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Ray Bitar's freedom is worth $40 million

Ray Bitar's freedom is worth 40 million

Former Full Tilt Poker CEO Ray Bittar, who was originally facing jail time of up to 35 years, has been sentenced to discount only the time he already served in prison plus a payment of $40 million from his assets. Bitar was initially arrested in July 2012 and spent a week locked up before posting a $2.4 million bail and being moved to serve house arrest. Since then, he developed a cardiac condition and is now in desperate need of a heart transplant. Because of this, Bitar agreed to reach a deal with the prosecution and plead guilty to the Black Friday indictments.