Ray Bitar Must Give Up $3m Mansion, Surrender 18 Bank Accounts

Written by :

Nagesh Rath

Published on :

25 April, 2013

Former Full Tilt Poker CEO Ray Bitar may not be serving any jail time but he will have to surrender several coveted assets including a $3 million mansion in Glendora, California.

Bitar was among those indicted for his role in running an illegal online poker room, Full Tilt Poker. He recently plead guilty to charges of fraud and violating a 2006 gambling prohibition act.

Prosecutors determined Bitar had only a short time to live due to a debilitating heart disease, thus they decided not to pursue a prison sentence. The former Full Tilt Poker head honcho will require a new heart within the next 12 months or else face death. Ending up behind bars would have made Bitar ineligible for the transplant.

The other assets he is forced to give up is enough to give even the healthiest individual a heart attack.

Several properties, 18 bank accounts, timeshares in a Bermuda golf resort and ownership in various enterprises must be surrendered.

- Nagesh Rath, Gambling911.com

Crime

Gambling News

Poker

Sarasota Florida Establishments Latest in State to Be Hit By Gambling Raids

Three alleged illegal gambling establishments in Englewood, Florida are the latest to be hit by gambling raids in the state that have thus far resulted in more than 184 illegal gambling arcades being shut down over the last year.

Another Arrest Warrant Issued for Disgraced Nevada Sports Handicapper Vegas Dave

David Oancea, known to his social media followers as Vegas Dave, was found in contempt of court once again after the social media influencer failed to show up for court proceedings in a protracted civil case in which he owes debtors tens of millions of dollars.

Feds: Hammond Indiana Area Alleged Gambling Ring Operator Sent Witnessess Death Threats From Church

James "Jimmy the Greek" Gerodemos took video of flaming memorial candles in the back of a church, candles to honor the dead, and then sent the video to degenerate gamblers who owed money to his bookies, according to court filings.

Connecticut Former Funeral Director Who Gambled Away Families' Funds Enters Guilty Plea

Phillip Pietras, 51, is expected to be sentenced to more than seven years behind bars.