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Payment processor Ira Rubin gets three year sentence
One of the eleven defendants in the Black Friday indictment, payment processor Ira Rubin, has been given a three-year sentence for processing illegal gambling transactions.
Rubin already pleaded guilty in January after being accused by federal prosecutors in New York of illegally processing billions of dollars in payments for
PokerStars, Full Tilt Poker and Absolute Poker.
He was recommended to receive a sentence between 18 and 24 months, but Judge Lewis E. Kaplan said that such a sentence wouldn't discourage future crimes, and instead handed him three years.
"You are unreformed conman and fraudster," Kaplan said according to Bloomberg.
"A significant sentence is necessary to protect the community."
Rubin will have nine months reduced from the sentence to make up for time spent in jail while the case was ongoing.
Once he is released he will never again be able to work with payment processing or financial services, Judge Kaplan said.
Rubin will additionally also have to forfeit $5 million as part the conditions of the sentence.
Rubin already pleaded guilty in January after being accused by federal prosecutors in New York of illegally processing billions of dollars in payments for
PokerStars, Full Tilt Poker and Absolute Poker.He was recommended to receive a sentence between 18 and 24 months, but Judge Lewis E. Kaplan said that such a sentence wouldn't discourage future crimes, and instead handed him three years.
"You are unreformed conman and fraudster," Kaplan said according to Bloomberg.
"A significant sentence is necessary to protect the community."
Rubin will have nine months reduced from the sentence to make up for time spent in jail while the case was ongoing.
Once he is released he will never again be able to work with payment processing or financial services, Judge Kaplan said.
Rubin will additionally also have to forfeit $5 million as part the conditions of the sentence.
Comments
1527
10 months ago
'He was recommended to receive a sentence between 18 and 24 months, but Judge Lewis E. Kaplan said that such a sentence wouldn't discourage future crimes, and instead handed him three years.'
Does anyone think 3 years will have any impact? I doubt it very much. Rubin will continue his criminal career once he has served....hmm, does this sort of sound like mob activity? just a thought.
Does anyone think 3 years will have any impact? I doubt it very much. Rubin will continue his criminal career once he has served....hmm, does this sort of sound like mob activity? just a thought.
539
9 months ago
He will be saying the day he gets out "It will all be worth it" lol. I am thinking anyways. Sucks such greed gets in the way of such a sport as poker, notheless college sporting programs. People should leave that alone, if you want to cheat someone, cheat yourself and leave your chips in my hands. Otherwise, get a real job. Not hard to earn some real hard earned cash w/o disturbing the public. Asshole.
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