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Yesterday Ira Rubin in Manhattan’s U.S. District Court pleaded guilty in helping online poker companies transfer billions of dollars in illegal gambling proceeds overseas from U.S. customers.
Prosecutors say he made it appear that money processed by poker companies through U.S. banks was actually the proceeds of transactions on websites for golf stores, electronic companies or other businesses. Rubin admitted he created dozens of websites so that gambling proceeds could “be disguised as payments from non-existent online merchants,” the AP reports.
Rubin has been held without bail after he was arrested in Guatemala last April. He was facing charges that carried a potential sentence of more than 80 years in prison, but his guilty plea came with a plea agreement with prosecutors that the recommended sentence would be between 18 months and two years in prison.
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