Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
11Activity
0 of .
Results for:
No results containing your search query
P. 1
Bitar, Raymond, And Nelson Burtnick S8 Indictment

Bitar, Raymond, And Nelson Burtnick S8 Indictment

Ratings: (0)|Views: 32,741 |Likes:
Published by forbesadmin

More info:

Published by: forbesadmin on Jul 02, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

07/30/2012

pdf

text

original

 
UNITEDSTATESDISTRICTCOURTSOUTHERNDISTRICTOFNEWYORK-xUNITEDSTATESOFAMERICASUPERSEDINGINDICTMENT-v-RAYMONDBITAR,andNELSONBURTNICK,8810Cr.336(LAK)Defendants.-x
COUNTONE
(UnlawfulInternetGamblingEnforcementActConspiracy)TheGrandJurycharges:
Introduction
1.OnoraboutOctober13,2006,theUnited-StatesenactedtheUnlawfulInternetGamblingEnforcementAct("UIGEA"),makingitafederalcrimeforgamblingbusinessesto"knowinglyaccept"mostformsofpayment"inconnectionwiththeparticipationofanotherpersoninunlawfulInternetgambling."NotwithstandingtheenactmentofUIGEA,FullTiltPoker-acompanyfoundedbyUnitedStatesprofessionalpokerplayersin2004-continuedtoofferinternetgamblingonpokertoUnitedStatesresidents,andtookinatleastanestimated$1billionfromUnitedStatesresidentsthroughApril15,2011.2.BecauseUnitedStatesbankswerelargelyunwillingtoprocesspaymentsforanillegalactivitysuchasinternetgambling,FullTiltPokerusedfraudulentmethodstoavoidbank
 
restrictionsandtoreceivehundredsofmillionsofdollarsfromUnitedStatesresidentswhogambledthroughFullTiltPoker.DefendantsRAYMONDBITARandNELSONBURTNICKconspiredwithotherstodeceiveUnitedStatesbanksandfinancialinstitutionsintoprocessinghundredsofmillionsofdollarsforFullTiltPoker,by,amongotherthings,arrangingforthemoneyreceivedfromUnitedStatesgamblerstobedisguisedaspaymentstonumerousnon-existentonlinemerchantsandothernon-gamblingbusinesses.3.ToencourageplayerstodepositmoneywithFullTiltPoker,RAYMONDBITAR,thedefendant,directedFullTiltPokeremployeestoassurepotentialcustomersthatplayerdepositswouldbeheldin"segregatedaccounts"thatwouldbekept"separateanddistinct"fromthecompany'soperatingaccounts.Intruthandinfact-andasBITARwellknew-FullTiltPokerdidnotprotectplayerfundsinseparateaccountsandinsteadusedplayerfundsforwhateverpurposesBITARdirected,includingtopayBITAR.andtheotherownersofFullTiltPokerhundredsofmillionsofdollars.Accordingly,whenFullTiltPokerwasforcedtostopoperating-firstintheUnitedStatesinApril2011andtheninternationallyinJune2011-itwasunabletorepayplayersaroundtheworldtheapproximately$350millionitowedthem.
2
 
TheDefendantsAndTheirCompanies
4.AtalltimesrelevanttothisIndictment,RAYMONDBITAR,thedefendant,wasafounder,owner,andChiefExecutiveOfficerofFullTiltPoker.FrominoraboutJanuary2009upthroughandincludingatleastinoraboutJune2012,NELSONBURTNICK,thedefendant,wastheDirectorofPaymentProcessingforFullTiltPoker.PriortojoiningFullTiltPokerBURTNICKwastheheadofthepaymentprocessingdepartmentforFullTiltPoker'sprincipalcompetitor,Pokerstars.Throughitswebsite,fulltiltpoker.com,FullTiltPokerprovidedreal-moneygamblingoninternetpokergamestocustomersintheUnitedStatesandcertainothercountries.5.AtalltimesrelevanttotheIndictment,FullTiltPokeroperatedthroughagroupofrelatedcompaniesallbeneficiallyownedandcontrolledbyTiltwareLLC,aCaliforniaLimitedLiabilityCompany.TiltwareLLC'sownersincludedRAYMONDBITAR,thedefendant,andapproximately22otherindividuals,manyofwhomwerewellknownprofessionalpokerplayers.DefendantsRAYMONDBITARandoneoftheseprofessionalpokerplayers,aco-conspiratornotnamedadefendantherein("CC-l"),wereatalltimesrelevanttotheindictmenttheco-managersofTiltwareLLC.TiltwareLLCoperatedFullTiltPokerthroughseveralotherprivatelyheldcorporationsandotherentities,includingbutnotlimitedtoKolymaCorporationA.V.V.,
3

Activity (11)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
Dan Michalski liked this
Dan Michalski liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->