Full Tilt Poker's Former CEO Ray Bitar Arrested in USA

Published Monday, July 02, 2012 - Online-Casinos.com

The saga of the Full Tilt Poker hit another milestone recently with the news that Full Tilt Poker’s Ray Bitar the former CEO voluntarily turned himself into US Department of Justice Officials.

The story is credited to a 2+2 poker forum writer identified as ‘PS<3FTP’ who broke the news about Bitar’s decision to hand himself over to the authorities. It appears there was an internal e mail leak at Pocket Kings, Full Tilt Poker’s tech backbone in Dublin, Ireland. The idea that PokerStars would be purchasing the assets of Full Tilt Poker was reported by the same 2+2 poker forum member last April. Back in March of 2011 Bitar issued an apology of sorts to the FTP members that lost their stacks during the firm’s colossal blunder. The situation as it appears today is far different from what anyone may have expected. It was a promise to the Department of Justice that if the legal issues regarding the company could be resolved the funds seized by the US authorities could be released.

With Mr. Bitar’s kindest regards a portion of his statement read. By now you probably have heard that I have returned to the US to deal with civil and criminal case that are pending against me in New York. We have all worked hard over the last 15 months to preserve Full Tilt’s assets and potential in order to provide for the repayment of all players, and that continues to be our top priority. It is as important as ever that we all do everything possible to make that happen and, hopefully our deal with Poker Stars will very soon make our goal a reality. My return to the US is part of this process.

According to a USDoJ press release, Bitar was arrested upon his arrival at JFK International Airport and did not have knowledge of other charges that could be leveled against him when he landed. It will be a lot of work for the lawyers now while Ray Bitar awaits his fate he has pleaded not guilty.

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