PokerStars Founder Surrenders to US Authorities

The founder and former owner of PokerStars Isai Scheinberg has finally surrendered to US law enforcement to face trial after charges were filed against him on April 15th, 2011.

Scheinberg was charged with illegal gambling, money laundering, and bank fraud nearly nine years ago related to PokerStars facilitating gambling-related transactions to target Americans. He was one of eleven people charged on that date, with multiple domains seized by the government and effectively shut down. PokerStars eventually settled with the feds, with Scheinberg resigning his post and the company paying out a massive fine, while also absorbing the assets of Full Tilt Poker.

Scheinberg was taken into custody but released on $1 million bail. He also surrendered his passport, keeping him in the United States until the case is resolved. It appears that a plea deal has been negotiated between the parties, seeing as how the executive decided to voluntarily surrender. We're unsure as to what kind of punishment Scheinberg is looking at, but we'll be updating readers as the case develops.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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10 February 2020 - 4:36pm
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Wow, it took 9 years to find the guy, are they sure they want to let him go on bail...?!

Wonder when the guy has been during all that time?

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