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Black Friday defendant John Campos Pleads Guilty

4/20/2012 : BLACK FRIDAY DEFENDANT CAMPOS PLEADS GUILTY (Update)
 
Sentencing set for June 27th
 
Black Friday defendant John Campos was at last able to plead guilty Thursday after a delay which followed senior judge Lewis A. Kaplan's order that prosecutors explain why he had been allowed to plead guilty to a misdemeanour.
 
Although originally facing five banking related charges, Campos initially pleaded guilty to one misdemeanor count of “...causing a bank insured by the Federal Deposit Insurance Corporation to process illegal gambling transactions”
 
KCSG reported that in responding to the judge's order US Attorneys Preet Bharara, Arlo Devlin-Brown, and Andrew D. Goldstein, explained that Campos' involvement was “relatively minor” in relation to the other suspects charged in April 15 indictments against online poker sites and payment processors.
 
They pointed out that the sentencing and punishment guidelines for the misdemeanour charge were similar to that of the felony charges Campos faced.
 
Campos is alleged to have conspired with Chad Elie and Jeremy Johnson to use the SunFirst bank as a means of processing transactions between poker players and online poker sites in exchange for a $10 million investment in the bank and a bonus for Campos.
 
Elie has already plead out to lesser charges for his role in the conspiracy.
 
SunFirst Bank processed approximately $200 million in transactions before entering into a consent order with the FDIC to stop.
 
As part of his plea deal Thursday, Campos agreed to a lifetime ban from the banking industry; sentencing will be passed on June 27th.
 
Seven of the 11 individuals named in the Black Friday indictment filed in US District Court of the Southern District of New York a year ago have pleaded guilty to date.
 
Interestingly, an article in Forbes magazine last week suggested that, in accepting guilty pleas from Black Friday defendants, federal prosecutors may have sought to avoid trial proceedings that may have impacted their case against the main target - the online poker operators.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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