An investigator within the insider trading case against the previous CEO of Amaya Gaming, parent company of PokerStars, said last week that there’s only circumstantial evidence against David Baazov.

According to a report from The Globe and Mail, an attorney for Baazov got the admission from the Quebec financial regulator in a hearing Wednesday that there’s no direct proof of him passing on privileged information in an alleged kickback scheme.

The alleged insider trading was to the tune of $1.5 million.

“Today was step one in setting the record straight,” Mr. Baazov said in an announcement. “I wish to reiterate that I DIDN'T receive any money, gifts or anything for that matter because it pertains to the trading by any of those people in any securities. I GLANCE forward to being exonerated and putting this behind me.”

Baazov left Amaya in August after taking a voluntary leave of absence after the costs were filed this spring. “I am pleased with my contributions in building Amaya into the successful company it's today, and stay supportive of its strategy and management,” Baazov said in an announcement after leaving the company.

Read More... [Source: CardPlayer Poker News]