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Full Tilt CEO Ray Bitar released on $2.5M bail
Full Tilt Poker CEO and co-founder Ray Bitar was released from jail on Monday morning after his lawyers agreed to post a $2.5 bail, according to a report from Forbes.
Bitar was arrested last week after flying to New York from Ireland, and agreed to surrender voluntarily to face charges brought against him for his involvement in the Full Tilt Poker scandal.
Wearing prison clothes, Bitar according to reports looked relieved when Judge Engelmeyer approved the bail package in a New York court on Monday.
"I will approved the bail package the counsel has proposed," Engelmeyer said, noting that Bitar voluntarily came back to the U.S. after spending more than a year in Ireland.
The judge, however, stressed that Bitar is "facing very serious charges, charges that have grown over time."
The charges include the original Black Friday indictment, as well as a number of recently added charges against Bitar for his handling of Full Tilt Poker after Black Friday.
For now though, Bitar will be allowed to return to his home in Glendora, California, where he will await further developments in the trial.
He will be monitored electronically by federal prosecutors during his stay.
All in all, Bitar faces up to 145 years in jail if he is convicted of all counts brought against him by the U.S. authorities. He has so far pleaded not guilty to all charges.
Bitar was arrested last week after flying to New York from Ireland, and agreed to surrender voluntarily to face charges brought against him for his involvement in the Full Tilt Poker scandal.
Wearing prison clothes, Bitar according to reports looked relieved when Judge Engelmeyer approved the bail package in a New York court on Monday.
"I will approved the bail package the counsel has proposed," Engelmeyer said, noting that Bitar voluntarily came back to the U.S. after spending more than a year in Ireland.
The judge, however, stressed that Bitar is "facing very serious charges, charges that have grown over time."
The charges include the original Black Friday indictment, as well as a number of recently added charges against Bitar for his handling of Full Tilt Poker after Black Friday.
For now though, Bitar will be allowed to return to his home in Glendora, California, where he will await further developments in the trial.
He will be monitored electronically by federal prosecutors during his stay.
All in all, Bitar faces up to 145 years in jail if he is convicted of all counts brought against him by the U.S. authorities. He has so far pleaded not guilty to all charges.
Comments
539
10 months ago
Wow, local here broke into my friends mom's house. Startled her, who knows what else, stole her car and killed someone. Not sure who. And this guy will be out of prison in the next year or so. But this guy will get 145 years!
wtf
wtf
wtf
Oh, and two million bond. Where is this money going? Can I please see some fckn receipts. This system is so screwed. Almost every judge and police officer in the state of New Mexico is corrupt. Don't believe me, read their local paper!
Of course this guy has two million stashed away. He is a billionairre and so why was'nt his bail set at ten billion dollars.
I hate the system here, very unfair to those who have no money or those who have nothing. The rich get richer, the poor get sacrificed for someones happiness.
Makes me so sick.
Why are the system in this state allowed to be so corrupt? I am not making this up. I hope there is someone on this site that reads this has some power to make a difference. Make a difference, you should. We deserve it.
wtf
wtf
wtf
Oh, and two million bond. Where is this money going? Can I please see some fckn receipts. This system is so screwed. Almost every judge and police officer in the state of New Mexico is corrupt. Don't believe me, read their local paper!
Of course this guy has two million stashed away. He is a billionairre and so why was'nt his bail set at ten billion dollars.
I hate the system here, very unfair to those who have no money or those who have nothing. The rich get richer, the poor get sacrificed for someones happiness.
Makes me so sick.
Why are the system in this state allowed to be so corrupt? I am not making this up. I hope there is someone on this site that reads this has some power to make a difference. Make a difference, you should. We deserve it.
242
10 months ago
"I will approved the bail package the counsel has proposed," Engelmeyer said, noting that Bitar voluntarily came back to the U.S. after spending more than a year in Ireland.
The judge, however, stressed that Bitar is "facing very serious charges, charges that have grown over time."
SO HE'S GOT 2.5 MILL SO HE CAN GET SOME BK FOR HIS FATA$$ BUT CANT PAY ME MY 8K SO I CAN PAY MY BILLS! FTW RATTTTTT!
The judge, however, stressed that Bitar is "facing very serious charges, charges that have grown over time."
SO HE'S GOT 2.5 MILL SO HE CAN GET SOME BK FOR HIS FATA$$ BUT CANT PAY ME MY 8K SO I CAN PAY MY BILLS! FTW RATTTTTT!
1532
10 months ago
Bernie Madoff only got 150 years for a 50 billion dollar ponzi scheme. I think Bitar needs a new lawyer... Nah, he will get away with a lot less. And whatever happened to the 'other' co-founders? We hear little or nothing about them. As usual, the media has a tendency to embellish, but what better way to grab the attention of the victims.
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