The domain of Full Tilt Poker was seized back in the year 2011 by the Federal Bureau of Investigation, and the ex chief executive officer sentenced to forfeit the assets that included $40 million in cash along with a number of properties after two years.
This is only the tip of the iceberg of the journey Full Tilt Poker has taken in the past couple of years. This has not halted Valve from letting the free-to-play poker software to introduce on their distribution platform.
It was15th April, 2011 when the day the United States Department of Justice uncertained an indictment from March against ex chief executive officer Ray Bitar as well as Full Tilt Poker chief Nelson Burtnick, along with other owners as well as staffers on PokerStars and Absolute Poker also being named. The charges were related to violation of federal gambling regulations, fraud and money laundering.
Later, the Justice Department alleged in a suit that the website as well as their directors scammed poker players out hundreds of millions of dollars that would finally result in Bitar agreeing to declare guilty, serving time as well as handing over assets.
In the midst of all these, PokerStars finished acquiring Full Tilt as part of a deal with Justice Department. ESPN stated that deal cost around $731 million, as well as PokerStars had to forfeit $547 million in this procedure. After that, Amaya Gaming Group acquired PokerStars in the year 2014 that resulted in them taking control of the Full Tilt Poker.