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Guilty plea in online poker case in NYC

Online poker defendant pleads guilty in NYC to conspiracy charges, admitting he fooled banks By The Associated Press

NEW YORK (AP) ' A U.S. citizen credited with helping online poker companies move billions of dollars in illegal gambling proceeds overseas from U.S. customers has pleaded guilty in New York to conspiracy charges.

Ira Rubin appeared Tuesday in federal court in Manhattan. Rubin said he set up real bank accounts in the name of phony companies to help the gambling companies hide their revenues.

Rubin was among 11 people charged last year.

The prosecution halted operations for the three largest Internet poker companies operating in the U.S.

Rubin was arrested in Guatemala as he prepared to travel to Thailand. The plea deal calls for him to serve up to two years in prison. Without it, Rubin could have faced more than 80 years.

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