22 participants in the so-called Hollywood Home Game have reached a settlement to hand over $1.75 million of their winnings to a bankruptcy trustee. The settlement will now mean the end of the case for the celebrities involved in the game.
Following nearly a year of legal quarrels, the so-called Hollywood Home Game case has now come to an end after 22 participants in the game agreed on a $1.75 settlement with bankruptcy trustee, Howard Ehrenberg.
Ehrenberg was trying to collect the losses of convicted con man and former hedge fund manager Bradley Ruderman, who had lost millions of his clients' money in the game.
The money had been lost to a long list of A-list celebrities in games taking place in Beverly Hills hotels, with movie stars Tobey Maguire, Leonardo DiCaprio and Ben Affleck alleged to be among the biggest winners.
Ehrenberg had originally asked the celebrities to pay back $5.2 million to Ruderman's victims, but eventually a $1.75 settlement was reached, effectively closing the case.
"All of the poker cases are now resolved," Ehrenberg told the New York Post.
"We will recover approximately $1.175 million for the benefit of the creditors of the bankruptcy estate," he added.
Ruderman has already been hit with a 10-year prison sentence for cheating investors out of an alleged $44 million, of which he lost several millions to the Hollywood a-listers.