Back in May 2009, hedge fund manager Brad Ruderman was accused of stealing $44M from investors, of which $5.2M allegedly was used to cover losses in a high-stakes Beverly Hills home games.
Turns out he lost more like $25M. And he lost it to the likes of Tobey Maguire in Hollywood home games attended by the likes of Leonardo DiCaprio, Ben Affleck, and Matt Damon.
Now, the Chapter 7 Trustee of Ruderman’s ponzi co./”hedge fund” is suing to get some of that money back.
According to the suit, Ruderman went to invite-only poker games from the Summer of 2006 through March of 2009. The games were allegedly arranged by Molly Bloom (an assistant to one of the poker players) through her Molly Bloom Inc. company and took place at venues like The Four Seasons Hotel in LA, and The Beverly Hills Hotel.
The lawsuit claims that the organized poker games were illegal by California law as Molly Bloom Inc. is not a licensing gaming operator.
Apparently Tobey Maguire put a hurting on Ruderman, as there are over 30 wire transfers from Ruderman to Spidey to cover losses. Many of those losses were covered directly from money that Ruderman schemed off investors.
All in all, this also seems like a pretty bullshit lawsuit against Maguire. There is no indication he knew that he was getting dirty money. Feels more like a shakedown cash grab by the Trustee.
Read the court docs in full here.
For a little more about Tobey Maguire and poker: Maguire played the Main Event in 2005 & 2007. Both years, he acted like a major douche, covering his face every time he saw a photog. When he made a deep run in the 2007 Main Event, he went even more out of his way to cover his face and told ESPN that they couldn’t put him at a featured table unless he went really, really deep (robbing viewers of a major storyline and taking a lot of interest out of the tournament–something the 2007 WSOP ME desperately needed post-UIGEA). However, almost everyone we’ve spoken with in Hollywood circles agrees that Maguire is the best poker player among them. He’s known to kill it in the Hollywood home game circuit. But he’s dropped out of the WSOP scene since his ’07 run.
Read one of our all-time favorite WCP posts (it was about Tobey Maguire playing poker) here.