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John Campos, the former vice-chairman of a Utah bank that processed payments for online poker firms Full Tilt.
Poker, UB.com and PokerStars has plead guilty to a single misdemeanor charge
Another individual, Chad Elie, plead guilty to similar counts within the last 24 hours.
From Forbes.com:
The last-minute deal between Campos and the government averts a highly-anticipated trial that was scheduled to take place on April 9. Chad Elie, a payment processor who was also fighting the government’s online poker case, pleaded guilty on Monday to conspiring to commit bank fraud and operating an illegal gambling business. Elie also agreed to forfeit his interest in more than $25 million held in various payment processing accounts and pay an additional $500,000 to the feds.
Federal prosecutors in the government’s online poker case, led by Assistant U.S. Attorney Arlo Devlin-Brown, have now secured guilty pleas from seven of the 11 individuals indicted as part of the government’s big online poker crackdown that was initiated one year ago.
Still, the fact that federal prosecutors agreed to let Campos plead to a misdemeanor indicates that they wanted to avoid a trial that could have had wide-reaching consequences and impacted the government’s case against the indicted founders of PokerStars and Full Tilt Poker. The U.S. Attorney’s Office in Manhattan declined to comment.
Remaining at large: Isai Scheinberg, the founder of PokerStars, and Ray Bitar, a founder of Full Tilt Poker, neither of whom are in the United States.
