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Thursday, 23 June 2011 - Tobey Maguire sued over poker winnings |
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    Edition: U.S. Article Comments (1) Follow Reuters Facebook Twitter RSS YouTube Read WRAPUP 5-Democrats push for jobs package in debt deal 22 Jun 2011 Women can't keep breast implants for life: FDA 22 Jun 2011 Tobey Maguire sued over poker winnings 22 Jun 2011 Obama moves toward exit from Afghanistan | 22 Jun 2011 UPDATE 2-No damage reported from Japan magnitude 6.7 quake 22 Jun 2011 Discussed 120 CBO sees government benefits swamping U.S. economy 48 Weiner tells friends he will resign: NY Times 48 IMF cuts U.S. growth forecast, warns of crisis Watched Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 Airbus A380 damaged at Paris Air Show Mon, Jun 20 2011 Paris shows aviation innovation Wed, Jun 22 2011 Tobey Maguire sued over poker winnings Tweet Share this Email Print Related News "Mad Men," "Modern Family" honored by TV critics Tue, Jun 21 2011 Wal-Mart wins Supreme Court sex-bias ruling Mon, Jun 20 2011 Supreme court rejects global warming lawsuit Mon, Jun 20 2011 Lenny Dykstra pleads innocent in L.A. car theft case Thu, Jun 16 2011 Bono's "Spider-Man" musical still weak, critics say Wed, Jun 15 2011 Analysis & Opinion Supremes show fund bosses how to skirt fraud suits Something smells funny around Yankee Stadium Related Topics Entertainment » Fashion » People » Actor Tobey Maguire speaks at The Film Society of Lincoln Center's 2010 Chaplin Award Gala honoring award-winning actor and producer Michael Douglas in New York City May 24, 2010. Credit: Reuters/Jessica Rinaldi By Steve Gorman LOS ANGELES | Wed Jun 22, 2011 7:43pm EDT LOS ANGELES (Reuters) - A group of investors has sued "Spider-Man" star Tobey Maguire to recoup more than $300,000 they say a hedge fund manager embezzled from them and lost to the actor in high-stakes poker games. The lawsuit stems from the criminal case against Bradley Ruderman, the chief executive of Beverly Hills-based Ruderman Capital Partners, who was sentenced to 10 years in federal prison in January for an investor Ponzi scheme he ran from 2003 to 2009. Ruderman pleaded guilty last August to wire fraud and investment adviser fraud, admitting that he embezzled millions of dollars of his clients' money to spend on lavish personal expenses, including $5.2 million he lost in clandestine poker. According to the lawsuit, Ruderman was a regular player in a series of exclusive, and illegal, "Texas Hold'em" games held for celebrities and wealthy Hollywood business figures at various luxury hotels and private homes in L.A. and Beverly Hills. Another participant in those games, the lawsuit says, was Maguire, who is alleged to have won more than $311,000 from Ruderman that the hedge fund manager siphoned from the investments of his clients. The court-appointed trustee for former investors in Ruderman's fund claims in his suit that Maguire is not entitled to keep the winnings because the payments to him constituted "fraudulent transfers" of their money. The suit, filed in federal bankruptcy court in Los Angeles in March, came to light on Wednesday after it was posted by celebrity news website Radaronline.com. According to Radaronline, the invitation-only, no-limit clandestine poker games were held twice a week with a buy-in of $100,000, and Ruderman's gambling debts to Maguire included a single losing poker hand of $110,000 in July 2007. Representatives for Maguire, who has starred in such films as "Seabiscuit" and "Cider House Rules," in addition to his title role in three "Spider-Man" movies, could not immediately be reached for comment. The trustee and lawsuit's plaintiff, Howard Ehrenberg, told Reuters he has filed 15 such court actions in all in connection with Ruderman's gambling debts, seeking to recover a total of $5.2 million for investors. Others being sued by Ehrenberg include film director Nick Cassavetes, "Welcome Back Kotter" TV star Gabe Kaplan and Paris Hilton's onetime sex video partner, Rick Salomon. (Editing by Bob Tourtellotte) Entertainment Fashion People Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) shadowL wrote: So if I’m swindled out of money I should sue the people that ended up with the money not the swindler. If thats the case maybe they should include banks,( house payments,car loans) insurance companies, (life, health, auto) and any other person, or company that Ruderman did any business with as well. He couldn’t have spent it all on poker. Jun 22, 2011 12:46am EDT  --  Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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