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WSJ: Ray Bitar To Plead Guilty In Full Tilt Poker Case

Former Full Tilt Poker CEO Reportedly To Accept Plea Deal

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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.

 
 
 
 

Comments

adbuster2375
over 1 year ago

Here's to wishing he gets the heart of a baboon. Baby Fae Bitar.

 
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Desertrex
over 1 year ago

This fat bastard dosent deserve a heart let the POS die.

 
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Don2
over 1 year ago

The Full Tilt fiasco is a perfect lesson on the evil of greed. All of these guys need to be ostracized from the poker community. Don't let them participate in the game they used to enjoy except for maybe a friendly game behind bars.

 
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notCIA
over 1 year ago

They give heart transplants to fat thieves?

 
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notCIA
over 1 year ago

What a joke we have for a Justice Dept.
How many months have they had our money and can't get it to us, yet they can cut a deal with this scumbag?

 
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LisaJax
over 1 year ago

Guess what, the DOJ is using YOUR money to set up a "process" to get your money back! Ha ha ha.

http://www.fulltiltpokerclaims.com/

Utilizing funds forfeited from PokerStars in this action, the Department of Justice will establish a process by which eligible U.S. fraud victims will be able to seek compensation for their losses ("Petitions for Remission"). The Garden City Group, Inc. has been selected as Claims Administrator by the United States to process Petition for Remission claims submitted by the U.S. Full Tilt fraud victims.

After the Garden City Group, DOJ and the IRS goes through your money, $0.10 on the dollar should be a welcome Christmas gift for you this year. SUCKERS!

 
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notCIA
over 1 year ago

You don't think FTP players have been following the claims process? And I laugh at the IRS claim. Two thirds of players are losers. You may not be aware that's how the rest of us make money.

 
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LisaJax
over 1 year ago

notCIA,
I'd love to know what the hourly wage is for "the rest of us".
I seriously doubt that most of you make more than an average greeter at WalMart.
Good luck with the remission process when they require you to submit copies of all your Federal income tax returns for your FTP years.
By the way, the lawyers at Garden City Group don't come cheap but I'm sure they are enjoying "utilizing" your FTP funds to maintain their lavish lifestyles.

 
 

kevko_2000
over 1 year ago

Because Lisa has never made any money playing poker lol

 
 

notCIA
over 1 year ago

Gee, what happened? Did you get dumped by a poker player?
My win rate is small as I play for a hobby at relatively small stakes. But compare making a little to spending about $100 every time I play golf. Good enough for me.

 
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fastmonkey
over 1 year ago

Rip his useless heart out and let's feed it to the players that he stole from. What a joke.....

 
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