Tag Archives: Raymond Bitar

Ray Bitar to Plead Guilty and may Avoid Jail Time as he Awaits Heart Transplant

Posted on by RTR Dave

Former Full Tilt CEO Raymond Bitar has reportedly reached a plea agreement with federal prosecutors that will see him forfeit roughly $40million worth of assets but spend no time in jail; arguing that his being diagnosed with class 4 heart failure should exempt him from a prison sentence. Doctors say that Bitar’s Class 4 heart failure means that without a transplant or artificial heart, his chances for survival over the course of the next 6 months to a year are around 50%; and a prison sentence would most likely mean Ray Bitar would be struck from the list of candidates …

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