Payment processor Chad Elie was sentenced to five months in prison and ordered to forfeit $500,000. Elie pleaded guilty in March to conspiracy to commit bank fraud and to operating an illegal gambling business.
Elie deceived banks into processing hundreds of millions for PokerStars, Full Tilt and Absolute Poker. He and other payment processors created phony corporations and websites to surreptitiously sneak transactions through.
U.S. District Judge Lewis Kaplan said the defendant played a “catch me if you can” game with the government. He rejected a request from Elie’s attorney for six months of home confinement, and two years of probation and community service.
A sentence without jail would be too lenient, according to Kaplan, because “there was a deliberate or at least criminally reckless spitting in the eyes of the government and the laws of the United States.”
Elie, among eleven indicted on Black Friday, was arrested on April 15, 2011 and entered into a plea deal over a year later. Six others—including John Campos and Nelson Burtnick—have pleaded guilty to criminal charges, while Former Full Tilt chief executive Ray Bitar has claimed innocence.