• Second Wave of Charges Hit Full Tilt Directors

    12 September 2012

    Newspaper

    It’s been one year and five months since online poker’s “Black Friday” event that changed the course of online gambling and online poker in the United States and the world, and the chips are still falling.

    Today the US Department of Justice handed a second amended civil complaint against Full Tilt Poker directors Ray Bitar and Howard Lederer, claiming that the duo used the ‘illegal proceeds’ from their online poker room to make personal property purchases.

    To date, here are the most recent “claims for relief” charges:

    • Illegal gambling
    • Travel Act offenses,
    • Bank and Wire Fraud
    • Wire Fraud
    • Promotion Money Laundering and Conspiracy
    • Concealment Money Laundering and Conspiracy
    • Bulk Money Laundering and Conspiracy
    • International Money Laundering and Conspiracy
    • Promotion Money Laundering and Conspiracy

    The above is in addition to the charges relating to Full Tilt and its fraud against its players:

    • Promotion Money Laundering and Conspiracy
    • Concealment Money Laundering and Conspiracy
    • International Money Laundering and Conspiracy
    • Bulk Money Laundering and Conspiracy

    Per the iGamingBusiness article titled “Amended Complaint Issued Against Lederer and Bitar”, the evidence stacked against Lederer and Bitar is staggering, and includes account numbers, referenced houses and property, and no indication that this is the end to the investigation or the charges.