Co-Founder Of Absolute Poker Pleads Guilty To Black Friday Crime

This story was published more than 12 years ago.

Monday saw another defendant in the Black Friday case plead guilty, as Absolute Poker Co-Founder Brent Buckley plead guilty to federal conspiracy charges.

In U.S. District Court in Manhattan, Buckley admitted that he arranged for U.S. banks to process illegal online gambling transactions. Federal prosecutors claim that Buckley was the Director of Payments at Absolute Poker when they allegedly tricked American banks into accepting billions of dollars in online poker transactions by disguising them as being related to merchandise.

Buckley said that he began processing these transactions after the UIGEA was passed in 2006 and continued to make the transactions until the events of Black Friday last year.

Under the plea agreement Buckley will face between 12 and 18 months in prison when he is sentenced on April 19th.