Full Tilt Poker Lawsuit Expanded

Things have gotten even worse for former Full Tilt Poker owners Raymond Bitar and Howard Lederer. A number of charges were brought up against the two men, after Full Tilt Poker was discovered to be operating in the American gambling market illegally – as well as operating as a Ponzi scheme. Now, new charges have been laid against Bitar and Lederer, as the prosecution argues that they have violated the Travel Act 1961.

The Travel Act prohibits the distribution of funds earned illegally via fraudulent business practices. Lederer and Bitar violated the act by transferring funds from the site’s business account to Lederer’s personal account. These funds were not profits earned from Full Tilt’s operators; rather, they were player deposits.

“The funds were used to purchase/pay for real estate, renovations, new home construction costs, furniture, mortgage payments, property taxes, personal pension plans and 401K’s, and various personal vehicles,” reads the complaint.

Last week, Lederer attempted to use a new ruling that poker is a game of skill to have his charges dropped. Unfortunately, this new revelation will only make matters worse for Lederer and his former business partner, as it seems there will be no way for either party to escape these charges.

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