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Securities Fraud Scammer Plays Poker to Pay Back Victims and Stay Out of Jail

Another case of truth is stranger than fiction.

Former stockbrokler Samuel McMaster Jr., who has admitted to 26 felony charges of securities fraud, struck a deal Aug. 4 with New Mexico authorities that could allow him to stay out of prison provided he can earn enough money playing poker to repay the $444,000 he took from his more than 20 victims.

John Rhinehart, attorney for the card shark, reached Monday, stressed that his client has no other form of income at the moment. “The IRS came in and took everything,” Rhinehart said. “He plays poker to make ends meet.” – Source

You can read the full story here: Poker Pro Playing for His Freedom


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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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