Another US Online Poker Money Processor Goes to Prison

Published Thursday, October 04, 2012 -

The USA doesn’t like fraudsters and has no tolerance for those cheats who violate federal laws regarding online gambling. Black Friday as it has come to been known as in the online poker industry in the USA is showing the results of the indictments handed down on April 13th 2011. The sentencing of various money processors over the last little while has shown the Department of Justice is serious and will not allow illegal money laundering in the USA.

Absolute Poker founder Brent Beckley received a 14-month sentence while fellow payment processor Ira Rubin was hit with a three-year sentence shortly after Beckley got his notice to reside behind bars.

Now Chad Elie, has been sentenced to five months in prison for his involvement in processing millions of dollars in gambling transactions for the Absolute Poker, Full Tilt Poker and Poker Stars operations. U.S. District Judge Lewis Kaplan said that Elie was a defendant with no defence and he said Elie didn’t care if he was breaking Federal Laws and that Elie deserved time in prison. Judge Kaplan was quoted in Business Week as saying, “He was in a sense playing a game with the government, a catch-me-if-you-can kind of game,” The judge described Elie’s illegal actions as a “reckless spitting in the eye of the government and the laws of the United States” when it came to operating online poker sites serving the United States.” Adding, “That just can’t be overlooked.” Elie pled guilty to conspiracy while working around the law to continue processing payments and deceiving US banks regarding the kind of financial transactions he was making for the online poker companies mentioned.

In addition to the five-month prison sentence, Elie was also ordered by Judge Kaplan to serve two years of probation and to forfeit $500,000 that he earned making illegal transactions for the three poker firms. Nelson Burtnick the former Full Tilt Poker payment man pled guilty to conspiracy and gambling charges and will be sentenced December 19th 2012.

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