Full Tilt Poker Founder Arrested

July 3, 2012

Ray Bitar, CEO and founder of Full Tilt Poker surrendered to DOJ authorities in New York on July 2. Bitar is one of 11 men indicted by the DOJ back on Black Friday. Bitar is facing 5 charges including conspiracy to violate the UIGEA, operation of illegal gambling business, and money laundering conspiracy.

U.S. Attorney Preet Bharara is quoted as saying that Full Tilt was an “international Ponze scheme that left players empty handed.”

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About the Author

Cochinoman
Regarding my poker background, I’ve been playing since 2003 (yes, the Moneymaker factor), and have won several small tournaments, and have cashed at the main event of the World Series of Poker. I also play cash games at local casinos and sometimes at home games.

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