Absolute Poker Co-Owner Pleads Guilty

Absolute Poker co-owner Brent Beckley has pleaded guilty to the charges laid against him in the federal indictments of April 15 of this year.

Beckley, one of the co-founders of Absolute Poker along with Scott Tom, appeared in Manhattan court today according to Bloomberg News and admitted to conspiring to break U.S. Internet gambling laws and conspiracy to commit bank fraud and wire fraud.

The maximum prison sentence for bank fraud is 30 years but Beckley will likely serve 12-18 months under his plea agreement, Reuters says.

"I knew that it was illegal to accept credit cards from players to gamble on the Internet," Beckley said before his plea, according to the report.

"I knew it was illegal to deceive the banks in this way."

Beckley, also referred to as "Director of Payments" at the hearing, told Judge Ronald Ellis that Absolute Poker accepted credit cards from US players between 2006 and April 2011 and disguised the payments, contravening the UIGEA.

Beckley admitted to hiring Ira Rubin in 2008 to process e-checks for Absolute as payroll processing, affiliate marketing or online electronics merchant transactions.

Rubin is also said to be nearing a plea deal.

Sentencing for Beckley is set for April 19.

Beckley is one of eleven defendants in the case brought by the US Department of Justice against Poker Stars, Full Tilt Poker and Absolute Poker/UB.com on April 15th, now known as Black Friday in the poker industry.

You May Also Like

assets/photos/_resampled/croppedimage12580-ftplogo.jpg

Another $5 Million Paid Out to U.S. Full Tilt Players

The latest round of Full Tilt Poker remission payments has been sent out with 2,200 players receiving approximately $5 million.

03 April 2014
assets/photos/_resampled/croppedimage12580-images.jpg

Report: DOJ Approves Release of $82m to 30,000 Full Tilt Players

It’s taken years longer than expected but it appears tens of thousands of U.S. Full Tilt Poker players are finally within breathing distance of getting...

22 January 2014
assets/photos/_resampled/croppedimage12580-Affiliate-Awards-Logo.jpg

PokerListings Shortlisted for 2014 iGaming Affiliate Awards

PokerListings.com received a nod from the 2014 iGaming Affiliate Awards in the category of Best Poker Affiliate, along with ten other top online poker...

09 December 2013
assets/photos/_resampled/croppedimage12580-AtlanticCityNJnight.jpg

Expansion Bill Ready with New Jersey Online Poker Imminent

Sen. Ray Lesniak will introduce a bill on Thurday that would allow licensed operators in New Jersey to offer wagers to any countries where online...

20 November 2013

Please fill the required fields correctly!

Error saving comment!

You need to wait 3 minutes before posting another comment.

Comment added. Thank you!

outoftheloop 2011-12-21 04:39:29

Just my luck a re tard on day release has managed to find a computer and comment.Every article on here regarding the otheres refers to bank accounts being seized not about the charges brought and jailtime expected.Might be wrong but please show me the areticle where it shows anything doifferent about lederer ferguson etc.

PS- Dont forget to put your crash helmet back on ....syndrome!!

Intheloop 2011-12-21 00:49:19

You must just be reading the news about Absolute Poker and not about the others.

Outoftheloop 2011-12-20 15:06:58

Im just wondering why all i seem to hear is about AbsolutePoker personnell being charged and endited etc......am i missing something but why arent full tilts etc the same-especially ferguson,lederer etc.Please dont abuse me before you all start im just asking.Surely they are just as bad if not worse as peoiple looked at them and trusted em.