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Ex Fulltilt Boss Ray Bitar To Plead Guilty
Wednesday April 10,2013 : FORMER FULL TILT POKER BOSS TO PLEAD GUILTY
Health-challenged Ray Bitar may not go to jail but will lose most of his personal assets
Ray Bitar, the controversial former chief executive of Full Tilt Poker at the time of the disastrous Black Friday online poker site closures in 2011 has reportedly agreed a deal with US Justice Department officials that will see him heavily penalised for his alleged role in the company's activities.
Mainstream media such as the Wall Street Journal, along with the major international news agencies, all reported late Monday on the deal, reporting that Bitar's legal representative had informed a federal court in Manhattan that an agreement had been reached that will see Bitar deprived of much of his personal wealth, but escape jail-time due to his poor health, brought on by a severe heart condition.
Bitar's lawyer said that without a heart transplant the erstwhile CEO of Full Tilt would be unlikely to survive another year.
According to the Bitar legal team, he will enter a guilty plea on two felony counts, forfeiting a total of around $40 million, probably raised through his residential property holdings.
A hearing to confirm the deal is scheduled soon, with Judge Loretta Preska, who is presiding over Bitar's case, expected to permit the disgraced executive to appear via video due to his health problems.
Sentencing will likely be passed based on the agreement hammered out with the US Attorney's Office.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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