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Full Tilt Exec Surrenders To U.S. Authorities

Full Tilt Poker's payment processing executive Nelson Burtnick surrendered to U.S. authorities on Tuesday, marking another sudden development in the poker company's dealings with the federal government.

Burtnick has been a fugitive since he was indicted for his alleged crimes on Black Friday last year. He agreed to turn himself in after conducting several video conferences with federal authorities in which he negotiated the terms of his surrender.

After flying to Newark, New Jersey from Dublin, Burtnick was arrested for bank fraud and money laundering. He was later released on $500,000 bond and surrendered his passport.

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