|Page (1) of 1 - 03/26/12||email article||print page|
Ex-money processor for big 3 poker companies pleads guilty in NY online poker prosecution case
NEW YORK (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.