Ray Bitar Full Tilt Poker
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When we last checked in on Ray Bitar, former CEO of Full Tilt Poker, he had reportedly gotten married to one Jackie Lucas and was looking hale and hearty, looking nothing like the dying man described by both Allen Cunningham and a U.S. judge who allowed Bitar to avoid prison.
Now, photos of the wedding have hit the Internet on the website for CakeKnife Photography, which provided services for what looks to have been quite an extravagant affair. The post featuring the photos appears to be a marketing blog with a testimonial from Lucas. Bitar is referred to in the piece as Omar, although at least one of the photos has visible 'Raymond & Jackie' text projected onto a wall at the ceremony.
'I had been hired for a million dollar event,' wrote the wedding's photographer after she scouted out the venue. 'The alter sic] was all gold and had just enough room to fit all of Jackie's 13 bridesmaids and Omar's 13 groomsmen in front of it. By far the biggest wedding party I have ever photographed.'
Chris Ferguson/Howard Lederer/Ray Bitar/FTP. Taking top spot has to be the trio of worthies behind the Full Tilt Poker scandal, Chris ‘Jesus’ Ferguson, Howard 'The Professor’ Lederer and CEO of the online poker, Ray Bitar. Who exactly did what, and who was responsible for what when the site went belly up to the tune of $440million has never been fully clarified, but we do know that. Tiltware LLC launched Full Tilt Poker in 2004. Lederer served on the company's board of directors along with co-founders Rafe Furst, Chris Ferguson, and Ray Bitar. Full Tilt Poker hosted online poker games and was a former sponsor of poker programming on ESPN and Poker After Dark, both in.
- Internet Poker Coach, Online Poker Strategy, Success and Profitability Playing Poker Online, By The Author Of The No B.S. Guide To Winning Online No-Limit Texas Hold em. Poker News; Full Tilt Poker News on Ray Bitar. Chris Wilcox - April 15, 2013.
- Disgraced Full Tilt Poker CEO Ray Bitar finally had his day in court, and he got about as light of a punishment as he could’ve hoped for. Bitar was credited with “time served” before sentencing and won’t have to do any more jail time. The reason why is because he needs a.
The reception was hosted at the Taglyan complex, which the photographer described as 'one of the top L.A. reception venues.' Photos of the luxurious affair follow the short blog from the photographer. They feature jeweled cufflinks, bouquets of red roses, costumed performers, and a picturesque setting.
Raymond Bitar Full Tilt Poker
All of this for a man whom a judge fined $40 million and spared a prison sentence because of an apparent life-threatening heart condition that Cunningham vouched for in a TwoPlusTwo post in October 2014, saying Bitar was unlikely to live more than a few years and was nearly penniless.
Bitar was arrested after Black Friday for his role in FTP's violation of the Unlawful Internet Gambling Enforcement Act.
'The Federal Bureau of Prisons is not able to provide the care that Mr. Bitar needs,' the ruling judge said. 'Prison almost undoubtedly would kill him. The possibility of prison would make Mr. Bitar ineligible for a heart transplant, which would also impose a death sentence.'
It seems the intervening years have been kind indeed to Bitar, as he's managed to quickly go from knocking on death's doorstep to a million-dollar wedding.
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Ray Bitar Full Tilt Poker Chair
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Six years after Black Friday shook the online poker world, Full Tilt Poker continues to make news headlines here in 2017. Late last week, BBC reported that former Full Tilt CEO Raymond Bitar laundered funds through the Channel Island of Guernsey. This resulted in a total of £9.5 million ($12.6 million) remitted to the United States government.
The money was discovered after Guernsey and the United States Department of Treasury inked an agreement in 2015 whereby both countries would share half of any seized laundered money and other criminal activities in offshore bank accounts in the country. In total, £10.6 million ($14.3 million), which included the money relating to Full Tilt and another case, was remitted to the United States. Based on the agreement between the two countries, it can be assumed that the Guernsey's government padded its coffers by an equal amount.
Bitar's assets were seized following an investigation which included Guernsey authorities restraining bank accounts and sharing financial records from 2012 to 2015.
Government representatives from both countries expressed their gratitude to the cooperation that led to the sharing of funds in this case including Principal Deputy Assistant Attorney General at United States Department of Justice John Cronan and Guernsey Attorney General Megan Pullum, QC.
'Guernsey has an ongoing and exemplary commitment to international co-operation and mutual legal assistance and we are therefore extremely pleased to announce this asset share,' Pullum said according to the BBC.
Bitar at Full Tilt Poker and Beyond
Bitar was responsible for the operations at Full Tilt Poker. While he was CEO, the online poker room into grew into a huge billion-dollar gambling company and it signed some of the many of the biggest names in poker to represent the Full Tilt brand.
After Full Tilt Poker was shut down on Black Friday, it quickly became apparent that the company did not have player funds in segregated accounts, thus leading to players without access to their money until the Rational Group, the former parent company of PokerStars, stepped in and agreed to a deal with the U.S. Department of Justice in August 2012 to acquire the company and return funds to players.
On April 15, 2013, the second anniversary of Black Friday, Bitar pled guilty to unlawful internet gambling and conspiracy to commit bank fraud and wire fraud.
U.S. District Judge Loretta Preska of the United States District Court for the Southern District of New York spared Bitar jail time citing his heart condition. Instead, Bitar was sentenced to time served and ordered to forfeit his assets, which were believed at the time to include his various homes and $40 million in cash.
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Little was heard about Bitar for two years until he got married to Jacquelyn Lucas in a multi-million dollar ceremony in October 2015. Not only were interested parties wondering how Bitar had the funds for an extravagant wedding, but he also appeared to be healthy and not someone who looked to be knocking on death's door.
Ray Bitar Full Tilt Poker Table
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