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Black Friday case: Full Tilt Poker CEO arrested at Kennedy Airport
The Black Friday case nearly harmed the perception and the future of online poker. This incident still has a significant influence on the delay of the implementation of online poker market in the United States. On the morning of Monday, July 3rd, the CEO of Full Tilt Poker, the website at the causing of the black day, was arrested by the FBI. In an email, Ray Bitar, 40-years old announced his decision to surrender. He announced that he voluntarily decided to leave Ireland to meet his legal problems. And on his arrival at Kennedy Airport, FBI agents arrested him. The charges against the businessman are very heavy. Indeed, the U.S. government said that Bitar will have decades of imprisonment for the hiding of the real financial problem of the site after Black Friday. This hiding of the truth has been qualified by the term Ponzi chain.
Effectively, Bitar lied to members of Full Tilt Poker that their money is safe. So he somehow always encouraged players to provide funds while the site was already in a precarious situation and had legal problems to solve. Note that Bitar said in the e-mail he wrote from Ireland that he understands the anger of players and promises to repay them through the deal with PokerStars. Moreover, one of his lawyers, Roberto Finzi argued that his client worked hard to find a better solution about this. As for staff salaries, the buyer of the website will cover the payment and everything should be set no later than the end of July.
Source: James WILLIAMS
Thursday, 05 July 2012
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