Co-Founder of Absolute Poker Gets Prison Time


08/02/2012
By Maria McCoyGoogle
Brent Beckley, the co-founder of Absolute Poker, a former top rated online casino website, was sentenced to fourteen months in prison for his involvement in the Black Friday affair. Beckley pled to charges of running a scheme that deceived banks into processing illegal online gambling transactions. The sentencing comes as part of a larger case that the US Department of Justice is pursuing against Absolute Poker, Full Tilt Poker and PokerStars, which they closed down last April.
 
Beckley worked in the payment-processing department at Absolute Poker, based in Costa Rica. In December 2011 he returned to the US and pled guilty to conspiring to break U.S. laws against online gaming, conspiracy to commit bank fraud and wire fraud. He made a statement in federal court at the time saying that he was “truly sorry” for his actions. He told the presiding judge, “I fooled myself into thinking that what I was doing was OK.”
 
The terms of the sentence call for Beckley to arrive in prison on October 1, 2012. He also must surrender $300,000 of his funds and pay a $3,000 fine.
 
In total, the United States government has brought charges against eleven people involved in each company. 
 
Developments continue to unfold rapidly. Earlier in the month, Raymond Bitar, CEO of online casino games site, Full Tilt Poker, was brought into custody. After spending a week in prison, he was released on $2.5 million bail. Additionally, prosecutors have recently convicted John Campos, Chad Elie, and Ira Rubin.
 

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