Former Full Tilt Poker boss Ray Bitar has pled bad two years after the Black Friday indictments were filed against the online operator, since well as against PokerStars and Absolute Poker. As a total outcome, Bitar has been sentenced to time served.
As such, Bitar will serve no further jail time because of their current heart condition which, as stated by his attorney John F. Baughman, gives him only a 50 percent chance casino royal vegas online of surviving to see 2014, unless he is able to be given a heart transplant.
No Jail Time
Bitar pled accountable to fees of cable fraud and violating the illegal Internet Gambling Enforcement Act, but U.S. District Judge Loretta Preska described their physical state as the ‘driving factor’ behind the shortage of further jail time, admitting that the prison that is federal was unable to handle Bitar’s medical needs. Essentially, a jail sentence could have been of the same quality as a death sentence to Bitar, who originally faced up to 35 years in prison.
Forfeiture of All Comprehensive Tilt Profits
The previous CEO was additionally ordered to forfeit $40 million in cash, property and other assets which were purchased with profits from Full Tilt Poker’s tasks, that was determined to be near Bitar’s total profits during his time running the show.
Appearing in Manhattan court that is federal video link from their medical treatment facility in California, Bitar told Preska which he regretted his actions and had b Continue Reading »
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