Full Tilt Poker founder Ray Bitar has plead guilty to conspiracy charges in a New York federal court.
Bitar returned from Ireland during the summer to face charges in a Manhattan federal court he operated Full Tilt Poker as a Ponzi scheme. In a prosecution sweep which shut down operations of the three largest internet poker companies in the U.S., Bitar was accused of falsely assuring players their money was safe on Full Tilt while prosecutors charge nearly $300 million owed to players around the world could not be accounted for. Attorneys for Bitar had claimed their client was trying to help recover the missing money.
Bitar was sentenced to time served and ordered to give up his assets as part of a plea deal reached between prosecutors and his attorneys.
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