PokerStars founder Scheinberg surrenders to US authorities

27 January 2020

Isai Scheinberg, the founder of online poker giant PokerStars, has travelled to the US to face charges of gambling, bank fraud and money laundering first filed in 2011. 

According to Forbes, Scheinberg flew to New York from Switzerland, where he is based, earlier in January after the US authorities began extradition proceedings against him. He has been released on $1m bail, and has agreed to remain in the US until the case is heard. 

He is the last individual to be indicted in the crackdown against igaming sites targeting US customers in April 2011 to face the charges against him. All others have pleaded guilty to either misdemeanours or felonies.

The original indictments, which led to the shut-down of US-facing sites such as PokerStars, Full Tilt Poker and Absolute Poker and Ultimatebet operator Cereus, were unsealed on April 15 2011, a day that became known as Black Friday by the poker community.

Read the full story on iGB North America.