According to Forbes, the fraud and laundering lawsuit pending trial against online poker companies Full Tilt and PokerStars has been settled. The total amount of restitution comes to $731 million. The third company facing allegations, Absolute Poker, has yet to reach a settlement with prosecutors.
Under the agreement, PokerStars, based in the Isle of Man, will also purchase Full Tilt Poker, a former rival which collapsed following the U.S. government’s move in April 2011 to shut down the U.S. operations of the major online poker operators. The deal calls for PokerStars to forfeit $547 million to the U.S. government and make $184 million available to reimburse non-U.S. customers of Full Tilt within 90 days who had money on deposit at the company.
Part of the case revolved around the poker companies’ masking of illegal transactions as purchases of “items like jewelry and golf balls,” according to CNN. Full Tilt CEO Ray Bitar was arrested at the beginning of July.