Ponzi scheme

Insidious Von

My head is my home
Sep 12, 2007
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Tobey Maguire (Spiderman) has been blackballed by Hollywood for taking part in a Ponzi scheme. He carried out his contractual obligations and hasn't had work since early 2017.

He ran a high stakes poker game fronted by Molly Bloom (Molly's Game) in which a professional clay pigeon was used. It was easy pickings for the celebrities involved, they were enticed to invest in a hedge fund run by Burt Ruderman - the clay pigeon. They brought into the premise that if Ruderman had unlimited cash he must know what he's doing. Hollywood types iz sooo stupid. When the FBI broke the Ponzi scheme Ruderman squalled but not against Maguire. Maguire paid out $80,000 to settle a lawsuit but was not incarcerated. Among the celebrities burned were Ben Affleck, Matt Damon and his long time friend Leo Di Caprio. In the film Molly's Game he is known as Player X, played by Michael Serra.

Eventually Louis CK and maybe even Kevin Spacey will be forgiven but Toby Maguire is in Shoeless Joe Jackson territory.

 
It's Brad not Burt Ruderman but he is only one of many, also Andy Beal another billionaire was considered a fish.

The book and movie only touch on a few who's real names were eventually revealed. In the world of underground high stakes poker there are many players too long to list with cash to burn, they tend to keep names quiet.

Tobey is well known among the players

VBB
 
My mistake, he was called Bad Brad in the film. He appeared to have no concept of poker he just appeared super rich.

Hollywood can forgive cimes of passion if murder is not involved. Crimes of method never.

 
Louis CK is working at The Comedy Cellar again. The aficionado of masturbation is already getting his audience back.