According to eGaming Reviewand a document posted on the website of the U.S. Department of Justice, PokerStars CEO Mark Scheinberg has settled for $50 million. The document explains, “Mark Scheinberg agrees to forfeit to the United States the sum of $50 million, as full and final resolution of any and all claims by the United States as set forth in paragraph 7. Said funds shall be forfeited as a full and final settlement in lieu of the PokerStars Distributions that the Government alleges are subject to forfeiture.”

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You can read the latest settlement by clicking here.

According to EGR, “PokerStars CEO Mark Scheinberg has agreed to forfeit the sum of $50 million to the U.S. Department of Justice in a ‘full and final’ settlement of the operator’s dealings in the U.S. after the Unlawful Internet Gambling Enforcement Act was introduced in 2006… PokerStars paid a $731 million settlement fee to the DOJ last year ahead of its takeover of Full Tilt Poker, though the DOJ noted that Scheinberg’s personal settlement ‘will not be credited’ toward this sum.”

According to the documents, in July, PokerStars settled with the DOJ for over $700 million and “denied all wrongdoing and pursuant to… the civil penalty and forfeiture claims.” It adds that Scheinberg “wishes to fully and finally resolve this matter” and received distributions from PokerStars as a shareholder of the company.

Isai Scheinberg, Mark’s father, was one of 11 individuals indicted on Black Friday. His name is not mentioned anywhere in the latest document.

In terms of what Mark Scheinberg will receive from the latest eight-figure payment, the documents state, “United States shall fully and finally release (i) the PokerStars Distributionsand any property traceable to or derived from the PokerStars Distributions; and (ii) Mark Scheinberg; from any and all civil claims of any kind or description based on the allegations of the Complaint and/or the activities of the PokerStars Companies in providing online gaming as alleged in the Complaint.”

Reaction from the poker community was scarce at the time of writing and Scheinberg did not admit any wrongdoing as part of the agreement. The settlement was dated June 5. Stay tuned to PocketFives for the latest.

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