Ray Bitar (FTP CEO) Surrenders to US Government - Confirmed by DOJ - Page 2 - Poker News

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Ray Bitar (FTP CEO) Surrenders to US Government - Confirmed by DOJ

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07-02-2012 , 12:35 PM

#26

hotwatermusic

banned

Join Date: Jun 2012 Posts: 171

Yeah like someone said earlier, this guys only other post is the thread about Pokerstars buying FTP a few months back.

07-02-2012 , 12:35 PM

#27

bbfg

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 12,264

In my opinion it has to be a done deal if Bitar surrenders. No way he surrenders if there's a chance everything falls through.

07-02-2012 , 12:36 PM

#28

GeneHackman

centurion

Join Date: Jun 2012 Posts: 185

cue excited basketball fan gif.

07-02-2012 , 12:36 PM

#29

yurk

old hand

Join Date: Aug 2006 Posts: 1,765

Grain of salt but given the source I'm inclined to trust for a little while.

07-02-2012 , 12:37 PM

#30

kidcharisma1

adept

Join Date: May 2009 Posts: 1,100

We really are going to need a reliable source or respected poster. Or this gets locked in less then an hour.

Noah, DF, somebody with more posts.

07-02-2012 , 12:37 PM

#31

bizzle03

adept

Join Date: Aug 2006 Posts: 1,000

Quote:

Originally Posted by PS<3FTP

Raymond Bitar surrendered today (July 2, 2012) in New York. Also included is the email that went out to the staff in Dublin.

FTP CEO doesn't know that PokerStars - the company buying them- is one word? No wonder FTP is in the shape it is in today.

The OP is reliable. He broke the original PS story at like 5 am. It was immediately deleted but then put back up when verified by others.

07-02-2012 , 12:37 PM

#32

PSUStudent

veteran

Join Date: Sep 2008 Posts: 2,643

Quote:

Originally Posted by PS<3FTP

Quote:

I believe that your hard work and dedication should not go unrecognized, and we have made arrangements for Poker Stars to guarantee all July salaries. You should therefore have no concern about coming to work during this period. After that, we expect that your employment contracts will be assumed by the buyer of the company’s assets.

This part is interesting. I guess if ftp staff is being compensated by stars for july but nothing sure after that then this deal is still at least a couple of months away from being finalized but if he's claiming he's going to the US as part of the deal then defn. very likely stars is going to buy ftp eventually.

but then again, you can't really take what ray bitar says at face value too much

also, confirmed part of ftp staff is op

07-02-2012 , 12:37 PM

#33

SuperJez

banned

Join Date: Mar 2005 Posts: 2,087

in b4 he spills guts about howard and chris

07-02-2012 , 12:38 PM

#34

MikeBucks

journeyman

Join Date: Apr 2008 Posts: 327

Thanks OP! Gives us some hope!

07-02-2012 , 12:38 PM

#35

d1sc0nnec7ed

centurion

Join Date: Oct 2011 Posts: 181

Quote:

Originally Posted by evechad

wondering same thing

Um,

[x] Works at Full Tilt/Knows someone who works at Full Tilt
[ ] Can predict the future.

Great news though.

07-02-2012 , 12:39 PM

#36

camz2895

Carpal \'Tunnel

Join Date: Apr 2006 Posts: 7,272

very interested in what comes of this

07-02-2012 , 12:40 PM

#37

SW_Kaizer

veteran

Join Date: Jun 2012 Posts: 2,192

been so long now i've forgotten my FTP email address :/

07-02-2012 , 12:42 PM

#38

ALRounder

centurion

Join Date: Oct 2010 Posts: 173

I miss pokerstars

07-02-2012 , 12:42 PM

#39

joeyrulesall

Pooh-Bah

Join Date: Feb 2011 Posts: 3,532

Quote:

Originally Posted by bbfg

In my opinion it has to be a done deal if Bitar surrenders. No way he surrenders if there's a chance everything falls through.

Was hopeful til I saw your opinion. You have been consistently wrong every time you have stated your opinion.

07-02-2012 , 12:43 PM

#40

fredd-bird

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 19,337

In before 4000 posts.

07-02-2012 , 12:43 PM

#41

bbfg

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 12,264

Quote:

Originally Posted by bizzle03

FTP CEO doesn't know that PokerStars - the company buying them- is one word? No wonder FTP is in the shape it is in today.

Yeah, that is the reason people should use to criticize Ray Bitar

Quote:

Originally Posted by PSUStudent

I think it's more likely that there is no more money left for salaries and obviously the employees are not going to sit around waiting for Pokerstars when they are no longer being paid. It's a matter of making sure no employees decide to finally give up waiting. Ensure one more month of salary=employees will be hopeful.

07-02-2012 , 12:43 PM

#42

SpecialOne

journeyman

Join Date: Sep 2011 Posts: 282

Quote:

Originally Posted by joeyrulesall

Was hopeful til I saw your opinion. You have been consistently wrong every time you have stated your opinion.

it does make sense though, why would he surrender now?

07-02-2012 , 12:43 PM

#43

SleeveOfWizard

veteran

Join Date: Jan 2008 Posts: 2,550

less than 10k on there at the end of it all, but wow getting it back would be huge. let's hope this is a sign of many good things to come

07-02-2012 , 12:45 PM

#44

Byrung

too late axe in car

Join Date: Aug 2011 Posts: 4,395

Quote:

Originally Posted by kidcharisma1

We really are going to need a reliable source or respected poster. Or this gets locked in less then an hour.

Noah, DF, somebody with more posts.

Pretty sure the OP is an employee from one of the two companies so it cant get anymore credible than this

07-02-2012 , 12:46 PM

#45

Leo Bello

grinder

Join Date: May 2004 Posts: 514

Following

07-02-2012 , 12:46 PM

#46

tommytuffnutz

banned

Join Date: Jun 2011 Posts: 638

op is somebody extremely high up in the ftp/ps food chain..if it was lederer or fergusen wouldn't surprise me

07-02-2012 , 12:46 PM

#47

bbfg

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 12,264

Quote:

Originally Posted by joeyrulesall

Was hopeful til I saw your opinion. You have been consistently wrong every time you have stated your opinion.

If you're going to be a pessimistic ******* again, let me cut things short: wanna bet on something?

07-02-2012 , 12:47 PM

#48

Outcast10

grinder

Join Date: Nov 2010 Posts: 636

07-02-2012 , 12:47 PM

#49

Bitter13

centurion

Join Date: Aug 2007 Posts: 130

Quote:

Originally Posted by Posemuckel

Why not, when Pokerstars is paying?

Yeah but FT has been literally dead in the water for 1 year now. What kind of work would a staff be doing in Dublin the past 12 months and where was the payroll coming from???

07-02-2012 , 12:48 PM

#50

joeyrulesall

Pooh-Bah

Join Date: Feb 2011 Posts: 3,532

Quote:

Originally Posted by bbfg

If you're going to be a pessimistic ******* again, let me cut things short: wanna bet on something?

Just like last time you wanted to bet and would have lost? Obviously once again I'm a us player and don't have a way to transfer money. Tell me what I have to do to escrow money and what time frame your looking for.

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