Tobey Maguire sued over multi-million underground poker ring

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I knew I would regret not yet seeing Rounders. Tobey Maguire has been sued by a victim of a ponzi scheme artist who embezzled investor funds to run extremely high stakes underground poker games with celebrity rollers like Tobey, Matt Damon, Leonardo DiCaprio and Ben Affleck. Tobey was one of the major winners of the games, which were held biweekly at suites in luxury hotels. He’s being sued along with other winning participants in an attempt to recoup investor money. Maguire is estimated to have made up to tens of millions of dollars from these poker games, funded illegally by unwitting investors. The lawsuit has him winning over $300k, but a source estimates it at around $1 million a month for nearly three years. And I thought Ben Affleck was the big gambler. Affleck, Damon and DiCaprio also took part in the games, according to a named source, but they didn’t win much and are not being named in a lawsuit. This is a story about to break in Star Magazine, and Radar has the details. They make the games sound so underground and high security, I can hear Oceans 11 music playing in the background. (Actually I’m listening to this song now, so it fits.) I can see Damon and Affleck sauntering jokingly into the low-lit rooms in slow mo while Tobey sits there after a 14 hour bender, seething and determined to win back his money and them some. DiCaprio probably bailed after he lost a few times.

Spider-Man star Tobey Maguire is among more than a dozen high-profile Hollywood people being sued in connection with a mega-millions illegal gambling ring that ran high-stakes underground poker games, Star magazine is reporting exclusively.

An FBI investigation into Brad Ruderman, the CEO of Ruderman Capital Partners, uncovered how he lost $25 million of investor money in clandestine poker games held on a twice weekly basis in suites at the luxury Beverly Hills hotel, Four Seasons, and the Viper Room on Sunset Boulevard.

Tinsel town A-listers Leonardo DiCaprio, Ben Affleck and Matt Damon also played in the no-limit Texas Hold ’em games which had a buy-in of $100,000, multiple members of the ring told Star. DiCaprio, Affleck and Damon are not being sued.

Others who were part of the secret society and are facing hefty lawsuits include billionaire businessman Alex Gores, The Notebook director Nick Cassavetes, Welcome Back, Kotter star Gabe Kaplan, Paris Hilton’s infamous sex tape partner, Rick Salomon, record label owner Cody Leibel and Las Vegas nightlife entrepreneur and real-estate developer Andrew Sasson, among others.

Now, as Ruderman sits in a Texas jail until 2018, convicted on two counts of wire fraud and two counts of investment adviser fraud, lawyers for the clients whose funds he embezzled are filing a series of civil suits against those who won big in the illegal poker dens, in the hope of recouping some of their lost savings.

The games were “exclusive events, by invitation only, and that there was a regular roster of players consisting of wealthy celebrities, entrepreneurs, attorneys and businessmen,” according to the lawsuit filed against Maguire in the United States Bankruptcy Court, in Los Angeles.

Ruderman lost $311,300 to Maguire, including one losing hand of $110,000, on July 30, 2007, it’s claimed.

The Ponzi mastermind used clients’ money to “pay for gambling losses at clandestine, high stakes poker games that were operated without any licenses or permits,” the suit said.

“As part of the scheme, funds invested in (Ruderman) were transferred to persons such as Defendant (Maguire), who received the funds on account of Ruderman’s gambling losses and on account of Defendant’s gambling winnings.”

In their attempt to win back Ruderman’s losses, the trustee has claimed Maguire is “not entitled to receive the transfers from the Debtor, which transfers were compromised of improperly-diverted investor funds.”

In a deposition of the alleged ringleader of the operation, which took in tens of millions of dollars beginning in 2006 through 2009, Maguire is described as a “very, very frequent player,” in the games, which ended in 2009.

Maguire won as much as $1 million a month over a period of three years, one source told Star, which is on newsstands Wednesday.

“That means he could have made up to $30 to $40 million from these games,” the whistle-blowing card shark predicted.

Under California law, it’s illegal to play for money at underground poker clubs, although it is a crime rarely prosecuted. None of the participants are under criminal investigation, Star has been told.

Indeed, it’s understood Maguire has hired an attorney to strenuously defend the allegations against him, who will argue the games were not illegal.

In a world exclusive investigation, Star detailed how the A-list aces used secret passwords to play in the covert games that were so intense, the door was manned by armed guards in bulletproof vests.

Inside the rooms, tucked away in different locations around Los Angeles, high-rollers laid down wads of cash on felt-top tables presided over by professional dealers who were part of the operation’s hierarchy.

One of the participants, Dan Bilzerian, told Star that he regularly played against DiCaprio, Affleck and Maguire.

Damon, according to Bilzerian, played irregularly.

While Affleck, who won an Academy Award for his screenplay Good Will Hunting, impressed players with his poker skills, both DiCaprio and Damon did not fair as well, Star reported.

“Matt never won,’’ another whistle-blowing player told the magazine.

“In truth, Leo is a tight ass. When he lost $50,000 the look in his eyes was obvious he was crazy.”

[From Radar]

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So does this partially explain why Tobey is the new reluctant face of Prada? The dude is running scared, afraid he’ll be forced to open up his bank account to pay back some of his ill gotten gains. If this article is accurate, he may have made nearly as much money playing poker as he did from playing Spiderman. It sounds like he worked longer and harder at it too.

As bad as it sounds, this story made me think “well at least these dudes were just gambling illegally and weren’t off hiring hookers.” That’s not to say those two things are in any way mutually exclusive. They go together like cookies and milk.

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Tobey is shown in November and December, 2010 with his wife, Jennifer Meyer and their two daughters. Credit: WENN.com and Fame. Ben and Matt are shown playing poker in a charity tournament in 2009.

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21 Responses to “Tobey Maguire sued over multi-million underground poker ring”

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  1. gee says:

    Isn’t this just like a poker night but for rich kids? And I’m sure he’s worth enough to pay back that money and then some. The families duped by the a*shole who stole from them would be motivation enough for me to just fork over the money.

  2. brin says:

    That’s some high profile sting. Now that it’s out in the open, these celebs need to pay back the investors and ante up their own money for charity.

  3. CandyKay says:

    Who knew that Gabe Kaplan of “Welcome Back Kotter” had that much money?

    Anyway, at a time of economic hardship for so many, this reminds me of French aristocrats playing cards at Versailles while the Parisian workers starved. Paging Karl Marx.

  4. mln76 says:

    This proves my point about these ‘family men’ (I still love Matt Damon). There are some serious secrets in Hollywood the tabs never report on because they are always caught up in the B.S. that sells. I would love to know what went on at those poker games. Of course there were high end hookers there. But we all know this will settle out of court with a non-disclosure agreement 😉

  5. Kaboom says:

    I am a it doubtful about the password bit. If Matt Damon arrives and says he’s here for the poker game I’m quite confident the door guys let him in, password or no password.

    Is there precedence of casinos having to pay back money they obtained from players who embezzled it?

  6. P.M. says:

    The whole thing is a stretch. The winning a million a month for 3 years, no one has that good of a run for that long. And if Ruderman bought a car with embezzeled money are they going after the dealership?

  7. Melissa says:

    Who cares? This kind of thing shouldn’t be illegal. The only reason they are able to go after these celebs is because the poker games were illegal. So if I embezzle from my company and by a diamond ring from Tiffany’s,they can’t go after them, but they can go after some schmuck that I bought a dime bag off of? Ridiculous. I feel sorry for the investors who lost the money, but go after this guys assets – real estate, etc. – he must have something.

  8. KimnotKardashian says:

    Why would you go into a high-stakes game with Tobey Maguire? The dude has Spiderman money and no expression other than “poker face.”

  9. REALIST says:

    Jeez, I though Tobey was a stand up guy. Another celebrity perception shattered.

  10. rtms says:

    I don’t see this case lasting at all.Sue the guy who embezzled the money but sue someone who rightfully didn’t know? Long stretch there. All Toby has to say is that he honestly didn’t know who or how the games were funded, only that he went to play. Off the hook, they can’t sue him if he didn’t knowingly take advantage of the guy’s embezzled money.

  11. nikki says:

    totes agree with Melissa

  12. Sakyiwaa says:

    Whoa! i can’t believe it!

  13. Turtle Dove says:

    This is a non-story to me. I don’t get the illegality of gaming with friends. I guess Cali wants it’s cut in any winnings, so they’ll litigate I’m sure. Tobey will be paying the piper on the cash he received from Ruderman. It’s a forgone conclusion.

    I don’t look down on any of the guys for their little “tête-à-têtes” or the cash they threw down. With the bank they pull they can afford it. Plus, none of these dudes knew that ‘ponzi’ money was being laid down, so I don’t fault them.

    I call ‘yawn’ on the whole affair.

  14. bananapanda says:

    Wait it’s not like Tobey stole the money. Buy-in for the games was $100k and the financier had a gambling problem and LOST at poker repeatedly, for a long time. This case doesn’t hold water.

  15. Oh Hell!!! Now how am I going to spend my Saturday nights..!!

  16. jinni says:

    I don’t believe that Tobey should be sued or has any obligation to return the money. How was he supposed to know that this guy was taking investors money and using it. These investor just have to cut their losses and accept the fact that when you put your money in other peoples hands sometimes they screw you over, it’s the name of the game.

  17. RovingLass says:

    http://www.thesmokinggun.com/documents/celebrity/swindlers-celeb-clients-big-payback

    Funny how his payouts come from other people’s money, even back in 2003.

  18. ctkat1 says:

    HA! I had the same thought- “well, of all the vices that rich movie stars could indulge in, high-stakes poker games are probably the lease offensive.”

    They may have all hit the strip club/brothel afterwards, but it sounds like these poker games were strictly men-only.

  19. Madisyn says:

    There is NO case here. In numerous stories, blogs, and articles it say in California a group of people can get together and gamble, as long as “the house” doesn’t take a rake. The bodyguard and dealers were probably very well taken care by the high rollers actually playing the game. As for the room, they probably rotated paying, just like “regular” people do, each hosting the game at their house, providing the food, and the like. If the dealers or body guards hosted the game, then they are liable, not the players. They’re only going after Maguire because he won the most and is a public face. No case here.

  20. LBeees says:

    The quiet ones always surprise you.

  21. Athena says:

    Toby doesn’t have two daughters he has one daughter Ruby and a SON Otis that he is holding.