Ponzi scheme that allowed the company to pay out $444 million to themselves and other owners, which included other famous texas hold'em poker players. A lawyer for Ferguson has denied the allegations, suggesting that the issues may have been the result of mismanagement rather than malice. Bitar surrendered to authorities on July 2, 2012, to deal with the civil and criminal case that is
pending against him in New York . On April 15, 2013, Bitar reached a deal with prosecutors to plead guilt to criminal charges, and was sentenced to time served and ordered to surrender his assets, rumored to include various homes and $40 Million in cash.