Update on Ray Bitar: Forfeiture Details Released, “Dying” of Heart Ailment

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In April, former Full Tilt Poker CEO Ray Bitar(pictured) pleaded guilty to conspiracy for his role in the online poker site’s financial debacle and was sentenced to time served despite facing three-and-a-half decades behind bars. The reason: a potentially fatal heart condition that gave him a 50% chance of living less than a year. Six months later, his health condition seems to be status quo, but details of his $40 million forfeiture have been released.

According to FlushDraw, “The $40 million was comprised of funds seized or surrendered from 18 separate bank accounts under Bitar’s control located in Scotland, Ireland, Malta, Germany, and… Dallas, Texas.” The same site reported the specific list of banks as follows:

Two numbered accounts at the Royal Bank of Scotland International (Scotland)
Three accounts at the Bank of Ireland (Ireland)
One account at the Bank of Scotland Ireland, Inc. (Ireland)
Two accounts at National Irish Bank (Ireland)
One account at Allied Irish Bank (Ireland)
Five accounts at Bank of Valletta (Malta)
Two accounts at Wirecard Bank AG (Germany)
Two accounts at Comerica Bank (Dallas)

FlushDraw added that Bitar gave up property around North America, including in California, Indiana, and Bermuda. He also relinquished shares in various companies.

With the property and assets evaporated, Bitar’s life is reportedly in shambles. To that end, former Full Tilt Poker pro Allen Cunningham (pictured) commented on TwoPlusTwo, “To all the conspiracy theorists: according to my sources, Ray Bitar is unlikely to live more than a couple years and is nearly penniless. He didn’t get away with anything.”

Cunningham added that Bitar has not yet addressed his heart ailment and, to use his words, is “dying.” He explained, “I feel like that’s not getting away with it in a karmic way at least. And especially in contrast to the conjecture at the beginning of the thread that he had hidden accounts and faked the heart problem. I would trade places with any of his victims over him. Some people still haven’t gotten paid and it’s mostly Ray Bitar’s fault, but he isn’t benefiting from it.”

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11 COMMENTS

    • Is is me? Or is Cunningham a total non hetero wierdo fruit basket

      Forget Bitar…Exactly Karma, flow, nature, God

    • he ruined the lives of thousands of young people across the world after living the life of luxury for years. he may not be benefiting from the situation anymore but he has already benefited several lifetimes worth by stealing from us. doubt he cares about dying at this point, he’s likely experienced everything in life he wanted to over the past decade. hell death right after his downfall is getting off easy IMO. a better “karmic” punishment would be him living to a ripe old age while rotting in a jail cell.

    • never understood this logic. “He can’t go to prison, he’s dying.” So basically everyone who is terminal should go on a crime spree???

    • never understood this logic. “He can’t go to prison, he’s dying.” So basically everyone who is terminal should go on a crime spree???

      It was April 2013 not 2014 so it’s 1.5 years since sentencing.

    • never understood this logic. “He can’t go to prison, he’s dying.” So basically everyone who is terminal should go on a crime spree???

      so you’re saying everyone wants to commit crime?

    • What a TOOL Allan is…So he ripped off people and since he doesn’t have money now,he needs our support…Screw off Alan Cunnigham.

    • he ruined the lives of thousands of young people across the world after living the life of luxury for years. he may not be benefiting from the situation anymore but he has already benefited several lifetimes worth by stealing from us. doubt he cares about dying at this point, he’s likely experienced everything in life he wanted to over the past decade. hell death right after his downfall is getting off easy IMO. a better “karmic” punishment would be him living to a ripe old age while rotting in a jail cell.

      ^^^