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PokerStars signed a deal with the United States District Court

poker startThe Chief Executive Officer for online poker operator PokerStars, Mark Scheinberg, has reached an agreement with the United States District Court for the Southern District of New York that will see him hand over $50 million in exchange for being released from any future claims relating to the ‘Black Friday’ indictments of 2011.

As part of a settlement reached in advance of its purchase of rival FullTilt Poker last year, PokerStars agreed to hand over $731 million to the United States Department of Justice although this latest judgement will not count towards that amount.

The settlement declares that the $50 million will serve as the ‘full and final resolution of any and all claims by the United States’ against Scheinberg, who is the son of PokerStars founder Isai Scheinberg, and ‘shall be forfeited as a full and final settlement in lieu of the PokerStars distributions that the government alleges are subject to forfeiture’.

“This consent order of forfeiture shall in no way be deemed an admission of any wrongdoing, culpability, liability or guilt on behalf of Mark Scheinberg or any of his respective agents or employees, past and present,” read the settlement.

“This consent order of forfeiture is separate from the PokerStars settlement and the forfeited funds shall not be credited toward the PokerStars settlement.”

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