Poker payment processor Ira Rubin has pleaded guilty and signed a plea deal in a in U.S. District Court in New York that will likely see him serve less than two years in prison for crimes named in April’s Black Friday, the Associated Press reported.
According to the DOJ, Rubin tricked banks into accepting funds by disguising payments. He was charged with nine counts, including violation of the Unlawful Internet Gambling Enforcement Act (UIGEA), conspiracy to commit bank and wire fraud, money laundering and the operation of an illegal gambling business.
He was facing a potential sentence of more than 80 years.
The 53-year-old was arrested in Guatemala in late April before being extradited back to the United States.
