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Nelson Burtnick, Fulltilt Poker Payment Processor Pleads guilty
Wednesday September 19,2012 : FULL TILT PAYMENT PROCESSING BOSS PLEADS GUILTY
Acknowledges Company knowingly misled U.S. financial institutions
Nelson Burtnick who headed up payment processing for Full Tilt Poker has admitted guilt in conspiring to deceive U.S. financial institutions by miscoding credit card transactions, fraudulently processing e-checks and attempting to corrupt U.S. banks during his tenure at both Full Tilt Poker and prior to that, PokerStars.
Canadian born Burtnick (41), who resided in Dublin Ireland during his tenure at Full Tilt, was one of the eleven Black Friday indictees. He handed himself over to U.S. Authorities in August to face charges.
In a Manhattan Federal court, presided over by U.S. Magistrate Judge Gabriel Gorenstein, in New York today (Wednesday) Burtnick said: "We had to do this type of deception to enable U.S. poker players to load their accounts” with funds. I know that what I did was wrong.”
Burtnick is due for sentencing by U.S. District Judge Lewis Kaplan on December 19, 2012. He potentially faces a penalty of up to 15 years in prison.
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Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
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