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VPP Poker Room News
| Rubin Pleads Guilty to Charges From Black Friday - Monday, January 23, 2012 at 10:20
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Ira Rubin was in U.S. District Court in Manhattan this past Tuesday and pleaded guilty to various charges. Ira Rubin is a 53 year old American that was indicted on Black Friday by the US DoJ. Rubin was one of eleven people to be indicted on Black Friday and up to this point four people have been charged while the other seven people are still on the run from the law. The US DoJ has been doing what they can to nail down convictions on the people that were indicted on Black Friday.
Rubin pleaded guilty in court this week to various charges including money laundering, wire fraud, bank fraud and conspiracy to violate online gambling laws in the USA. Initially Rubin was facing nine different counts and up to 55 years in prison, but with the plea deal that Rubin signed he will only face up to a maximum of two years in prison although it’s expected that Rubin will serve even less time than that. Rubin will be back in court in May to face sentencing for the charges he pleaded guilty to this week.
Rubin was one of the primary payment processors used by various online poker rooms in the US market before Black Friday. Rubin set-up a host of companies in order to help poker sites process deposits/withdrawals in the United States illegally. Rubin helped some of the biggest poker sites process payments including PokerStars, Full Tilt Poker and Absolute Poker. Rubin was able to camouflage where the money was coming from by setting up fake online businesses and various other businesses.
According to reports Ira Rubin tried to flee from Guatemala to Thailand. Rubin would have been able to hide in Thailand while the heat died down, but he was arrested before he could board his plane. Rubin was extradited to the USA after his arrest and has been held in jail without bail since April 2011. Rubin wasn’t granted bail when he went for a bail hearing because he was a flight risk and therefore he was held without bail.
Rubin has a history of being a criminal and committing fraud. Before Rubin started working with poker sites in Costa Rica he was charged for running a payment processing company that he operated for a few years. The company that Rubin owned helped a Canadian telemarketing company sell credit cards in the USA that didn’t even exist. Rubin fled to Costa Rica shortly after these charges and he has been working with poker sites ever since.
This is now the 2nd plea deal that has been signed by an individual that was indicted on Black Friday. Brett Buckley who was the co-founder of Absolute Poker has also pleaded guilty already in relation to Black Friday. Two other individuals from the indictments on Black Friday are in custody and scheduled to appear in court shortly. It seems that the best bet is to sign a plea agreement for the individuals that were indicted on Black Friday, as the two plea agreements up to this point have been very favourable.
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