Chad Elie 4th Man to Plead Guilty in Poker Black Friday Case

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US LawChad Elie is one of the eleven men charged last year as part of a federal government crackdown on illegal Internet gambling. At a hearing in a Manhattan federal court on Monday, Elie pled guilty to a single count of conspiracy and has agreed to pay $500,000 in exchange for a sentence ranging between six to twelve months. Elie was supposed to go on trial April 9 but managed to arrange a plea bargain.

Elie admitted to opening bank accounts in order to facilitate payments to poker companies, including PokerStars and Full Tilt, and to misrepresenting to the banks that accounts were being used for “unrelated e-commerce businesses.”

The eleven men have numerous charges against them including violation of the Unlawful Internet Gambling Enforcement Act (UIGEA), the 2006 law that made it a crime for banks and other companies to knowingly accept electronic payments in connection with illegal Internet gambling, and violation of the Illegal Gambling Business Act (IGBA).

Over the last 4 months, Ryan Lang, Ira Rubin and Brent Beckley all pled guilty to certain charges connected to the indictment in the hopes of getting shorter sentences.

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