John Campos Sentenced in Black Friday Case
- 07/08/2012By Debra SaundersGoogleFormer Utah banker, John Campos, was sentenced to three months in prison this past week in a New York City court for his involvement in the Black Friday case. Campos was vice president and co-owner of SunFirst Bank when he allowed the processing of poker proceeds from some of the best online casinos.
Campos is the first of eleven defendants to be sentenced in the case. He pled guilty to the processing of approximately $200 million in poker revenue from PokerStars and Full Tilt Poker. He detailed his involvement by stating that Jeremy Johnson, former business partner of Chad Elie, approached him in 2009 about accepting the payments. Chad Elie, has pled guilty in the case for facilitating the bank transactions, but Johnson has not been charged.
During the sentencing, Federal Judge Lewis Kaplan stated that even though Campos did not stand to make a large profit from the agreement, he still acted out of greed. Before the sentence was delivered, Campos remained silent.
The United States Justice Department is trying the case as a whole and believes that a settlement is in the near future. A letter signed on behalf of US district attorney Preet Bharara called for a brief adjournment “to facilitate, and hopefully, to successfully conclude, certain ongoing settlement communications.”
Reports have indicated that PokerStars, one of the main defendants in the case, is in settlement talks with the government. The company stated, “PokerStars is in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumors.”