Brent Beckley, Absolute Poker Cofounder, Pleads Guilty
Posted at 08:13 2011-12-21
The Associated Press recently reported that cofounder of Absolute Poker, Brent Beckley, pleaded guilty to criminal charges, including conspiracy to commit bank fraud and wire fraud.
In the U.S. District Court in Manhattan, Beckley admitted that he knowingly broke the law when Absolute Poker arranged for banks in the United States to facilitate gambling funds. He was violating the Unlawful Internet Gambling Enforcement Act from 2006 until April of this year.
"I knew that it was illegal to deceive the banks," Beckley told Magistrate Judge Ronald Ellis. According to the Black Friday indictment, Beckley hired Ira Rubin as a payment processor to skirt U.S. law, disguising deposits and withdrawals though various shell companies.
By pleading guilty, Beckley accepted a plea deal that would see him go to prison for a year to a year and a half, well below the maximum prison sentence of 30 years, though sentencing will not take place until April 19.
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