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Six and a half years after Black Friday, Ray Bitar reappeared in the news this week. The title of the BBC article reporting the incident started with “Full Tilt Poker scam,” and the report went on to describe £9.5 million that was laundered by Bitar through the island of Guernsey and then returned to the United States. Full Tilt Poker Usa Real Money, free poker sites no download no money, como ganar dinero en el texas holdem poker, online poker for money usa $6,000 Bonus Pixies of the Forest PLAY FREE.
Players outside of the United States and certain regulated European countries can now return to the real money poker tables of Full Tilt Poker or withdraw their balances.
At midday UTC, or 1pm across central Europe, real money tables were deployed and full cashier functionality was enabled, permitting withdrawals and PokerStars-to-Full Tilt transfers.
Players have apparently flocked to the tables, with many active games up to high stakes. There are however some teething problems—the player-to-player transfer facility was unavailable at the time of writing, and certain cashier features were not working—which FTP is working to resolve. The new “Edge” store is also currently offline.
All real-money players will have received their large welcome bonus, part of the “deal me in” promotion that started today and runs for a week. Players can check their offer, a minimum of $200, under “requests > check my bonus offer” from the menu.
Early Morning Happy Hour, giving 2x the loyalty points, is running right now too. Happy Hours will run around the clock in the first week, alternating between games.
A lot of familiar names have returned for opening hour. “IReadURSoul” was sitting at the $400/800 NL tables, the highest big-bet stakes Full Tilt now offers. Fixed limit specialist “jama-dharma” was sitting at the $2k/4k limit hold’em tables. Active games up to $50/100 NL and $25/50 PLO were observed.
The new “Edge” program is also now live. Offering a max of 25% rakeback for the highest “diamond tier,” Full Tilt has said it is not looking to compete with sister-site PokerStars with high rakeback deals for high-volume grinders.
Not all players will start Edge at the baseline “bronze” level: Depending on activity in Iron Man, Black Card and previous activity leading up to June 2011, players may have been assigned a higher tier to start. Players can check their status from the new “Edge” menu in the client.
In total, $186m will be returned to non-US players. Those in Spain, France, Belgium, Italy and Denmark cannot play on Full Tilt, but can withdraw their funds through PokerStars. PokerStars is still working with Italian regulators to provide a similar withdrawal process.
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Six and a half years after Black Friday, Ray Bitar reappeared in the news this week. The title of the BBC article reporting the incident started with “Full Tilt Poker scam,” and the report went on to describe £9.5 million that was laundered by Bitar through the island of Guernsey and then returned to the United States.
When the repayment process for former Full Tilt Poker players finished processing claims in 2016 and early 2017, many in the poker community hoped it was the last they would hear about the online poker operator and its crimes, mismanagement, mistakes, indictments, and schemes. While some figures from the Full Tilt era keep reappearing – as in Chris Ferguson playing enough World Series of Poker tournaments in 2017 to become the Player of the Year – Bitar was not a name anyone expected to hear.
Yet here we are.
Money Laundering Fail
The US Department of Justice knew that Bitar hid money in various places around the world to avoid its seizure when he was convicted and sentenced. The problem seemed to be that he did a good job of hiding or laundering it through inconspicuous channels.
That led the US Department of Treasury to sign deals with several nations, including Guernsey, to help detect monies that were laundered or otherwise stored by or for offshore companies and targeted by criminals. In particular, the US and Guernsey signed an agreement in 2015 to share any found finances.
Guernsey did just that. They discovered £10.6 million (nearly $14.3 million) laundered through Guernsey, part of the Channel Islands in the English Channel and off the coast of France, of which £9.5 million was said to belong to Bitar. That total amount was shared with the US per the 2015 agreement, as the BBC reported the money related to Full Tilt Poker and another case.
Authorities in Guernsey seized bank accounts and financial records from 2012 to 2015 to help discover and seize the funds. The island’s attorney general, Megan Pullum QC, noted the dedication and persistence of her authorities as well as the value of cross-country partnerships.
Full Tilt Fail
When the Black Friday indictments were handed down and cases were prosecuted, Bitar emerged as the evilest of the villains. Bitar was the CEO of Full Tilt Poker and one of several company directors and defendants accused of fraud and money laundering in the Full Tilt “Ponzi scheme,” as labeled by the United States Department of Justice, but Bitar was widely believed to be the main person behind any intentional mismanagement of player funds.
I remember u saying the ultimate reason you didn't invest in Full Tilt was because they chose Ray Bitar to be CEO. Sometimes its that simple
— JC (@WashDC1010) August 15, 2017
Bitar eventually reached a deal with prosecutors in 2013 to plead guilty to unlawful internet gambling and conspiracy to commit bank fraud and wire fraud. He admitted to working with others to defraud online poker customers of Full Tilt by lying about the security of their funds, falsely stating that their money was segregated from operating money, all while accepting payments from those accounts. This plea deal was announced on April 15, 2013, exactly two years after the seizure of US-facing online poker sites.
Part of the plea deal was an agreement that Bitar would forfeit $40 million in cash and property. He was sentenced to time served and avoided more prison time due to a supposed heart condition that put him in desperate need of a heart transplant to survive.
Since that time, no one has been able to confirm a heart transplant or any type of deteriorating health as his attorneys claimed was inevitable.
Tarnished Former Full Tilt Exec Ray Bitar Gets 10 Year Irish Business Ban, and a miracle. https://t.co/AIGsjzOSftpic.twitter.com/w2oICplAjI
— CardsChat (@CardsChat) July 19, 2016
Meanwhile, however, the US government continued to pursue leads regarding money that Bitar had hidden, laundered, or illegally maintained since his sentence, which led to the discovery of the money in Guernsey.
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The many victims of the Full Tilt Poker crimes thought they no longer had to hear about Bitar, or even Full Tilt for that matter. While Ferguson and Lederer may appear at poker tournaments or cash games now and again, and Phil Ivey remains revered by poker fans around the world, the majority of FTP business had been completed and stored away in unpleasant memories. Even the repayment of Full Tilt funds by the Garden City Group wrapped most of its business in 2016 and made its final payments in 2017, leading the GCG to close the case on June 7, 2017.