Mark Scheinberg who is the CEO of PokerStars & the parent company Rational Group has signed a settlement agreement with the United States Department of Justice.
As part of the settlement Mark will forfeit $50,000,000 which will settle all outstanding charges against him.
Here is an excerpt from the settlement agreement :
Mark Scheinberg agrees to forfeit to the United States the sum of $50 million (the “Forfeited Funds”), as full and final resolution of any and all claims by the United States as set forth in paragraph 7.
He also did not admit any wrongdoing which could possibly allow PokerStars to be excluded from the bad actor clause that is in effect in Nevada:
This Consent Order of forfeiture shall in no way be deemed
an admission of any wrongdoing , culpability , liability , or guilt on behalf
of Mark Scheinberg or any of his respective agents or employees, past and
present.
