Alleged Poker Scheme Participant Pleads Not Guilty

Law360, New York (April 18, 2011, 6:22 PM EDT) -- A man who allegedly helped online poker companies process billions of dollars in illegal payments pled not guilty to charges against him in New York on Monday and was allowed to remain free on a $200,000 bond.

Bradley Franzen entered his plea before U.S. Magistrate Judge Frank Maas to nine charges against him, including counts of operating an illegal gambling business and engaging in money laundering, bank and wire fraud conspiracies. Prosecutors allege that Franzen was one of four highly paid payment processors who set up...
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