Crains New York Author: Unavailable Article Mentions
Mentioned, Howard LedererMentioned, Rafael Furst Mentioned, Poker Players Mentioned, Leonard Sand
(Bloomberg) - Full Tilt Poker paid board members more than $440 million using funds it had told its online Poker Players would be available to them for withdrawal at any time, U.S. prosecutors said.Manhattan U.S. Attorney Preet Bharara's office on Tuesday asked U.S. District Judge Leonard Sand for permission to add the new allegations to a civil forfeiture case first filed against Full Tilt, PokerStars, Absolute Poker and other businesses in April.Full Tilt insiders lined their own pockets with funds picked from the pockets of their most loyal customers while blithely lying to both players and public alike about the safety and security of the money deposited with the company, Mr. Bharara said in statement.The forfeiture action parallels cri...(read more)
... (Bloomberg) - Full Tilt Poker paid board members more than $440 million using funds it had told its online Poker Players would be available to them for withdrawal at any time, U.S. prosecutors said.Manhattan U.S. Attorney Preet Bharara's office on Tu ...
... were paid from player funds since 2007, Mr. Bharara said.One of the 11 criminal defendants, Mr. Bitar is charged with bank fraud, illegal gambling and money laundering.L. Barrett Boss, an attorney for Full Tilt, didn't immediately reply to telephon ...
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