Saturday, 28 November 2015
Last updated 1 day ago
Nov 29 2011 | 9:21am ET
Actor Tobey Maguire has agreed to surrender a substantial chunk of his winnings from high-stakes poker games run by a hedge fund fraudster.
Maguire settled the lawsuit filed by the receiver in the Bradley Ruderman case for $80,000, less than the $311,000 originally sought. In the suit, trustee Howard Ehrenberg said that Maguire won the money in games organized by Ruderman in 2007 and 2008.
Maguire had originally responded that he did nothing wrong and shouldn't have to return money fairly won from a man who turned out to be a Ponzi schemer. He also noted that he lost almost $170,000 in the games, against his $311,000 in winnings.
Ruderman is serving more than 10 years in prison for defrauding investors of $38 million.
Maguire wasn't the only celebrity caught up in Ruderman's games. Ehrenberg also sued 21 other people, including 1970s television star Gabe Kaplan and private equity honcho Alec Gores.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…