Law360, New York (July 09, 2012, 7:06 PM ET) -- A New York federal judge on Monday released Full Tilt Poker CEO Raymond Bitar on $2.5 million bail, one week after he was arrested and charged in a superseding indictment with defrauding poker customers through an Internet Ponzi scheme.
U.S. District Judge Paul A. Engelmayer approved a revised bail package for Bitar, who was arrested July 2 and charged with using new customer money to repay older creditors and fund Full Tilt’s operations. The charges came on top of an April 2011 indictment alleging Bitar and...
Full Tilt CEO Freed On $2.5M Bail After Ponzi Charges
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