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.

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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.