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Former Comprehensive Tilt CEO Ordered to Forfeit Millions

Former Comprehensive Tilt CEO Ordered to Forfeit Millions

Former Full Tilt Poker employer Ray Bitar has pled bad 2 yrs after the Black Friday indictments were filed against the online operator, since well as against PokerStars and Absolute Poker. As result, 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 lawyer John F. Baughman, gives him only a 50 percent chance of surviving to see 2014, unless he is able to be given a heart transplant.

No time that is jail

Bitar pled guilty to costs of wire fraud and violating 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 prison that is federal was unable to manage Bitar’s medical needs. Essentially, a jail sentence could have been of the same quality as a death sentence to Bitar, who originally encountered up to 35 years in prison.

Forfeiture of All Comprehensive Tilt Profits

The previous CEO was also bought to forfeit $40 million in cash, home and other assets which were purchased with profits from Full Tilt Poker’s tasks, that has been calculated to be near Bitar’s total profits during his time running the show.

Appearing in Manhattan federal court via video link from their medical treatment facility in California, Bitar told Preska that he regretted his actions and had been ‘sorry for t Read more