Open Side Menu Go to the Top
Register
Ray Bitar (FTP CEO) Surrenders to US Government - Confirmed by DOJ Ray Bitar (FTP CEO) Surrenders to US Government - Confirmed by DOJ

07-02-2012 , 01:39 PM
might be a stupid question, but what is with isar scheinberg? doesnt he have similar charges?
07-02-2012 , 01:40 PM
if only this happened before WSOP Watching from the sidelines sucks.
07-02-2012 , 01:41 PM
Quote:
Originally Posted by obviously.bogus
One interesting thing from the Bitar e-mail ...

Sounds like he has pre-negociated with DoJ and expects to *not* be in a prison cell.
That's exactly what it sounds like.
SrslySirius,time for a song.
07-02-2012 , 01:41 PM
Quote:
Originally Posted by DavidNB
with in 60 minutes of a post on 2plus2 they comfrim it with DOJ? bull ****. They rewrite whats on 2P2 and throw in a bit more. This BS has been going on for 14 months. Wait for the DOJ to confrim it
How long does a phone call take?


Also pokernews say the same on there twitter. Is that also bs.

Last edited by andyg2001; 07-02-2012 at 01:46 PM.
07-02-2012 , 01:41 PM
Quote:
Originally Posted by alexuuus
might be a stupid question, but what is with isar scheinberg? doesnt he have similar charges?
What he doesn't have is a PS employee sending out his e-mails (or maybe he doesn't send out e-mails). Nobody knows what is happening with him right now...
07-02-2012 , 01:41 PM
Quote:
Originally Posted by DavidNB
with in 60 minutes of a post on 2plus2 they comfrim it with DOJ? bull ****. They rewrite whats on 2P2 and throw in a bit more. This BS has been going on for 14 months. Wait for the DOJ to confrim it
Uhhh... Yes. Anyone can call the DOJ's press liason and ask questions. They may or may not answer. If the DOJ has a press release coming out today (which Pokernews is reporting), they would probably go ahead and confirm it. Pokernews probably made the same call. The docket update confirms something is up. Why U so mad?
07-02-2012 , 01:42 PM
Quote:
Originally Posted by bizzle03
@Kevmath: From an incredibly reliable source, the court document was updated with a sealed document placed in the vault. http://s18.postimage.org/ko4o8g1d5/U...nal_docket.jpg

SPECULATE! Is it the golden settlement?
holy tiny picture. cant see anything
07-02-2012 , 01:42 PM
Why is nobody asking for another source or confirmation?

Let's not get ahead of ourselves.

edit: didn't see pokernews confirmation on 2nd page
07-02-2012 , 01:44 PM
I hope that this is good news, but mostly I still think we have no idea what's going to happen. The big questions are all still about money. I don't think Ray Bitar is going to earn enough pressing license plates to pay us back.
07-02-2012 , 01:45 PM
Someone just call 212-637-2600. That's the press office for SDNY. I'd do it but I'm at work.
07-02-2012 , 01:46 PM
Bitar 'bout to fall on his sword.
07-02-2012 , 01:46 PM
By the time this case is over, and we have our year end lame duck sweat session in the halls of congress, I will have gone through at least 5 F5 buttons.
07-02-2012 , 01:46 PM
Quote:
Originally Posted by alexuuus
might be a stupid question, but what is with isar scheinberg? doesnt he have similar charges?
From an outsider view it seems fairly clear that he's effectively buying his freedom. He agrees to purchase FTP, repay all players and send a huge fine on top of all of that the DoJ's way.

1. Players 'win', or at least get their money back
2. The DoJ wins. They get numerous convictions, jail time and likely in the ballpark of $1billion from confiscated property and the fines/payments from Stars.
3. Isai wins. He doesn't have to live out the remainder of his days looking over his shoulder in the Isle of Man - great for taxes, not so great for life.
4. Stars wins. They get to come off as the heroes who helped get players their money back.

The only people that lose are the stooges that thought it'd be a nice idea to steal from player accounts when their money printing company wasn't printing money fast enough to keep up with their greed.
07-02-2012 , 01:46 PM
Seems like another step in the negotiations, glad to see things still moving along track. I hope that eventually DF will pop in and provide any context that she can.
07-02-2012 , 01:47 PM
Quote:
Originally Posted by antneye
By the time this case is over, and we have our year end lame duck sweat session in the halls of congress, I will have gone through at least 5 F5 buttons.
I love you
07-02-2012 , 01:48 PM
Quote:
Originally Posted by Zomboid!
Someone just call 212-637-2600. That's the press office for SDNY. I'd do it but I'm at work.
Just called, I got confirmation.

"Yes, he did surrender."

EDIT:

I asked "Hi, I'm just inquiring about some news that Ray Bitar has surrendered to the DOJ, is this something you can confirm or should we wait to here more information?"

"Who is this?"

"I'm not affiliated with a press outlet"

"Yes, he did surrender."
07-02-2012 , 01:48 PM
Quote:
Originally Posted by Zomboid!
Uhhh... Yes. Anyone can call the DOJ's press liason and ask questions. They may or may not answer. If the DOJ has a press release coming out today (which Pokernews is reporting), they would probably go ahead and confirm it. Pokernews probably made the same call. The docket update confirms something is up. Why U so mad?
It has not been confrimmed news yet. This same stuff has been going on for 14 months now. How many times have we had confrimmed news that just doesn t happen? We need DOJ to confrim this
07-02-2012 , 01:48 PM
Quote:
Originally Posted by Zomboid!
Someone just call 212-637-2600. That's the press office for SDNY. I'd do it but I'm at work.
Anyone can call. A girl answers the phone. Bitar is in NY and a press release will be out later today.
07-02-2012 , 01:48 PM
Quote:
Originally Posted by *TT*
Numerous sources have told me to expect an announcement on July 2nd. Each source is a persona friend of Howard Lederer's, but I put no credence behind this "rumor" because each source assumed that the announcement would be that the Stars Deal would be completed today. These rumors started popping up 2 weeks ago.

Based on the above, I think Bitar turning himself in is most likely the truth. The Stars assumption from my sources was most likely a pipe dream, I always assumed that they were wrong which is why I havent said anything before now. Each source was a player, (which will remain nameless), a very loyal friend of Howards, and a former FTP pro.

Either way, this is major news. I hope it is a step in the right direction.
So this is why Marco of Quadjacks has been saying that Howard Lederer plans on playing in the main event. He knew players would get their money back by then.
07-02-2012 , 01:48 PM
Quote:
Originally Posted by obviously.bogus
One interesting thing from the Bitar e-mail ...

Sounds like he has pre-negociated with DoJ and expects to *not* be in a prison cell.

This is genius level investigation. Keep-em coming.
07-02-2012 , 01:49 PM
Has the DOJ made any announcements? Or is this going to be the first time we so to speak directly hear from the DOJ??
07-02-2012 , 01:49 PM
So its official now that stars buy FTP? why would he write it in that letter otherwise?
07-02-2012 , 01:49 PM
i hope this doesnt mean that bitar cant eat any lobster in jail, no one deserves that kind of punishment
07-02-2012 , 01:50 PM
Payment processor got 3 months. Unlikely Ray gets zero jail.
07-02-2012 , 01:51 PM
Quote:
Originally Posted by SpecialOne
i hope this doesnt mean that bitar cant eat any lobster in jail, no one deserves that kind of punishment
Lobster used to be served to prisoners in jail. It was essentially considered a sea rat back in the day and not a delicacy. So maybe?

      
m