02/21/2012 : $51.4 MILLION IN POKER PROCESSING PAYMENTS CONCEALED
Yet this businessman did not appear on the Black Friday indictments
It appears that not everyone involved with payment processing companies and online poker prosecutions in the United States ended up in the headlines – this week a shadowy Utah figure was named by a court appointed receiver as hiding $51.4 million allegedly earned processing online poker payments by moving funds through a variety of shell companies.
The Salt Lake Tribune newspaper reports that a businessman from the state, Jeremy Johnson, surfaced in investigations by a court appointed receiver, who claimed that he tried to conceal the funds after the Federal Trade Commission sued him and his companies for scamming consumers out of at least $275 million.
Investigators reported that they had uncovered 65 previously unknown entities that were “involved in moving funds and concealing” assets.
“A majority of these entities do not appear to have generated any business income and were used as conduits to reroute funds and to commingle and hide funds,” the receiver's report claimed.
Johnson has been linked to John Campos and Chad Elie, who both face trial next month after their motion to dismiss the federal charges against them was denied by a federal judge