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Poker Forums => The Rail => Topic started by: 77dave on December 19, 2012, 02:49:22 PM



Title: Lederer settles
Post by: 77dave on December 19, 2012, 02:49:22 PM
report from pokernews

http://www.pokernews.com/news/2012/12/howard-lederer-settles-civil-case-with-sdny-14032.htm


Title: Re: Lederer settles
Post by: jgcblack on December 19, 2012, 05:45:50 PM
report from pokernews

http://www.pokernews.com/news/2012/12/howard-lederer-settles-civil-case-with-sdny-14032.htm

Depending on the property values then it sounds like he's settling for somewhere south of 50% right?


Title: Re: Lederer settles
Post by: I KNOW IT on December 19, 2012, 05:53:26 PM
report from pokernews

http://www.pokernews.com/news/2012/12/howard-lederer-settles-civil-case-with-sdny-14032.htm

Depending on the property values then it sounds like he's settling for somewhere south of 50% right?

The properties were only around  $400 -500k each , even though they were bought for around $1 mill each. Just type the property addresses into Google  :)

He has got off with a near miracle if they originally wanted $40+ millon , as this settlement appears to be absolutely nowhere  near that


Title: Re: Lederer settles
Post by: smashedagain on December 19, 2012, 06:04:30 PM
Will he still be left with millions then. In my experience when the accused agrees a settlement figure under the proceeds of crime then they still have plenty tucked away.


Title: Re: Lederer settles
Post by: I KNOW IT on December 19, 2012, 06:17:34 PM
Will he still be left with millions then. In my experience when the accused agrees a settlement figure under the proceeds of crime then they still have plenty tucked away.

I would say so, especially if he suddenly appears playing in the high stakes games at The Poker King club in Macau  :)


Title: Re: Lederer settles
Post by: The Camel on December 19, 2012, 06:19:57 PM
I sat next to him at the WSOPE a few years ago.

He was betting 100k per match on the NFL.

Doubt this settlement is more than a drop in the ocean to him


Title: Re: Lederer settles
Post by: Delboy on December 19, 2012, 07:32:55 PM
Quote
Lederer's 1965 Shelby Cobra roadster

(http://assets.hemmings.com/uimage/12765929-170-0.jpg?rev=1)

Nice