NEW YORK (AP) — An Internet poker company founder accused of operating his business like a Ponzi scheme pleaded guilty to conspiracy Monday, but was spared from prison because he needs a heart transplant and could die behind bars.
Raymond Bitar of Glendora, Calif. appeared via videotape from a Los Angeles courtroom before U.S. District Court Judge Loretta Preska in Manhattan. The founder of Full Tilt Poker was immediately sentenced to time served and had to give up his assets as part of his plea deal.
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