Ex-money processor for big 3 poker companies pleads guilty in NY online poker prosecution case

[Julian Englis]

Source: The Washington Post/AP

One of two men nearing trial in a case that shut down U.S. operations for three Internet poker companies has pleaded guilty in New York.

Chad Elie (EE’-lee) entered the plea in federal court on Monday. The plea comes as the money processor was scheduled to go to trial April 9 along with former bank executive John Campos (CAMP’-ohs). Both had asserted their innocence. Elie faces six months to a year in prison at an Oct. 3 sentencing.

Elie and Campos were the only men headed to trial after others among a dozen people charged in the Internet gambling case reached plea agreements or remained fugitives.

Prosecutors have sought $3 billion in money laundering penalties and forfeiture after targeting three companies based overseas: PokerStars, Full Tilt Poker and Absolute Poker. Full Tilt defended its executives.

Read more: http://www.washingtonpost.com/national/ex-money-processor-for-big-3-poker-companies-pleads-guilty-in-ny-online-poker-prosecution-case/2012/03/26/gIQAQDAqcS_story.html

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$3 billion in forfeitures and fines will ruin your day.

[denverbill]

1. Good old 'freedom loving' America. Where you can't gamble online.

Unlike everywhere else in the enslaved world.

Thanks God Jim Leach banned internet gambling as part of the 'port security' bill. /sarcasm

[cademocr]

2. Seems kind of like eveything we do in the USA in the last 30 year

Seems kind of like eveything we do in the USA in the last 30 year

Like the lotterys don't take money away from the poor.

You have better odds at getting hit twice with lighiting.

And you can gamble.. but just not unless we get a cut.. humm.. Nevada..
C.A.