Canadian Man Pleads Guilty To Black Friday Charges

This story was published more than 12 years ago.

A Canadian citizen has plead guilty in Manhattan federal court to conspiracy charges related to the Black Friday indictments filed last year against online poker companies and payment processors.

Ryan Lang admitted that he worked as a middleman, aiding poker companies circumvent a U.S. law that prevents banks from knowingly processing gambling transactions during a period from 2007-2010. Lang helped circumvent this law by helping financial companies make false statements to banks to trick them into processing the payments.

While pleading guilty, Lang expressed remorse for his actions. When he is sentenced, Lang could face up to 30 years in a federal prison.