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Black Friday Defendant Pleads Guilty

One of the individuals who was indicted in the Black Friday case has plead guilty to conspiracy to commit bank and wire fraud as well as conspiracy to violate an internet gambling law.

Brent Beckley is one of eleven defendants who was indicted by the United States Department of Justice for his participation in illegal money processing for Absolute Poker. Beckley said that he allowed fellow defendant Ira Rubin to process electronic checks for Absolute Poker's payroll processing, affiliate marketing and online merchant transactions in 2008.

“I knew that it was illegal to accept credit cards from players to gamble on the Internet. I knew that it was illegal to deceive the banks in this way.” Beckley said.

Some media outlets are reporting that the defendants in the Black Friday case concealed money from the United States by disguising it as items that fake e-merchants were selling. These items included golf balls and jewelry.

Sentencing for Beckley is set for April 19, 2012. The sentencing guidelines for crimes of this sort range from 12 to 18 months in prison.

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