Absolute Poker’s Payment Processing Head Cops a Plea

by Lou on December 22, 2011

Preet Bharara, US Attorney for the Southern District of New York, announced that Brent Beckley, Absolute Poker’s director of payment processing, pled guilty to conspiracy to engage in unlawful internet gambling and conspiracy to commit bank fraud and wire fraud.  The fraud counts were in connection with a scheme to deceive US banks and financial institutions by using them to process tens of millions of dollars in payments for Absolute Poker.

Beckley, a US citizen who had been residing in Costa Rica where Absolute Poker is based, returned to the United States voluntarily in connection with charges relating to the illegal operation of three internet poker companies.

He faces a maximum sentence of 35 years in prison—although sentencing guidelines in his plea agreement recommend 12 to 18 months in prison. Beckley is scheduled to be sentenced on April 19, 2012.

Four additional defendants have also appeared in the United States to date, including Bradley Franzen, Ira Rubin, Chad Elie, and John Campos.

Franzen pled guilty last May and awaits sentencing. Trial for the remaining defendants is set for March 12, 2012.

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