Full Tilt Poker CEO detained at JFK Airport
Full Tilt Poker founder Raymond Bitar was detained at John F. Kennedy International Airport Monday. Bitar faces charges of betting, bank fraud, conning customers and money laundering. He had assured poker players that their money was kept in segregated accounts. However, Full Tilt Poker used players' money to pay the company's managers.
Nelson Burtnick, ex-manager of payment processing, is also accused. He has not been arrested
so far. Bitar returned to the US after he had lived in Ireland for over 12 months. "I'm aware of the anger that I have caused and I can imagine why. The company should never had used players' money," Bitar stated.
$350 million in players' money
The FBI closed down Full Tilt Poker in April last year. They also shut down other online casinos on accusations of hiding players' transactions. Bitar had guaranteed players that their money was separated from company funds. However, when the poker site was shut down, they weren't able to refund players' money. Full Tilt Poker allegedly owes account holders $350 million.