In 2011, the Full Tilt Poker website was shut down by the United States Department of Justice on charges of bank fraud and illegal gambling.

In December 2012, Lederer settled a civil lawsuit with the Department of Justice relating to Full Tilt Poker.

Lederer was born in 1964 in Concord, New Hampshire[1] and was introduced to card games at a young age by his family.

[7] After graduating from high school, Lederer began playing chess in New York City before discovering and developing an interest in live poker games and becoming a member of the Mayfair Club.

[2][8][9] Though he briefly attended Columbia University, Lederer ultimately decided to pursue a career in poker.

[26][27] Lederer was a founding member and onetime president of Tiltware LLC, the company that handled marketing and software development for Full Tilt Poker.

Lederer served on the company's board of directors along with co-founders Rafe Furst, Chris Ferguson, and Ray Bitar.

[32][33] The company's license was suspended on June 30, 2011, and Full Tilt Poker stopped accepting international play.

[29][34] According to the Department of Justice, Lederer received about $42 million in payments from Full Tilt Poker during that time period.

[35][39][40] Lederer and his wife Suzie have previously hosted charity poker events including their April Fools fundraiser in 2009 to support the Las Vegas Springs Preserve.

[42][43] Lederer has also participated in other charity poker events including Put a Bad Beat on Cancer in 2009.

[2][45] Lederer moved to Las Vegas, Nevada, in 1993, where he lives with his wife, Suzie, and his son, Mattias.