Photo Credit: Frederick Breedon/WireImage
One of the reasons Tobey Maguire is such a great poker player is that he knows when to hold 'em, and he knows when to fold 'em. Taking the latter route, the 36-year-old Spider-Man star has agreed to pay $80,000 of the $311,000 he allegedly won from convicted Ponzi schemer Brad Ruderman in a series of high-stakes underground poker games.
Maguire was one of 22 people sued back in June for allegedly relieving Ruderman, formerly the CEO of Ruderman Capital Enterprises, of his clients' money during clandestine no-limit Texas Hold 'em games also attended by the star-studded likes of Matt Damon, Ben Affleck and Leonardo DiCaprio. (These other celebs weren't sued, which probably means that Ruderman took their money.)
According to The Hollywood Reporter, particulars of Maguire's settlement were revealed in papers filed in bankruptcy court last Wednesday by several of Ruderman's ex-clients, who claimed that Maguire won more than $300,000 of their money off Ruderman during the $100,000 buy-in games.
Per the settlement, Maguire avowed that to the best of his knowledge he hadn't won more than the $80,000 from Ruderman, nor did he have any knowledge of Ruderman's Ponzi scheme.
Though a trustee for Ruderman's clients believes that Maguire is getting off light with the $80,000 payout, the court papers state that Ruderman's clients agreed to the settlement to avoid further litigation costs.
Maguire signed the settlement on Nov. 18, but it won't go into effect until it is approved by a judge, who has set a hearing date of Dec. 21 to consider the motion.
Ruderman, who allegedly lost $25 million of his clients' money in the games, is currently in prison in Texas until 2018, having been convicted on two counts of wire fraud and two counts of investment adviser fraud. If he's smart, he's avoiding those inmate poker games at all costs.