For anyone who is interested on Full Tilt Poker here are some of the latest news – One of two men nearing trial in a case that shut down U.S. operations for three Internet poker companies has pleaded guilty in New York.
Chad Elie entered the plea in federal court on Monday. The plea comes as the money processor was scheduled to go to trial April 9 along with former bank executive John Campos . Both had asserted their innocence. Elie faces six months to a year in prison at an Oct. 3 sentencing.
Elie and Campos were the only men headed to trial after others among a dozen people charged in the Internet gambling case reached plea agreements or remained fugitives.
Prosecutors have sought $3 billion in money laundering penalties and forfeiture after targeting three companies based overseas: PokerStars, Full Tilt Poker and Absolute Poker. Full Tilt Poker has defended its executives and said it has suspended play for real money on its website in the United States but would continue offering gambling on poker in other countries.