Defendant in ‘Black Friday’ Online Poker Case Gets 3 Years Prison Sentence

A defendant involved in processing millions of dollars in payments for three online poker rooms in the US has been sentenced to three years prison.

Ira Rubin pleaded guilty in January to money laundering, bank fraud and other gambling offenses.  He faced up to 55 years in prison, however, prosecutors recommended 18 to 24 months.

Rubin was indicted along with 10 others in April 2011.  Four of those named in the indictment still remain at large.

Last month, Full Tilt Poker CEO Raymond Bitar voluntarily turned himself into authorities.  A superseding indictment further charged Bitar with running a ponzi scheme and he is facing a sentence of more than 100 years. 

Earlier this week, an executive with Absolute Poker, Brent Beckley, was sentenced to just over 2 years prison time.

- Chris Costigan, Gambling911.com Publisher