The arrest of Full Tilt Poker founder Ray Bitar means the Black Friday indictments and their aftermath are slowly reaching a conclusion

When Ray Bitar landed at JFK airport he would have known that more charges were coming. The US government wants  him to take responsibility for what has happened since Black Friday as much as it wants him to take the hit for what happened prior to April 15th last year.

More importantly, his lawyers would have known that there was more to come. His counsel John Baughman of Paul Weiss is one of Wall Street’s premier litigators having made his name defending Citigroup successfully in the Parmalat and Terra Firma cases.

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