Former Full Tilt Poker Executive Nelson Burtnick Pleads Guilty to Gambling Charges
Posted at 14:00 2012-09-20 by Brett Collson
Nelson Burtnick, former payment processing director for Full Tilt Poker and one of 11 men indicted by the U.S. Government on Black Friday, pleaded guilty to conspiracy and gambling charges in a Manhattan court on Wednesday.
According to the Associated Press, Burtnick revealed to the court that he knew he was breaking the law when he concealed online poker transactions between Full Tilt Poker and U.S. customers. Burtnick faced a total of eight counts, some of which were added in a superseding indictment in July 2012. According to the Department of Justice, Burtnick worked closely with Full Tilt Poker CEO Ray Bitar to deceive financial institutions by creating fake companies and fabricating credit card transactions.
In August, Burtnick surrendered to authorities upon arriving in New Jersey from his home in Dublin. At that time, he pleaded not guilty to all charges of money laundering and bank fraud in connection with the illegal activities conducted at Full Tilt Poker and was released on $500,000 bond.
Burtnick, scheduled for sentencing on Dec. 19, faces up to 15 years in prison.
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