Ray Bitar, CEO of FullTiltPoker, surrenders to FBI

Today in the morning a rumour surfaced, saying that CEO of FullTiltPoker, Raymond Bitar surrendered today (July 2, 2012) in New York to FBI. The source was anonymous, and the information wasn't confirmed, but at the moment Forbes magazine reported the same (article under this link) thing. Please remember that this information isn't 100% confirmed yet.

This is the e-mail all of FullTiltPoker staff in Dublin probably received today:
"To all Dublin Staff,

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.

I am particularly grateful to all of you here in Dublin for your hard work, patience and understanding during this difficult time. I believe that your hard work and dedication should not go unrecognized, and we have made arrangements for Poker Stars to guarantee all July salaries. You should therefore have no concern about coming to work during this period. After that, we expect that your employment contracts will be assumed by the buyer of the company’s assets.

For those that need to reach me, I expect to continue to be available by email and phone starting late Monday, New York time.

In the meantime, please refer any operational questions to **REDACTED**, and any HR questions to **REDACTED**.

Thank you all again.

Kind regards,

Raymond J Bitar "

wheres
my
money

blew all the money on coke and whores, now turns himself in

One time?

I hope he get raped...

On July 02 2012 14:17 RaiNKhAN wrote:

Looked like Khan for a second, with less facial hair.

http://www.scribd.com/doc/98897950/Bi...ond-And-Nelson-Burtnick-S8-Indictment

Jesus...

cliffs if you actually read all that, 36 pages of nope

Fat people think they are clever always taking pictures looking up or leaning back to hide their double chin. I guess we can see the results of an in-house lobster chef

On July 02 2012 17:25 Highcard wrote: cliffs if you actually read all that, 36 pages of nope

1. Conspiracy violations of UIGEA

2. Violations of UIGEA

3. Operating an Illegal Gambling Business (IGBA)

4. Bank and Wire fraud

5-7* Wire Fraud charges connected to the missing funds not able to be repaid to the players of Full Tilt Poker.

8. Money Laundering

9* Money Laundering in connection with missing player funds.

*(5-7 and 9 are the only new counts in the superceding indictment.All others were charges Bitar was facing prior to his surrender.)

There are also leaked emails from 2008 saying that players money are not safe as they are not a bank.

Quoted from a WSJ article "
In February 2011, Mr. Bitar received a projection from his financial staff warning that the company would run out of cash within months, yet he still approved the distributions to the owners, the government says. Later he directed employees not to release bad news publicly because he was worried about triggering "a new run on the bank," the government says."


He plead NOT-GUILTY, and pending bail according to here: http://diamondflushpoker.com/2012/07/...s-in-new-york-city-new-charges-filed/

maercian lpayers funsd aer safe

+ Show Spoiler +

On July 02 2012 20:26 RaiNKhAN wrote: maercian lpayers funsd aer safe + Show Spoiler +

gooby pls

that goatee doesnt fool me, he has no chin!

Meh fk these clowns. I don't even want the money back no more













Sike

"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.

I am particularly grateful to all of you here in Dublin for your hard work, patience and understanding during this difficult time. I believe that your hard work and dedication should not go unrecognized, and we have made arrangements for Poker Stars to guarantee all July salaries. You should therefore have no concern about coming to work during this period. After that, we expect that your employment contracts will be assumed by the buyer of the company’s assets."

Pokerstars cleaning up Full tilts mess : o

On July 02 2012 16:36 PuertoRican wrote: Looked like Khan for a second, with less facial hair.

more like fat daut

He can keep my money just give me 5mins alone in a prison cell with him.