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Old 10-21-2014, 04:39 PM   #1
tercet
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Ray Bitar Forfeiture Details Published

Cliffs-

The 18 bank accounts spread across five countries, all in the name of Raymond Bitar or Raymond Jack Bitar, included the following:

-Two (2) numbered accounts at the Royal Bank of Scotland International (Scotland);
-Three (3) accounts at the Bank of Ireland (Ireland);
-One (1) account at the Bank of Scotland Ireland, Inc (Ireland);
-Two (2) accounts at National Irish Bank (Ireland);
-One (1) account at Allied Irish Bank (Ireland);
-Five (5) accounts at Bank of Valletta (Malta);
-Two (2) accounts at Wirecard Bank AG (Germany);
-Two (2) accounts at Comerica Bank (Dallas, Texas).

Bitar also surrendered ownership in several properties as part of the plea deal, including four homes and commercial properties in California, two more in Terre Haute, Indiana, and one-tenth ownership in a resort vacation unit in Bermuda.

In addition, Bitar surrendered his ownership and/or equity interest in 23 separate corporate entities connected to Full Tilt’s global operations, including software ownership holding company’s Tiltware, LLC and Pocket Kings, Ltd.

Bitar also surrendered his interests in at least nine business entities not connected directly to the Full Tilt operations, in documents which were finalized only earlier in 2014. The list included everything from an entertainment company to a fledgling brewery operation, and was comprised of the following: Sierra Slover LLC; Path to Prosperity Inc.; Panjia Inc; RCR Pictures LLC; Exit Row LLC; PASG LLC; LBC, LLC; GLX Limited; and B.C. Brewing.

article - http://www.flushdraw.net/news/ray-bi...ils-published/
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Old 10-21-2014, 04:41 PM   #2
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Re: Ray Bitar Forfeiture Details Published

Also not shocked since how he plead for leniency due to his "heart problems" which didn't give him long to live(when he was sentenced) seemed to be bs. The "heart problems" bs which came from stevebets & his legal team allowed him not to serve any jail time.
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Old 10-21-2014, 06:20 PM   #3
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Re: Ray Bitar Forfeiture Details Published

Those are probably only around half his assets, if that. White collar crime is the way to go.
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Old 10-21-2014, 06:33 PM   #4
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Re: Ray Bitar Forfeiture Details Published

Why would he not just move all the money into off shore accounts?
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Old 10-21-2014, 06:41 PM   #5
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Re: Ray Bitar Forfeiture Details Published

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Originally Posted by Loctus View Post
Why would he not just move all the money into off shore accounts?
The stuff listed is probably just the leftovers.
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Old 10-21-2014, 07:33 PM   #6
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Re: Ray Bitar Forfeiture Details Published

Ray and Howard had also invested in a marijuana dispensary in Las Vegas. This always cracked me up. I guess they knew a lot of there players smoked and would snap come to them if they opened up shop.
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Old 10-21-2014, 07:39 PM   #7
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Re: Ray Bitar Forfeiture Details Published

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Originally Posted by nba_guru View Post
Ray and Howard had also invested in a marijuana dispensary in Las Vegas. This always cracked me up. I guess they knew a lot of there players smoked and would snap come to them if they opened up shop.
Interesting. This article lists the corporate names of the license winners. Wonder if they are behind any of them.
http://www.reviewjournal.com/politic...a-dispensaries
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Old 10-21-2014, 08:30 PM   #8
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Re: Ray Bitar Forfeiture Details Published

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Originally Posted by iPUTnutsONtheTABLE View Post
Those are probably only around half his assets, if that. White collar crime is the way to go.
Unfortunately, this.
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Old 10-22-2014, 06:09 AM   #9
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Re: Ray Bitar Forfeiture Details Published

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Originally Posted by Wormmis View Post
The stuff listed is probably just the leftovers.
100 %

Did his scam with the heart disease work btw ? Or is he going to prision ?
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Old 10-22-2014, 07:10 AM   #10
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Re: Ray Bitar Forfeiture Details Published

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Originally Posted by Professionalpoker View Post
Interesting. This article lists the corporate names of the license winners. Wonder if they are behind any of them.
http://www.reviewjournal.com/politic...a-dispensaries
Nice information there, I always wondered how that process worked. I believe Chris Ferguson was involved too.
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Old 10-22-2014, 11:52 AM   #11
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Re: Ray Bitar Forfeiture Details Published

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Originally Posted by tercet View Post
Also not shocked since how he plead for leniency due to his "heart problems" which didn't give him long to live(when he was sentenced) seemed to be bs. The "heart problems" bs which came from stevebets & his legal team allowed him not to serve any jail time.
This, why isn't he dead yet if he had this "heart problem." Not saying he should die, but shouldn't there be some sort of investigation into this if he said this just to avoid jail time?
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Old 10-22-2014, 06:48 PM   #12
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Re: Ray Bitar Forfeiture Details Published

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Originally Posted by Wormmis View Post
The stuff listed is probably just the leftovers.
I guess it´s much more simple to make up huge conspiration theories instead of assuming that this guy is a major ******. I only read the article on flushdraw and all I could think of was something like "how the **** does this ****** run a borderline criminal operation and buy all those assets under his own name?"

On a serious note, $40m is just about the amount that guys like Lederer and Ivey received in distributions. How is the forfeiture of $40m in assets not supposed to hurt a clown like Bitar, who probably owned much less % in FTP?
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Old 10-22-2014, 09:00 PM   #13
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Re: Ray Bitar Forfeiture Details Published

How is this not money laundering? He clearly put money into all these business to launder it. No way he really gives a **** about all these businesses.
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Old 10-22-2014, 10:22 PM   #14
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Re: Ray Bitar Forfeiture Details Published

The Official FTP Fall Guy got a great deal.





.
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Old 10-22-2014, 10:59 PM   #15
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Re: Ray Bitar Forfeiture Details Published

Any idea where he resides right now?
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Old 10-22-2014, 11:37 PM   #16
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Re: Ray Bitar Forfeiture Details Published

Quote:
Originally Posted by TheStuntman View Post
This, why isn't he dead yet if he had this "heart problem." Not saying he should die, but shouldn't there be some sort of investigation into this if he said this just to avoid jail time?
Prosecutors/Judges don't just accept the defendant's and/or lawyer's word.

The Feds have their own doctors that look at records and/or conduct examinations.

An investigation was done and the Feds were satisfied that Bitar has a serious heart condition.


Former Full-Tilt Poker CEO Pleads Guilty And Is Sentenced In Manhattan Federal Court

FOR IMMEDIATE RELEASE Monday, April 15, 2013
...In sentencing BITAR, Judge Preska made clear that she would have imposed a substantial term of imprisonment had it not been for the fact that BITAR has an extremely serious heart condition and is in urgent need of a heart transplant...
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Old 10-23-2014, 12:17 AM   #17
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Re: Ray Bitar Forfeiture Details Published

To all the conspiracy theorists: according to my sources Ray Bitar is unlikely to live more than a couple years and is nearly penniless. He didn't get away with anything. That should be worth more than a random nvger's gossip as I was member of team full tilt.
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Old 10-23-2014, 01:48 AM   #18
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Re: Ray Bitar Forfeiture Details Published

lol @ didn't get away with anything when he's not serving any prison time. He should be in jail for the rest of his life for however long that is.
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Old 10-23-2014, 02:10 AM   #19
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Re: Ray Bitar Forfeiture Details Published

Quote:
Originally Posted by Allen C View Post
To all the conspiracy theorists: according to my sources Ray Bitar is unlikely to live more than a couple years and is nearly penniless. He didn't get away with anything. That should be worth more than a random nvger's gossip as I was member of team full tilt.
Nothing less than he deserves, scumbag lived the ultrahigh life for many years on the player's dime


So how many skimmed player dollars did you get away with Mr Cunningham?
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Old 10-23-2014, 02:15 PM   #20
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Re: Ray Bitar Forfeiture Details Published

Quote:
Originally Posted by TheStuntman View Post
This, why isn't he dead yet if he had this "heart problem." Not saying he should die, but shouldn't there be some sort of investigation into this if he said this just to avoid jail time?
All of the photos I have seen of him he looks like a candidate to be on the Biggest Loser. Also he could have these conditions and not literally be on deaths door as many contestants on the show have them and then reverse them with a pro athlete athletic regiment. Here is a photo of him a few years back....http://http://www.pokernews.com/news...o-tiltware.htm
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Old 10-23-2014, 02:25 PM   #21
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Re: Ray Bitar Forfeiture Details Published

Quote:
Originally Posted by Allen C View Post
To all the conspiracy theorists: according to my sources Ray Bitar is unlikely to live more than a couple years and is nearly penniless. He didn't get away with anything. That should be worth more than a random nvger's gossip as I was member of team full tilt.
We dont know this from a troll post but if you're looking for sympathy for this filthy monster, you're in the wrong place.
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Old 10-23-2014, 02:28 PM   #22
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Re: Ray Bitar Forfeiture Details Published

Quote:
Originally Posted by Allen C View Post
That should be worth more than a random nvger's gossip as I was member of team full tilt.
Hate it when people think they are 'worth' more than other people - another pro to add to my dickhead list.
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Old 10-23-2014, 02:57 PM   #23
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Re: Ray Bitar Forfeiture Details Published

what does stevesbets have to do with any of this?
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Old 10-23-2014, 03:04 PM   #24
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Re: Ray Bitar Forfeiture Details Published

I guess flying in lobsta from Maine on a private helicopter doesn't bode well for the BR. He very well could have blown through another 50MM within 3 yrs living a redic lifestyle.
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Old 10-23-2014, 03:05 PM   #25
Allen C
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Re: Ray Bitar Forfeiture Details Published

Sorry, I didn't realize the thread was just about baseless speculation. I just saw ten posts contradicting what I had heard from some people close to Bitar so I thought someone might like to know.

I'll stay on topic -- I'm sure they were wrong and he actually is in perfect health on a private island with billions of dollars and lobsters.

Last edited by Allen C; 10-23-2014 at 03:06 PM. Reason: typo
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