Allen Cunningham: "Ray Bitar is unlikely to live more than a couple years and is nearly penniless."

In 2012, Ray Bitar, the former CEO of Full Tilt Poker, has pled guilty to charges of violating the UIGEA and conspiracy to commit bank and wire fraud. Bitar had to forfeit most of his assets, and the recently released details of his forfeiture show that a total of 18 bank accounts and $40 million have been seized from him. 

The seized assets included the following, according to FlushDraw.

A total of 18 bank accounts: 

• Two numbered accounts at the Royal Bank of Scotland International (Scotland)
• Three accounts at the Bank of Ireland (Ireland)
• One account at the Bank of Scotland Ireland, Inc. (Ireland)
• Two accounts at National Irish Bank (Ireland)
• Five accounts at Bank of Valletta (Malta)
• Two accounts at Wirecard Bank AG (Germany)
• Two accounts at Comerica Bank (Dallas)

In addition to the bank accounts, property in California, Indiana and Bermuda was also seized, as well as Bitar's shares in 23 different companies.

Bitar tried to avoid being sent to prison in April by claiming he had a heart condition that could potentially cost him his life in less then a year. According to Allen Cunningham, with all the property and the money gone, Bitar is nearing the end.

"To all the conspiracy theorists: according to my sources, Ray Bitar is unlikely to live more than a couple years and is nearly penniless. He didn't get away with anything."

Cunningham then states that Bitar is still battling with his heart condition, and is "dying."

"I feel like that's not getting away with it in a karmic way at least. And especially in contrast to the conjecture at the beginning of the thread that he had hidden accounts and faked the heart problem. I would trade places with any of his victims over him. Some people still haven't gotten paid and it's mostly Ray Bitar's fault, but he isn't benefiting from it.", the American pro added.