Isai Scheinberg, founder of PokerStars, must step down from his executive position at the poker room, as part of the settlement with the US Department of Justice.
According to the press release from the US Department of Justice, Scheinberg has 45 days to step down from any managerial or directorial position in the Isle of Man-based company.
The settlement clears all civil claims and money laundering changes against the companies of PokerStars and Full Tilt, but does not affect the pending criminal charges against the eleven individuals indicted in Black Friday, which includes the PokerStars founder.
The prohibition is “... subject to re-evaluation by the parties upon the resolution of the criminal case.”
PokerStars is also prohibited from employing anyone facing related changes from their involvement in Full Tilt, including Ray Bitar—who recently surrendered to US authorities and pleaded not guilty—Howard Lederer, Rafael Furst, Chris Ferguson, and Nelson Burtnick.
With the acquisition of Full Tilt, PokerStars plans to relaunch the website with a new, independent management team based in Dublin.