FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP) - Page 1266 - Poker News

If there were an extension filed it might not show up on pacer till sometime early next week. Right?

Edit: never mind I see you edited your post to include the possibility it might not show up on pacer till next week.

07-06-2012 , 04:26 PM

#31628

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,511

Quote:

Originally Posted by NeedsToBeSaid

http://www.scribd.com/doc/99359816/G...bail-for-Bitar

Bitar's birthday is the 14th of April... What a present he got ~ a year and a half a go.

Also the Government implies he knew it was coming...

It also says there was an internal debate going on at FTP after BF, where he wanted control of the company and was backed by some in the company, to the dismay of other shareholders...

Awesome quote:

Quote:

Full Tilt Poker’s increasingly desperate game of robbing Peter to pay Paul continueduntil June 29, 2011

And **** this guy:

Quote:

Bitar’s inability torepay players did not mean an inability to continue paying himself, however, and Bitar withdrewover $2 million salary payments after the original April 15, 2011 indictment.

Last edited by Go Get It; 07-06-2012 at 04:31 PM.

07-06-2012 , 04:27 PM

#31629

NxtWrldChamp

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 9,082

Quote:

Originally Posted by NeedsToBeSaid

Yes, it is from the government's motion appealing the decision to grant Bitar bail. It was filed today.

So im assuming that is straight from the DOJ and they said FTP is close to new ownership. That seems huge?

07-06-2012 , 04:27 PM

#31630

NeedsToBeSaid

adept

Join Date: Sep 2011 Posts: 997

Quote:

Originally Posted by novahunterpa

If there were an extension filed it might not show up on pacer till sometime early next week. Right?

While I'm not sure, I don't believe that is true. Justia is generally a couple of days behind. For example, last week's extension was filed was filed Friday and was on Justia on Sunday. However the Bitar document was filed today and is on pacer.

07-06-2012 , 04:28 PM

#31631

ItsAboutTimeIAte

journeyman

Join Date: Apr 2012 Posts: 397

such a sick sweat for all who have huge amounts of their net worth riding on this....i cant even count how many stressful moments/days i have had over this.....gl everyone

07-06-2012 , 04:28 PM

#31632

markksman

Carpal \'Tunnel

Join Date: Oct 2007 Posts: 20,921

Quote:

Originally Posted by exoendo

one would assume that ray bitar would have at the very least been involved in the negotiations. wouldn't him turning himself in (and now limiting his ability to participate in the negotiations) be evidence that he feels as a deal is near done, even if him turning himself in isn't necessarily a pre-requisite to a deal?

Bitar turning himself in has nothing to do with any ps/doj deal for FTP assets. He may claim that for pr purposes but it is not true. The guy is a crook who orchestrated the theft of 400 million dollars. People really think he is trying to get players repaid? That is the last thing on his mind.

07-06-2012 , 04:29 PM

#31633

novahunterpa

Pooh-Bah

Join Date: Jun 2008 Posts: 5,244

Quote:

Originally Posted by Go Get It

Bitar's birthday is the 14th of April... What a present he got ~ a year and a half a go.

Also the Government implies he knew it was coming...

He probably knew there was a grand jury investigating FTP and other online poker operations. About a year before BF there was a report in the Financial Times that a grand jury was looking into FTP,so I imagine that Bitar heard about it.

07-06-2012 , 04:30 PM

#31634

NeedsToBeSaid

adept

Join Date: Sep 2011 Posts: 997

Quote:

Originally Posted by NxtWrldChamp

So im assuming that is straight from the DOJ and they said FTP is close to new ownership. That seems huge?

I recommend reading the document and drawing your own conclusions.

07-06-2012 , 04:32 PM

#31635

NxtWrldChamp

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 9,082

Quote:

Originally Posted by markksman

I feel like Noah made a post a while back to where he said some positive things about Bitar's attempts to repay players. Not that its a big deal but Noah gave the impression Bitar was actually working hard to get things worked out.

07-06-2012 , 04:32 PM

#31636

novahunterpa

Pooh-Bah

Join Date: Jun 2008 Posts: 5,244

Quote:

Originally Posted by NeedsToBeSaid

That could be correct, I know Justia sometimes can a few days but i'm not really sure about pacer.

07-06-2012 , 04:37 PM

#31637

nbajam

adept

Join Date: May 2004 Posts: 940

Pacer documents are generally available as soon as they're filed I believe.

07-06-2012 , 04:38 PM

#31638

NeedsToBeSaid

adept

Join Date: Sep 2011 Posts: 997

Quote:

Originally Posted by novahunterpa

He sure did a great job preparing the company. Things like that are pretty enraging. Why not just keep taking deposits you can't collect when your business is about to be cut of from the market? I hope he gets life.

07-06-2012 , 04:39 PM

#31639

Water Man

centurion

Join Date: Jan 2011 Posts: 173

He attempted to access $24 million that the doj was unaware of!!! Wow. I wonder how many other accounts he has that they dont know of. What a peice of ****

07-06-2012 , 04:41 PM

#31640

Picasso

adept

Join Date: Aug 2010 Posts: 829

Quote:

Originally Posted by NxtWrldChamp

i kind of remember this too, but at the same time, the guy is nearly 100% responsible for getting the company into this mess to begin with. others can and should take some of the blame for not doing more to stop it, but he knowingly let the company be looted and tried to cover it up for as long as possible.

07-06-2012 , 04:41 PM

#31641

amirapuato

newbie

Join Date: Mar 2012 Posts: 17

Quote:

Originally Posted by NeedsToBeSaid

http://www.scribd.com/doc/99359816/G...bail-for-Bitar

"Accordingly, the Government advised the defendant on July 3, 2012 that it intended to appeal the denial of detention order at the initial conference before the Court on Monday, July 11."

WTF??

07-06-2012 , 04:42 PM

#31642

exoendo

Pooh-Bah

Join Date: Mar 2008 Posts: 5,583

Quote:

Originally Posted by markksman

you deny that he, as an owner of FTP, has not been in negotiations to permit the sale of the company?

07-06-2012 , 04:44 PM

#31643

NeedsToBeSaid

adept

Join Date: Sep 2011 Posts: 997

Quote:

Originally Posted by amirapuato

"Accordingly, the Government advised the defendant on July 3, 2012 that it intended to appeal the denial of detention order at the initial conference before the Court on Monday, July 11."

WTF??

I noticed that typo as well.

07-06-2012 , 04:46 PM

#31644

FDSaussure

old hand

Join Date: Apr 2006 Posts: 1,242

Quote:

Originally Posted by amirapuato

"Accordingly, the Government advised the defendant on July 3, 2012 that it intended to appeal the denial of detention order at the initial conference before the Court on Monday, July 11."

WTF??

July 2016, then.

07-06-2012 , 04:49 PM

#31645

SamENole

journeyman

Join Date: Feb 2006 Posts: 250

So if there were a safe, easy, and legal way to buy and sell people's FTP $ (and there obviously isn't), what would the going rate be right now?

I would guess somewhere between 60 and 75 cents? Is that high? low? Just curious.

07-06-2012 , 04:52 PM

#31646

Mondogarage

Pooh-Bah

Join Date: Dec 2006 Posts: 4,801

Quote:

Originally Posted by NeedsToBeSaid

PACER is generally within an hour or two. Can depend on what time of day the pleading is filed, and can end up not showing on PACER until the following morning. Also, sometimes, ECF/PACER servers are taken down for a few hours for maintenance, so no updates during that time.

07-06-2012 , 04:52 PM

#31647

momo_the_kid

grinder

Join Date: Aug 2005 Posts: 627

Quote:

Originally Posted by SamENole

If there is no risk of default, the going rate should be at least 90 cents now.

07-06-2012 , 04:54 PM

#31648

ShipItYo

veteran

Join Date: Nov 2008 Posts: 2,041

Quote:

Originally Posted by NeedsToBeSaid

There's been no extension filed according to pacer. The last extension was filed last Friday. Maybe it will still be filed today or Monday however.

wait what? so then what's all this talk about an extension being granted/requested till the 9th or whatever...??? im so confused

07-06-2012 , 04:54 PM

#31649

Mondogarage

Pooh-Bah

Join Date: Dec 2006 Posts: 4,801

Quote:

Originally Posted by novahunterpa

That could be correct, I know Justia sometimes can a few days but i'm not really sure about pacer.

This difference is, PACER is the official search site of the U.S. Courts, and JUSTIA, as far as I know, pulls everything off PACER and puts it up on their site. So PACER would necessarily be quicker, because it goes straight from ECF filing to PACER.

07-06-2012 , 04:56 PM

#31650

friendlyman

banned

Join Date: May 2012 Posts: 22

"That the defendant eventually decided to return to face the prior version of the charges – shortly before new ownership was expected to take over at Full Tilt Poker and terminate Bitar anyway, jeopardizing his ability to remain in Ireland"

I assume the new ownership is Stars, but why would this jeopardize his ability to remain in Ireland?

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