John Campos’ plea deal with prosecutors that saw the former Utah bank executive admit guilt for only one misdemeanor charge has been accepted by the judge presiding over the case.
Judge Lewis Kaplan had questioned prosecutors’ motives behind the favorable deal given to Campos, who faced a handful of felony charges for his role in processing millions of dollars in payments for online poker sites and their customers as the vice chairman of SunFirst Bank. Campos was one of 11 individuals indicted along with the top three poker rooms in the Black Friday allegations just over one year ago.
In a letter to the judge explaining their stance, prosecutors contended that the sentencing guidelines of the misdemeanor charge are similar to those of a felony, Campos actually had a minor role in the payment processing scheme, there were numerous risks involved in going to trial in the case, and Campos’ agreement to a lifetime ban from working in the banking sector would be punishment enough, the Salt Lake Tribune reported.
Judge Kaplan signed an order accepting the plea deal. Campos’ sentencing is scheduled for June 27 and is expected to result in only a brief stay in jail.