Full Tilt CEO Ray Bitar bailed

Full Tilt CEO Ray Bitar bailed

Tuesday, 10 July 2012

Full Tilt Poker CEO Ray Bitar has been freed on bail. The 40-year-old from California agreed to post $2 million in property to ensure he returns to U.S. District Court in Manhattan.

US authorities had rebuffed Bitar's first bid for bail on Friday, arguing that he was a flight risk. The US Attorney's Office agreed yesterday to an “enhanced” bail package that sees Bitar post a $2.5m bond, surrender his passport and refrain from travelling anywhere apart from New York and California and to submit to in-home electronic monitoring.

Bitar was arrested at New York's JFK Airport a week ago and later pleaded not guilty to federal charges at a hearing in Manhattan. He faces a maximum of 145 years in prison if convicted on all nine counts.

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Tags: Ray Bitar, Full Tilt Poker, Black Friday, law