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||WATCH: Crazy $1M Poker Cash Game Hand|
|2||Report: Roland de Wolfe Accused Of Cheating In High-Stakes Poker Game|
|3||Angry Man Drives Pickup Truck Into Las Vegas Casino|
|4||'Underground Poker' Pilot Airs On Discovery Channel|
|5||Gus Hansen Reaches $20.3M In Web Poker Losses|
|6||Finalists Selected For Poker Hall Of Fame|
|7||A Poker Life: Jared Jaffee|
|8||Singapore Looks To Jail Online Poker Players|
|9||Closed Revel Casino Receives $90 Million Bid|
|10||Trump Taj Mahal Casino Could Close In November|
|1||Former Roulette Dealer Faces Criminal Charges For Telling Gambler About 'Lucky Number'|
|2||Phil Ivey Now Down $5.1 Million Under His 'Polarizing' Online Poker Screen Name|
|3||Gus Hansen Nears $20 Million In Web Poker Losses|
|4||WATCH: Crazy $1M Poker Cash Game Hand|
|5||Dan Colman Wins 2014 Seminole Hard Rock Poker Open $10 Million Guaranteed Main Event|
|6||Homeless Woman Accused Of Killing Popular World Series Of Poker Dealer 'Elvis' Joe|
|7||Seminole Hard Rock Poker Open Stuck With $2.5 Million Overlay|
|8||'Invisible Ink' Poker Cheat Banned From Connecticut Casinos|
|9||Gambler Finally Hits Vegas Slot Machine That Hadn't Paid Out Jackpot In 15 Years|
|10||Report: Roland de Wolfe Accused Of Cheating In High-Stakes Poker Game|