In September, the United States Attorney’s Office in the Southern District of New York accused Ferguson, along with Howard Lederer, Rafe Furst and CEO Ray Bitar, of defrauding poker players out of $440 million.
In the aftermath of the site’s shutdown, the French investment firm Groupe Bernard Tapie has been working toward acquiring the defunct business for $80 million. The DOJ has yet to confirm negotiations, but reports surfaced in the fall that an agreement has been reached.
According to Imrich, Groupe Bernard Tapie’s deal with the DOJ is moving along.
“Based on what Chris and I are hearing from the parties, the deal should be done within the first half, if not the first quarter, of this year,” Imrich said.