The games took place at upscale hotels and private homes, and turned out to be run by convicted Ponzi scheme operator Bradley Ruderman. Court documents stated that Maguire was paid $311,000 by Ruderman.
The investors Ruderman bilked sued to recover their losses- including money paid out from the poker games. The money from the settlements will be used to repay victims of the scheme
Maguire denies doing anything wrong and was not involved in the Ponzi scheme. If approved by a judge next month, he will pay $80,000 of his winnings to a bankruptcy trustee.
The bankruptcy trustee who sued the group said the poker settlements total more than $1.7 million, and that Maguire's payout is in the same range as others who agreed to settlements.
Ruderman is currently serving a 10-year federal prison sentence after pleading guilty to two counts of wire fraud, two counts of investment adviser fraud and willful failure to file taxes.
The Associated Press contributed to this story.