Full Tilt Poker CEO Ray Bitar Released on Bail

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http://www.pokernews.com/news/2012/0...turn-13027.htm
Report: Full Tilt Poker CEO Ray Bitar Released on Bail, Returning Home to California

According to a report by Forbes, Ray Bitar, the CEO of Full Tilt Poker, will "probably" be released on bail Monday evening and will likely return to his home in California later this week.

Forbes reports that Bitar's attorneys and prosecutors agreed on a bail arrangement on Monday afternoon. The deal was signed by Federal Judge Paul Engelmayer, allowing Bitar to return to his home in Glendora, Calif., for the first time since he was indicted by the Department of Justice on April 15, 2011. Bitar will be electronically monitored by the FBI.

Monday's report comes one week after Bitar was arrested in New York after voluntarily surrendering to U.S. authorities. Upon arriving at John F. Kennedy International Airport, Bitar was hit with a superseding indictment that charged him with defrauding poker customers by lying to them about the security of their funds. He pleaded not guilty to nine counts and faces up to 145 years in prison.

According to Forbes, Bitar must post a $2.5 million personal recognizance bond under the terms of the bail arrangement. He also agreed to add a warehouse he owns to the cash and assets he was posting for bail. Forbes reports that five people close to Bitar are backing his bail commitments.

Judge Engelmayer approved those terms despite the fact that Bitar is "facing very serious charges, charges that have grown over time.”

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Why? Why?

The feds never grant bail once you become a fugitive.



:cosby

According to China thats also the same day Stars will announce they purchased FTP.

The prosecutors and judge just got a shit load of $$ stuffed in their hairy buttholes IMO. Sad, but thats just how shit like this works. Hopefully he'll at least get a footlong cockmeat sandwich with extra mayo from BIG BOB when he does his 60 days.

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Originally Posted by zealanddonk

According to China thats also the same day Stars will announce they purchased FTP.

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:to

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Originally Posted by TheXFactor

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http://www.pokernews.com/news/2012/0...turn-13027.htm
Report: Full Tilt Poker CEO Ray Bitar Released on Bail, Returning Home to California

According to a report by Forbes, Ray Bitar, the CEO of Full Tilt Poker, will "probably" be released on bail Monday evening and will likely return to his home in California later this week.

Forbes reports that Bitar's attorneys and prosecutors agreed on a bail arrangement on Monday afternoon. The deal was signed by Federal Judge Paul Engelmayer, allowing Bitar to return to his home in Glendora, Calif., for the first time since he was indicted by the Department of Justice on April 15, 2011. Bitar will be electronically monitored by the FBI.

Monday's report comes one week after Bitar was arrested in New York after voluntarily surrendering to U.S. authorities. Upon arriving at John F. Kennedy International Airport, Bitar was hit with a superseding indictment that charged him with defrauding poker customers by lying to them about the security of their funds. He pleaded not guilty to nine counts and faces up to 145 years in prison.

According to Forbes, Bitar must post a $2.5 million personal recognizance bond under the terms of the bail arrangement. He also agreed to add a warehouse he owns to the cash and assets he was posting for bail. Forbes reports that five people close to Bitar are backing his bail commitments.

Judge Engelmayer approved those terms despite the fact that Bitar is "facing very serious charges, charges that have grown over time.”

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Why? Why?

The feds never grant bail once you become a fugitive.

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Bail has nothing to do with guilt or innocence.

Last time I checked, one is presumed innocent under the laws of the United States. Ray Bitar is not a flight risk. Good grief, he turned himself in.

It's perfectly normal that he be allowed to roam free and help prepare his defense.

The ankle bracelet monitoring is not supported by any law. I'm amazed that defendants put up with such a restriction when the US Constitution clearly spells out that the Government cannot do that.

Hope he snitches on Howard and Fergeson. Looks probable.

released on bail to make isai and calvin think it's not that bad and turn themselves in too...

:knife