Absolute Poker Founder Cops To Fraud Charges

Law360, New York (December 20, 2011, 3:05 PM EST) -- Brent Beckley, a founder of website Absolute Poker, pled guilty in New York on Tuesday to fraud charges stemming from a U.S. government crackdown on Internet gambling.

Beckley admitted he tricked banks into processing payments to his website by disguising them as merchant sales for jewelry and golf balls, among other items, according to federal prosecutors. He copped to one count of conspiracy to commit bank fraud and wire fraud, and one count of violating the Unlawful Internet Gambling Enforcement Act.

Beckley faces up to 35...
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