Full Tilt Poker’s Bitar Can Be Released on Bond Judge Rules | This Week in Gambling - News | Scoop.it

Full Tilt Poker founder Raymond Bitar and Nelson Burtnick, head of payment processing, were named in a new indictment alleging they defrauded customers to conceal the firm’s cash-poor condition after charges were filed last year.

Prosecutors said that even after Manhattan U.S. Attorney Preet Bharara unsealed the initial indictment against the two men and nine others in April 2011, Bitar and Burtnick conspired to lie to customers about the security of the funds. The U.S. also filed a related civil suit against the company and other online poker companies as well as payment processors last year.