It was a game of star-studded high stakes poker involving millions of dollars funded by a bogus ‘Yo-Yoing’ bank account, RadarOnline.com can reveal.

RadarOnline.com’s blockbuster story about an illegal card ring involving Spiderman’s Tobey Maguire and other A-list Hollywood celebs truly was a web of deceit and lies according to court papers.

PHOTOS: Stars Arrive At Spider-Man Opening Night

Maguire, 35, allegedly won more than $300,000 from Beverly Hills hedge fund manager Brad Ruderman.

Money-man Ruderman is accused of embezzling investor funds and orchestrating a Ponzi scheme in a desperate bid to pay off his monster debt to the star and other celeb players.

PHOTOS: Spider-Man Reboot -- Secrets From The Set