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Full Tilt Poker Payment Processor Exec Pleads Guilty

The man who headed up the payment processing operations for Full Tilt Poker has plead guilty to conspiracy to deceive U.S. financial institutions by miscoding credit card transactions, trying to corrupt U.S. banks, and fraudulently processing e-checks.

Nelson Burtnick, 41, was originally from Canada but resided in Dublin, Ireland while he worked at Full Tilt Poker. He was indicted in the U.S. government's Black Friday charges along with ten other defendants. He was free until he turned himself into authorities back in August.

Burtnick testified in U.S. Federal District Court on Wednesday that: "We had to do this type of deception to enable U.S. poker players to load their accounts with funds. I know that what I did was wrong.”

Sentencing for Burtnick will take place on December 19th, 2012 and will be held by U.S. District Court Judge Lewis Kaplan. Burtnick faces up to 15 years in prison for his crimes.

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