Ray Bitar (FTP CEO) Surrenders to US Government - Confirmed by DOJ - Page 3 - Poker News

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

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07-02-2012 , 12:49 PM

#51

downgoesdown

veteran

Join Date: May 2008 Posts: 2,264

Quote:

Originally Posted by bbfg

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

i'm surprised you don't have him on ignore like half the forum probably does

07-02-2012 , 12:49 PM

#52

Huskermoney00

banned

Join Date: Apr 2011 Posts: 841

Damn where is chinamaniac when you need to make sure this is LEGIT!

07-02-2012 , 12:49 PM

#53

insomniac86

veteran

Join Date: Apr 2008 Posts: 2,142

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.

i agree with this. huge news.

07-02-2012 , 12:50 PM

#54

chzbrglr

old hand

Join Date: Apr 2009 Posts: 1,994

this + pokerstars being legalized in the US would be amazing

07-02-2012 , 12:50 PM

#55

Mecastyles

Pooh-Bah

Join Date: Oct 2007 Posts: 4,657

Quote:

Originally Posted by tommytuffnutz

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

they wouldnt choose ps<3ftp as nickname, this is a <30 yo

07-02-2012 , 12:51 PM

#56

Huskermoney00

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Join Date: Apr 2011 Posts: 841

Yeah I agree too, if the guy ran free for this long why would he stop now? Maybe he is finally thinking straight and wanting to give back what little he can by turning himself to ensure this deal goes through...

07-02-2012 , 12:51 PM

#57

stackinsideways

adept

Join Date: Jul 2008 Posts: 856

OP is the best OP of all time.

thanks for not being scared like every1 else

07-02-2012 , 12:51 PM

#58

kidcharisma1

adept

Join Date: May 2009 Posts: 1,100

Quote:

Originally Posted by Byrung

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

If true we were the first to hear about. I love 2+2. NVG delivers.

07-02-2012 , 12:52 PM

#59

Glitlr

Pooh-Bah

Join Date: Jul 2008 Posts: 4,682

Quote:

Originally Posted by Go Get It

Huge news if true.

WOWOWOW, get it done this month plz.

the thing about "monthly salaries"...this doesn't mean ftp payouts right?

i know for a fact that upon approval of releasing funds there is a max wait period of 90 days (but no min). this was a DOJ stipulation for closing the deal with bernard tapie.

07-02-2012 , 12:54 PM

#60

FishyOnADishy

journeyman

Join Date: Jul 2011 Posts: 247

An FTP bod is facing the legal music, but nobody from PS is?

07-02-2012 , 12:54 PM

#61

xalas

◄Valar Morghulis►

Join Date: Aug 2011 Posts: 5,667

why isn't this info taken to cardplayer/pokernews/bluff or even lv sun, Washington post etc instead it's on the nvg forum on 2+2?

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07-02-2012 , 12:55 PM

#62

Phatty

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old hand

Join Date: Aug 2009 Posts: 1,913

This is a great opportunity for us all to NOT ... wait for it ....

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07-02-2012 , 12:56 PM

#63

bbfg

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Quote:

Originally Posted by Huskermoney00

Yeah I agree too, if the guy ran free for this long why would he stop now? Maybe he is finally thinking straight and wanting to give back what little he can by turning himself to ensure this deal goes through...

Obviously any deal the DOJ would make with PS or FTP or PS AND FTP, however the negotiations are going, would include certain people facing charges in the US. Since Bitar is very high up the foodchain him giving himself to the US has to be of huge strategic importance in the negotiations to finalise a deal. I don't think PS/PS+FTP would actually give Bitar to the US before the deal was a done deal, as it obviously means they would have less negotiating power.

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07-02-2012 , 12:59 PM

#64

bizzle03

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adept

Join Date: Aug 2006 Posts: 1,000

Quote:

Originally Posted by FishyOnADishy

An FTP bod is facing the legal music, but nobody from PS is?

This is jumping to conclusions on both counts. We don't know if Isai Scheinberg is also on a flight to NYC, I'd guess he is as well. We don't know if either of them are facing legal music or simply sitting down for a jam session together before the bands amicably break up.

Agreed that it would be strange and unlikely for criminal procedures to be dropped for one, but not the other, simply because the other (Isai Scheinberg) paid a civil settlement.

Simply put, we don't know who is facing what, when, or where.

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07-02-2012 , 12:59 PM

#65

randominternet2345

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Posts: n/a

lets goooooo

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07-02-2012 , 12:59 PM

#66

Huskermoney00

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banned

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Quote:

Originally Posted by FishyOnADishy

An FTP bod is facing the legal music, but nobody from PS is?

I think thats one of the deals for this to go through.... was the only person facing legal action was the owner of PS but part of the deal is he will just step down and not face legal action?

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07-02-2012 , 01:00 PM

#67

There Is A Light

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Pooh-Bah

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Fulltilt still has paid staff? What do they do everyday? Turn up and drink tea?

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07-02-2012 , 01:01 PM

#68

28renton

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How on earth could someone convince Ray Bitar, a rich guy who's safe from extradition (I believe), to turn himself in? He could have lived out the rest of his life in (relative) freedom with loads of money, yeah? Could it be true he does actually want to see players paid back? Could it be true he does actually have a conscience?

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07-02-2012 , 01:01 PM

#69

bbfg

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Quote:

Originally Posted by Glitlr

the thing about "monthly salaries"...this doesn't mean ftp payouts right?

i know for a fact that upon approval of releasing funds there is a max wait period of 90 days (but no min). this was a DOJ stipulation for closing the deal with bernard tapie.

If the deal closes and is announced imo non-USA people can expect their money reasonably fast, it's PS afterall. The salaries are simply necessary to "keep FTP running" until the deal actually closes I think, sounds silly right now but FTP needs to keep running, and salaries are necessary for that.

So obviously the guarantee of an additional month of salaries by PS doesn't mean it's a done deal, but combined with everything else we know it's reason enough to be optimistic imo .

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07-02-2012 , 01:01 PM

#70

tommytuffnutz

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banned

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insta 2k viewers on nvg...how does it spread so fast..amazing

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07-02-2012 , 01:03 PM

#71

FishyOnADishy

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journeyman

Join Date: Jul 2011 Posts: 247

Quote:

Originally Posted by bizzle03

This is jumping to conclusions on both counts. We don't know if Isai Scheinberg is also on a flight to NYC, I'd guess he is as well. We don't know if either of them are facing legal music or simply sitting down for a jam session together before the bands amicably break up.

Agreed that it would be strange and unlikely for criminal procedures to be dropped for one, but not the other, simply because the other (Isai Scheinberg) paid a civil settlement.

Simply put, we don't know who is facing what, when, or where.

I'm not jumping to conclusions; I'm merely asking a question based on the OP.

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07-02-2012 , 01:03 PM

#72

Berlino

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What bad news!

Ray has been working so hard for so long to get everyone paid back and now he's out of the picture.

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07-02-2012 , 01:04 PM

#73

bbfg

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Quote:

Originally Posted by 28renton

How on earth could someone convince Ray Bitar, a rich guy who's safe from extradition (I believe), to turn himself in? He could have lived out the rest of his life in (relative) freedom with loads of money, yeah? Could it be true he does actually want to see players paid back? Could it be true he does actually have a conscience?

Multiple sources have stated that Ray Bitar is the only one from the BoD of FTP who was working his ass off to get players their money back. Obviously we will never know if this is true and obviously it doesn't mean we should all be forgiving towards him, but it's something.

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07-02-2012 , 01:04 PM

#74

28renton

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old hand

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What should this monday be called? Also, I guess it's true that good news is released on mondays.

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07-02-2012 , 01:04 PM

#75

Ditch Digger

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I'm sure Bitar's lawyer when through his letter to the staff with a fine tooth comb. Even if the deal is 99.9% done he'd be an idiot to announce anything before the DOJ and Stars announces it.

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