Isai Scheinberg, founder of global online poker giant PokerStars, surrendered to federal authorities in New York City a week last Friday, Nathan Vardi for Forbes reported.
The reclusive Scheinberg, at large for nine years, has entered a plea of not guilty on charges of operating an illegal gambling business. He has been released on $1 million bail, after surrendering his passport.
In a hearing last Wednesday, it was revealed by the prosecutor that the government and Scheinberg are already “far along” in negotiating a deal.
“We have an agreement in principle on the basic terms,” the prosecutor stated at the hearing.