Ray Bitar the former Full Tilt CEO has returned to New York and been arrested by the FBI.

The FTP co-founder and also CEO has turned himself in to the US authorities in New York.
The US Attorney’s Office for the Southern District of New York has reported that Bitar had returned to the US from Ireland, giving himself up to the FBI.

The TwoPlusTwo poker forum was the first to break the news, with a post purporting to be an internal email sent to Full Tilt staff based in Ireland by Bitar.
To which he explained that he was to “return to the US to deal with civil and criminal cases that are pending against him in New York,” and all but confirmed the stricken brand’s impending acquisition by former rivals PokerStars.

The email to FTP staff is as follows:

“To all Dublin Staff,

By now you probably have heard that I have returned to the US to deal with civil and criminal case that are pending against me in New York. We have all worked hard over the last 15 months to preserve Full Tilt’s assets and potential in order to provide for the repayment of all players, and that continues to be our top priority. It is as important as ever that we all do everything possible to make that happen and, hopefully our deal with Poker Stars will very soon make our goal a reality. My return to the US is part of this process.
I am particularly grateful to all of you here in Dublin for your hard work, patience and understanding during this difficult time. I believe that your hard work and dedication should not go unrecognized, and we have made arrangements for Poker Stars to guarantee all July salaries. You should therefore have no concern about coming to work during this period. After that, we expect that your employment contracts will be assumed by the buyer of the company’s assets.
For those that need to reach me, I expect to continue to be available by email and phone starting late Monday, New York time.

Thank you all again.

Kind regards,

Raymond J. Bitar”

The question now is will fellow founders of FTP, Chris Ferguson and Howard Lederer also follow suit later today and also hand themselves in ahead of any announcement by the US DOJ or PokerStars on the deal?

Casino Life & Business Magazine is watching the news an we’ll inform you in due time about any other developments.

Source: gaming-awards.com

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