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Entries in Ponzi Scheme (5)

Tuesday
Jun262012

Kelsey Grammer Sued by Former TV Star over Ponzi Scheme

Gregg DeGuire/FilmMagic(LOS ANGELES) -- Kelsey Grammer has been named in a lawsuit brought by former Too Close for Comfort star Lydia Cornell and several other plaintiffs who say they were victims of a Ponzi scheme.

According to RadarOnline.com, Cornell and the plaintiffs claim in the lawsuit, which was initially filed last August but was amended last month to include Grammer, that investors were "taken in" by the scheme, involving the website Staropoly.com, because the man who the complaint says ran it used Grammer's name to promote it.

Grammer's lawyer contends that the former Frasier actor lost $1 million in the scheme, and that if it was billed as "Kelsey's network," "it was done without Kelsey's authorization, and against Kelsey's strenuous objections."

There are more than 100 defendants listed in the $100 million lawsuit.

Cornell played Sara, one of the daughters of Ted Knight's character, in the 1980s sitcom Too Close for Comfort.

Copyright 2012 ABC News Radio

Tuesday
Nov292011

Tobey Maguire Reaches Settlement over High-Stakes Poker Games

Jeffrey Mayer/WireImage(LOS ANGELES) -- Tobey Maguire has reached a settlement in a lawsuit regarding money he received from a convicted Ponzi schemer during high-stakes poker games in Beverly Hills.

The Spider-Man actor has agreed to pay $80,000 to a bankruptcy trustee who's attempting to recover millions allegedly lost by former hedge fund operator Brad Ruderman in the poker games, according to The Hollywood Reporter.  A judge will review the settlement during a court hearing scheduled for Dec. 21.

Twenty-two people in all were sued earlier this year by the trustee, who claimed the poker games held between 2006 and 2009 were unlicensed and illegal, and that the defendants' winnings came from victims of the Ponzi scheme.  As part of his settlement, Maguire states he was unaware of the Ponzi scheme.  He allegedly won over $300,000 in the poker games.

Another celebrity named in the lawsuit, Welcome Back, Kotter actor Gabe Kaplan, reportedly has also reached a settlement in the matter.  The Notebook director Nick Cassavetes is among the defendants who have not settled their cases.  Leonardo DiCaprio and Ben Affleck have also been linked to the poker games, but they were not sued.

Copyright 2011 ABC News Radio

Friday
Jul012011

Tobey Maguire Denies Wrongdoing in Hollywood Poker Games

Jeffrey Mayer/WireImage(LOS ANGELES) -- Tobey Maguire has filed legal documents claiming that he never participated in illegal high-stakes underground poker games, reports TMZ.  

Maguire is being sued by the victims of a now-jailed ponzi scheme architect, claiming Brad Ruderman used their money to pay off huge poker losses he suffered at the hands of celebrities including the former Spider-Man star.  Ruderman reportedly lost more than $300,000 to Maguire in a single hand back in 2007.

Maguire said in the court papers released Thursday that the Texas Hold 'Em games were not "controlled games," which would have required the host to have a license.  He also denied that he was trying to defraud anyone, and his attorney notes that in addition to winning, Maguire also lost $168,500 to Ruderman.  

However, Maguire admitted "that he was invited to participate in the Poker Games," but he denied that there was a "regular roster of players consisting of wealthy celebrities, entrepreneurs, attorneys and businessmen."

Copyright 2011 ABC News Radio

Thursday
Jun232011

Tobey Maguire Sued as Celeb Poker Ring is Revealed

Jeffrey Mayer/WireImage(LOS ANGELES) -- It's like a scene from a movie -- in fact, it is: 2001's Ocean's Eleven featured a sequence where Hollywood stars, playing themselves, faced off in a high-stakes underground poker game.  But Star magazine reports the sequence is very real, and now some celebrities could be in legal trouble because of it.

According to the magazine, Tobey Maguire is being sued by the victims of a now-jailed ponzi scheme architect, claiming Brad Ruderman used their money to pay off massive poker losses he suffered at the hands of celebrities including the former Spider-Man star.

Star reports Ruderman -- once the CEO of Ruderman Capital Partners -- lost some $25 million of his clients' money at a series of secret poker games attended by Hollywood celebrities, including Maguire, Ben Affleck, Matt Damon, and Leonardo DiCaprio. Ruderman reportedly lost more than $300,000 to Maguire in a single hand back in 2007, the magazine reports.

A source tells Star that card shark Maguire "could have made $30 to $40 million from these games," which were protected by armed guards and held at Hollywood hotspots like the Beverly Hills hotel, Four Seasons, and the Viper Room.

Maguire has reportedly retained legal counsel, who insists the games weren't illegal, Star reports.  Other notables named in the suit are director Nick Cassavetes, Paris Hilton's sex tape partner Rick Salomon, and professional gambler and Welcome Back, Kotter star Gabe Kaplan.

Copyright 2011 ABC News Radio

Wednesday
Mar092011

Scorsese Hit with $2.85 Million Tax Bill

Venturelli/WireImage(NEW YORK) -- Legendary director Martin Scorsese was slammed with a nearly $3 million Valentine from the Internal Revenue Service a few weeks ago. The New York Post reports the IRS served Scorsese with a $2.85 million past-due notice on Feb. 14, stemming from unpaid taxes and related interest and penalties Uncle Sam says Scorsese owes.

This is the second celeb this week whose tax troubles have gone public, and sources say both Scorsese's tax troubles and those of Al Pacino both have to do with their former financial adviser Kenneth Starr. Last week, Starr was sentenced to 7.5 years in prison for his alleged involvement in a $33 million Ponzi scheme that involved some Scorsese and Pacino's money.

Scorsese's rep insists the director is square with the government, telling the Post, "The IRS prematurely filed this lien...As of this moment, the entire amount is full paid, and he has no current IRS debts."

Copyright 2011 ABC News Radio







ABC News Radio