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Black Friday Defendant Pleads Guilty

The U.S. Department of Justice has secured a conviction in their Black Friday indictments against 11 men. Ira Rubin, who worked as a payment processor for PokerStars and Full Tilt Poker, plead guilty to nine counts of conspiracy charges in the U.S. District Court in Manhattan.

Rubin was arrested on April 15th when his plane from Costa Rica stopped in Guatemala. He chartered that flight that day with an eventual destination of Thailand in mind. His plan was to stop in Guatemala to acquire a fake passport before authorities arrested him.

Rubin could face up to 80 years in prison on the charges, but because of a plea agreement with prosecutors, he is likely only receive an 18 to 24 month sentence. Additionally, since Rubin’s request for bail was denied last June, he is likely to receive credit for time served. He could be out of prison within a year.

This is the second conviction the DOJ has made in their Black Friday case. Absolute Poker co-founder Brent Beckley plead guilty to a single charge of conspiracy last month. Before his plea deal, Beckley faced as much as 30 years in prison. He is now likely to receive only a one and a half year sentence.


 



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