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High stakes illegal casino

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As for how much, the docs say more than $300,000 betweeen 20.

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Problem for Tobey - in California unlicensed poker games are illegal so the winnings are considered ill-gotten. Ruderman - who has already admitted to losing $5.2 million on the poker tables - fell victim to Tobey's card skills. Now here's where Tobey enters the picture.Īccording to the docs, Tobey, Ruderman and others laid down lots of loot in private, unlicensed, high-stakes games at posh hotels in L.A., including the Four Seasons and the Peninsula. Ruderman's company is now in bankruptcy and the trustees are looking for money anywhere they can find it to pay his victims and other creditors.

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But according to legal docs obtained by TMZ, Ruderman was also a not-so-good poker player.

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A hedge fund manager named Bradley Ruderman is currently in prison for operating a ponzi scheme, defrauding a number of clients by essentially stealing from Peter to pay Paul.

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