Jeremy Johnson of St. George, Utah, has been accused of hiding $51.4 million he earned by illegally processing online poker payments, the Salt Lake Tribune reports.

Johnson tried to hide the money by moving around funds and gold between dozens of shell companies following an investigation launched against him and other companies by the Federal Trade Commission.

Johnson is not one of the eleven individuals named in the April 15 Black Friday indictments, but is claimed to have relations to John Campos and Chad Elie, who are both facing similar charges for illegal payment processing as part of the indictments.

Elie and Campos this month filed a motion to have the case against them dismissed, but were denied by a Federal Judge.

During the investigation against Johnson, a court-appointed receiver reported that he had moved the large amount of funds around after examining records from 35 financial institutions and 25 other businesses.

The investigation uncovered 115 known affiliate companies, as well as 65 that were previously unknown and involved in "moving funds and concealing assets."

"A majority of these entities do not appear to have generated any business income and were used as conduits to reroute funds and commingle and hide funds," the receiver's report said.

Johnson has denied all allegations against him, saying that the receiver is "out of control" and "greedy", and that it is grabbing funds it is not entitled to through the lawsuit.