By Jen Heger - Breaking Celebrity News Legal Editor

Real estate mogul, Robert "Bob" Safai has reached a settlement in relation to the Hollywood poker scandal, Breaking Celebrity News is exclusively reporting.

The court appointed trustee for the Hollywood poker celebrity lawsuits, Howard Ehrenberg, says, "We alleged (that Mr. Safai owed) $845,900 and settled for $360,000."

EXCLUSIVE DOCUMENTS: Bob Safai Reaches Poker Ring Agreement

Safai reached the settlement agreement before a lawsuit was filed against him by Ehrenberg, who has already filed suit against Spider-Man star Tobey Maguire and more than a dozen other high-profile Hollywood people in connection with a mega-millions illegal gambling ring that ran high-stakes underground poker games.

Just last week Maguire filed a response to the lawsuit admitting he had played in poker games and that he had taken winnings from Brad Ruderman, who is alleged to have hatched an elaborate Ponzi scheme to fund his gambling habits.