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Black Friday payment processor pleads guilty

18 January 2012

By Dan Igo
Accused payment processor Ira Rubin, who was one of 11 men indicted on April 15 by the U.S. Department of Justice, pleaded guilty to conspiracy charges in a Manhattan federal court on Tuesday.

The 53-year-old was accused of processing payments for PokerStars, Full Tilt Poker and Absolute Poker. The government claims that Rubin helped the three poker rooms move billions of dollars to customers that were disguised as payments to fake Internet merchants. The government also claimed that Rubin tried to flee to Thailand to avoid prosecution.

Rubin faces a prison term of 18 to 24 months, according to the plea agreement.


Black Friday payment processor pleads guilty is republished from Online.CasinoCity.com.
 

Top-10 gaming resolutions for 2012

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Heartland Poker Tour continues to flourish

5 December 2011
In an industry that has seen its fair share of bad news, especially since April 15, the Heartland Poker Tour is one of poker’s true success stories. What started out as a series of events in the Midwest has exploded into a full-fledged national poker tour, complete with televised coverage and prize pools that can top $1 million. ... (read more)
 

Indian tribes want major role in online gaming process

17 November 2011
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