Friday July 27,2012 : BLACK FRIDAY'S RUBIN SENTENCED (Update)
Online poker processor sentenced to three years
US District Judge Lewis Kaplan is dealing swiftly with Black Friday defendants handing down his second sentencing surrounding the action this week to online poker payment processor Ira Rubin.
Rubin (54) received a harsher three-year sentence than Absolute Poker's Brent Beckley who will spend 14 months in prison.
Kaplan didn't mince words calling Rubin an "unreformed con man with a long criminal history" rejecting Rubin's claims that he was finished committing crimes after 15 convictions.
Federal guidelines call for a prison term of between 18 months and two years, however, Kaplan deemed there was an "extremely high threat" that Rubin would commit similar crimes again awarding the defendant extra time.
Rubin pleaded guilty to conspiracy charges related to illegal gambling, bank fraud, wire fraud and money laundering, admitting to assisting online poker companies hide the true nature of their transactions.
According to USA Today, Rubin has faced criminal charges in New York, Massachusetts, Missouri, Nevada, Florida and Virginia since the 1970's and has yet to pay an $8 million Federal Trade Commission judgment against him related to a payment-processing business he operated from 2003 to 2006 that was tied to telemarketing fraud.
An emotional Rubin said: "I'm 54-years-old and I'm tired of running".