NY judge gives poker money man jail for bank fraud

Oct 04, 2012 by Larry Neumeister

(AP)—A man who processed money illegally for three Internet poker companies whose U.S. operations eventually were shut down was sentenced on Wednesday to five months in prison by a judge who said he played a "catch me if you can" game with the government.

Las Vegas resident Chad Elie, 32, was sentenced by U.S. District Judge Lewis A. Kaplan, who also ordered him to forfeit $500,000.

The judge rejected a recommendation by the federal Probation Department that Elie be sentenced to probation, six months of home confinement and community service. He said letting Elie escape a prison sentence would not deter others from committing similar crimes.

Elie apologized, saying, "I'm very sorry and regret my actions."

The judge responded, "Claims of remorse I in some respects credit but not all."

He noted that evidence showed Elie "kept right on going" when began making arrests in a case that resulted in charges against a dozen people, some of them overseas, where they helped PokerStars, Full Tilt Poker and Absolute Poker fool U.S. financial institutions.

Authorities say the defendants created phony corporations and websites to make it appear that hundreds of millions of dollars in gambling proceeds were from other types of businesses.

It seemed Elie didn't care whether he was doing something illegal as closed in, "playing a game with the government, a catch me if you can game with the government," the judge said.

"This entire case reflects a situation in which there was ... a criminally reckless spitting in the eye of the government," he said.

Elie had pleaded guilty to conspiracy to commit and to operate businesses, saying he served as a payment processor for all three companies at various times from 2008 through early 2011.

Explore further: Premier US album chart revamped to include streaming

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Online poker payment processor sentenced in US

Jul 26, 2012

(AP) — A man accused of helping online poker companies move billions of dollars in illegal gambling proceeds overseas from U.S. customers has been sentenced to three years in prison.

NY judge sentences online poker worker to prison

Jul 25, 2012

(AP) — A former Internet poker company employee who returned to the United States from Costa Rica to face charges he helped process illegal gambling proceeds has been sentenced to a year and two months in prison by a ...

Canadian man pleads guilty to poker charges

Sep 19, 2012

(AP)—A Canadian man who once led the payment processing at two online poker companies pleaded guilty Wednesday to conspiracy and gambling charges, agreeing to cooperate in the government's crackdown on the businesses.

First guilty plea in US online poker case

May 24, 2011

The American president of a Costa Rica-based company is facing up to 30 years in prison after pleading guilty to illegally processing payments for Internet poker firms.

NY Internet poker deals aim to repay customers (Update)

Jul 31, 2012

(AP) — Settlement deals reached between federal prosecutors and three Internet poker companies call for more than a half billion dollars to be paid to the government, enabling U.S. poker players to recover more than ...

BetOnSports fined $28 million, gets probation

Dec 02, 2009

(AP) -- Defunct online gambling site BetOnSports.com has been sentenced to probation and a $28.2 million fine that lawyers on both sides say probably will never be paid.

Recommended for you

YouTube goes online for second Music Awards

Nov 20, 2014

The YouTube Music Awards are undergoing an overhaul for their second edition next year, scrapping a star-studded gala and instead looking at videos' online buzz.

China Premier calls for greater role in shaping Web

Nov 20, 2014

Chinese Premier Li Keqiang Thursday demanded a greater role for Beijing in shaping the global Internet, calling for "order" online as he failed to address his government's censorship of content it deems politically ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.