Breaking: Ray Bitar Surrenders
Full Tilt Poker’s controversial CEO, Ray Bitar, has turned himself in to US authorities.
Poker forum Two Plus Two first reported the news that Bitar went to New York City to be arrested by the FBI.
The surrender seems to be serving as a catalyst to expedite the Full Tilt, PokerStars deal, Bitar told employees in an email (see below). Without permission from the Department of Justice and a payback to players (which hasn’t happened yet), the Full Tilt and PokerStars deal will be stalled.
Signs of his regret and grovelling started in March when he apologized to anyone affected by the Full Tilt debacle.
The DoJ has confirmed that Bitar is currently in custody. Last Friday, Preet Bharara, US Attorney for the Southern District of New York, put in a requested for an additional week for multiple Black Friday indictees “to facilitate, and hopefully, to successfully conclude, certain ongoing settlement communications.”
We’ve also been able to get access to Bitar’s indictment! Check out the Bitar indictment here.
Email from to Bitar to staff:
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.
Raymond J Bitar