(AP) -- Troubled online gambling company Full Tilt Poker says French business tycoon Bernard Tapie has agreed to by the company and its assets despite legal troubles in the United States and the revocation of its gambling license.
Full Tilt said Friday that Tapie has agreed to the sale on condition that the company settle its legal troubles favorably.
Company executives are facing federal charges of money laundering and fraud to run a gambling business in defiance of a 2006 law that prohibits online poker in the U.S.
Prosecutors in New York say Full Tilt was running a Ponzi scheme, an allegation the company says is untrue.
Full Tilt says the agreement includes a plan to repay deposits of players worldwide who haven't had access their gambling funds since April.
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