Former Full Tilt CEO Ray Bitar is apparently suffering from a medical condition that is having an affect on the criminal case lodged against him by federal prosecutors.
At a court hearing last Friday, attorneys informed Judge Loretta Preska that plea negotiations had commenced, Flushdraw.com reported. However, Bitar’s illness has seemingly hampered those discussions. To protect the defendant’s privacy, one of Bitar’s attorneys asked the judge to clear the courtroom of spectators and allow only principals in the case to remain prior to revealing Bitar’s malady.
Preska honored the request and after re-opening the courtroom, indicated that the parties should continue discussing a plea deal due to Bitar’s medical condition. She continued the case for one month.
Bitar has been on electronic home-monitoring since posting $2.5 million bond following his surrender to authorities in early July. He is facing criminal charges that include bank and wire fraud that were unsealed upon his surrender. The former CEO also must eventually answer to the Black Friday civil allegations for his part in the mismanagement of Full Tilt. Fellow board members Rafe Furst, Howard Lederer and Chris Ferguson all recently settled the civil charges against them in the case, agreeing to no wrongdoing and receiving fines and punishment that many view as a slap on the wrist.