Absolute Poker News
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Full Tilt Poker founder Raymond Bitar, accused of using online player funds to finance his company in what prosecutors called a Ponzi scheme, pleaded guilty and was sentenced to no prison time because he needs a heart transplant.
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Full Tilt Poker founder Raymond Bitar, accused of using online player funds to finance his company in what prosecutors called a Ponzi scheme, pleaded guilty in the U.S. government probe of Internet gambling.
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Full Tilt Poker founder Raymond Bitar, accused of using funds from online players to finance company operations and pay its owners, will plead guilty under an agreement that will let him avoid prison and obtain a needed heart transplant, his lawyer told a judge.
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Absolute Poker of Costa Rica agreed to return funds owed to U.S. customers and prohibit deposits of American players, U.S. Attorney Preet Bharara in New York said today. The agreement permits foreign-based online poker players.
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Nelson Burtnick, the head of payment processing for poker website Full Tilt Poker, pleaded guilty to taking part in a scheme to deceive banks into handling Internet gambling transactions that violated U.S. laws.
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U.S. prosecutors are preparing to file charges this fall against traders from several banks involved in a bid-rigging scheme to manipulate Libor rates, not just Barclays Plc, according to a person familiar with the case.
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Absolute Poker, an Internet gambling website, agreed to forfeit assets in a settlement of U.S. claims that the company conducted illegal online wagering inside the the country.
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The U.S. Supreme Court left intact a ruling that lets Merck & Co. block Teva Pharmaceutical Industries Ltd. from selling a generic form of the brain-cancer drug Temodar until 2013.
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Brent Beckley, a founder of Absolute Poker of Costa Rica, pleaded guilty in a U.S. illegal-gambling case that seeks at least $3 billion in forfeitures and penalties.
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David Einhorn, the hedge-fund manager who agreed in May to buy 33 percent of the New York Mets, survived the first round of the World Series of Poker’s main event.
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