Leader in Online Poker Indictment Pleads Guilty

There finally is some light at the end of the tunnel in regards to the great online Poker indictment that happened April of 2011. One leader, Ira Rubin, who has lived in Costa Rica for years now to avoid fraud charges from a telemarketing scandal, has pleaded guilty to fraud charges revolving around assisting in online poker websites avoiding US gambling laws.

 He pleaded guilty to one count of breaking US laws against internet gambling abd one count each of conspiracy t commit bank and wire fraud, and also participating in a money laundering conspiracy, according to an article on Reuters. He also admitted to processing payments for the poker companies, all the while deceiving US banks into transferring proceeds to fake companies.

The three companies seized were Absolute Poker, Full Tilt Poker and PokerStars, back in April of 2011. Rubin was working with all three companies helping to transfer tens of millions of dollars in illegal online gambling earnings.

Brent Beckley, Absolute Poker co-owner, also pleaded guilty to similar charges last month.

If anything hopefully this scandal shows that US government that there is plenty of money to be made in the online gambling industry, and a wise decision would be to regulate and tax it themselves.

The poker industry may be going through some turmoil right now, but that is not stopping the rest of the industry from flourishing. In fact, there has never been a better time to get in on the action. If you are looking for a site or a game to play, check out playonline-casinos.com to find just the right place.