.

The trustee is suing actor-director Nick Cassavetes and the 73,800 who supposedly won playing poker with Ruderman, according to court documents.

The other defendants also have not responded to CNN’s requests for comment.

Gabe Kaplan, the star of the 1970 series “Welcome Back, Kotter”, is being sued by 62 thousand and Ruderman paid the trustee claims after playing poker. Poker skills Kaplan are well known for his appearances on television frequently in professional gaming events.

Dan Bilzerian, a great professional poker player known as “Blitz,” Ruderman and 100,000 won for what the bankruptcy trustee wants back, according to court documents.

No criminal investigation into the alleged gambling, said a spokesman for the Attorney of Los Angeles County District.

“Gambling is illegal, but it is a misdemeanor,” said Sandi Gibbons.

The office of City Attorney of Los Angeles, pursuing misdemeanor, not aware of any criminal investigation, a spokesman said Wednesday.

The court papers to pull the curtain a bit on what is done mostly behind closed doors by the rich and well known in Beverly Hills.

The poker games are “held at luxurious places like the Four Seasons Hotel in Los Angeles, California, the Beverly Hills Hotel in Beverly Hills, California, the Peninsula Hotel in Beverly Hills, California, and sometimes in private residences poker players’ demands, he said.

None of the hotels that comment on the allegations when contacted by CNN on Wednesday.

The games were “organized by Molly Bloom at first (as) an assistant to one of poker players and then as an independent business,” court documents said. Bloom arranged “food, alcohol and massage” for the players and “ready for settlement of gains and losses from gambling and the players.”

Bloom, who is being sued by the trustee of 473,200, and declined in response to the court that she was involved in organized illegal gambling. He acknowledged, however, “the services performed and Ruderman value received in good faith in exchange for their services.”

Bloom spent “a large percentage” of money sent to her by Ruderman “third parties”, said her answer.

Ruderman Ponzi scheme lasted seven years, from 2002 and ending with an FBI investigation in 2009, according to court documents.

“For investments in the fund, Ruderman misled potential investors that Lowell Milken (president of the Milken Family Foundation and younger brother of Michael Milken) and Larry Ellison (CEO of Oracle Corporation) were investors in the funds,” Federal court documents said.

Ruderman always false accounting statements claiming that their investment in these funds earned between 15% and 61% each year, reaching a value of more than 800 million, according to documents. “In reality, the funds lost millions of dollars over the years and had a net liquidation value of children and 650,000 at the end of 2008,” said documents.

It was a year after the fall of funds in April 2009, months after Ruderman pleaded guilty in January 2010, the bankruptcy trustee discovered the large transfers of money from the funds to pay his gambling debts, the demands, he said.

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