New Developments in FTP Case

Justice Department goes after defendants' assets After adding four new names to the civil complaint against Full Tilt Poker, the US Justice Department decided to take a step further and out more pressure to the beleaguered company. This time, the four new names in the civil action, the company directors Howard Lederer, Chris Ferguson, CEO Ray Bitar, and Rafe Furst are to face a warrant 'in rem' for the seizure of five allegedly related bank accounts. The warrant in this case names accounts at various US and offshore banks held by the defendants or their companies, including HH Lederer Consulting LLC and Telamonian Ajax Trust. It is signed by the Honorable Leonard B. Sand, U.S. District Judge for the Southern District of New York, and it addresses "any designated officer of the Federal Bureau of Investigation and/or any law enforcement officer authorized by law." The warrant states that any person in possession of the specified property who is served with the warrant must seize it, and the persons in possession of the property should provider a written inventory of the seized property and the warrant to the Southern District of New York.