WSJ: Ray Bitar To Plead Guilty In Full Tilt Poker Case
Former Full Tilt Poker CEO Reportedly To Accept Plea Deal
The final member of the Full Tilt Poker team that federal prosecutors alleged, in September 2011, had been operating a “global Ponzi scheme” reportedly will plead guilty.
The Wall Street Journal reported Monday that Raymond Bitar needs a heart transplant and this medical development has affected his criminal case.
“It’s a very unusual situation,” Bitar’s attorney told The Wall Street Journal. “We’ve been able to work out something with the government that takes into account the unique circumstances. We appreciate the government’s courtesy in this regard.”
It’s unclear what kind of “courtesy” has been dealt to Bitar. He was facing life in prison after being accused of a handful of financial-related crimes in running Full Tilt. He has been residing in California since being released on bond in 2012.
Howard Lederer, Rafe Furst and Chris Ferguson, who were originally alleged to be part of the Ponzi scheme, all have settled their respective civil cases with the federal government. None of them admitted to any wrongdoing with running the online poker site.
Hundreds of millions were owed to former customers when the site shut its doors, as American victims are still waiting on compensation from the government.
Full Tilt Poker software is back in cyberspace thanks to a government-approved takeover by former rival PokerStars, which also fell into hot water on Black Friday in April 2011.
Stay tuned to CardPlayer.com for more on this developing story.
|1||Bilzerian Hires Casey Anthony's Former Attorney|
|2||North Carolina Busts Alleged $20M Gambling Ring|
|3||A Poker Life: Pratyush Buddiga|
|4||Bellagio WPT Five Diamond Draws 582 Entries|
|5||Reid: Online Gambling Ban Efforts Next Year|
|6||Poker Strategy: Categorizing Recreational Players|
|7||Poker Hand of the Week: What's Your Play?|
|8||Trump Taj Mahal Gets Last-Minute Reprieve|
|9||New York Picks Three Winners For Upstate Casinos|
|10||Men Arrested In Dubai Over Small Stakes Card Game|
|1||WSOP Runner-Up Hit With Huge Tax Bill|
|2||Dan Bilzerian Facing Felony Charge In Nevada: Report|
|3||Miss Finland Runs Crazy Bluff On Ronnie Bardah|
|4||Martin Jacobson Talks About His Main Event Win|
|5||Edward Norton: 'Possibility Of Rounders 2'|
|6||Phil Ivey Continues Online Poker Upswing|
|7||Man Robs Bank To Continue Gambling Session|
|8||Here's The Criminal Complaint Against Dan Bilzerian|
|9||Gus Hansen Returns To Online Poker, Drops $132K|
|10||Online Poker: Phil Ivey Drops $800K|