Former Full Tilt Poker CEO Ray Bitar (pictured), who is dealing with a reportedly grave heart condition, pleaded guilty on Monday to conspiracy and was sentenced only to time served, according to the Washington Post. He will also have to fork over his assets and will now apparently address his medical condition. Read the story.

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Bitar entered his plea in a New York courtroom on Monday, several thousand miles away from where he was being detained in California, as he appeared via video feed. Last Monday, it was revealed that Bitar needed a heart transplant, according to the Wall Street Journal, and had a 50-50 chance of surviving longer than 12 months. Diamond Flush characterized the ailment as NYHA Class 4, which is the most serious condition of heart failure.

According to the Post, “Prosecutors had alleged he falsely told poker players their money would be safe. But, they said nearly $300 million owed to players worldwide was missing. His lawyers said previously that he was helping recover money.”

Diamond Flush added last week, “Bitar is suffering from a severe heart condition, diagnosed in November 2012, that can be treated no other way than through a heart transplant or the implementation of ‘an artificial heart.’ [Bitar’s attorney] presented the court with Bitar’s medical records for [the Judge’s] review and he advised the court that the defense and prosecution, with the medical issues in mind, have been working toward some resolution in this case since January.”

According to Diamond Flush Poker’s Twitter account, Bitar (pictured with Howard Lederer and Harry Reid) pleaded guilty to both conspiracy and a UIGEA violation, although the Post only mentioned the former charge. Pokerfuse pinned the amount due to the Federal Government at $40 million in cash as well as several assets, presumably including pieces of real estate that Bitar owns.

PokerNews quoted the judge in the case as saying, “The driving factor in this sentence is Mr. Bitar’s precarious health condition. The Federal Bureau of Prisons is not able to provide the care that Mr. Bitar needs. Prison almost undoubtedly would kill him. The possibility of prison would make Mr. Bitar ineligible for a heart transplant, which would also impose a death sentence.”

Pokerfuse added that Bitar was “scheduled to enter a heart transplant program in early May.” Whether anything will come out of it remains to be seen.

Bitar surrendered to U.S. authorities in July 2012 and pleaded not guilty. His bail of over $2 million was posted one week later. Diamond Flush added on Twitter, “FWIW. Time served is the 7 days spent in jail when he surrendered last July.”

We’ll have further updates as they become available right here on PocketFives.

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