Previous Full Tilt CEO Requested to Forfeit Millions

Previous Full Tilt CEO Requested to Forfeit Millions

Former Full Tilt Poker employer Ray Bitar has pled guilty 2 yrs after the Ebony Friday indictments were filed against the online operator, since well as against PokerStars and Absolute Poker. As a total result, Bitar has been sentenced to time served.

As such, Bitar will serve no jail that is further because of their current heart condition which, as stated by his lawyer John F. Baughman, gives him only a 50 percent chance of surviving to see 2014, unless he is able to receive a heart transplant.

No Jail Time

Bitar pled responsible to fees of wire fraudulence and breaking the Unlawful Internet Gambling Enforcement Act, but U.S. District Judge Loretta Preska described his physical state as the ‘driving factor’ behind the lack of further jail time, admitting that the federal prison system was unable to manage Bitar’s medical needs. Essentially, a jail sentence might have been of the same quality as a death sentence to Bitar, who originally faced up to 35 years in prison.

Forfeiture of All Full Tilt Profits

The CEO that is former was purchased to forfeit $40 million in cash, home and other assets which were bought with profits from Comprehensive Tilt Poker’s activities, that has been calculated to be near Bitar’s total earnings during his time operating the show.

Appearing in Manhattan court that is federal video link from his medical treatment facility in California, Bitar told Preska which he regretted their actions and was ‘s Continue reading “Previous Full Tilt CEO Requested to Forfeit Millions”