Online Poker Payment Processor Get Busted in NY

Ira Rubin, a man accused of helping online poker companies move and cover billions of dollars in illegal gambling proceeds overseas from U.S. customers was sentenced to three years in prison Thursday by a New York  judge. The judge called him an “unreformed con man” who has a long criminal history.

U.S. District Judge Lewis Kaplan handed 54-year-old Rubin one of the longest prison sentences yet in a prosecution that resulted in charges against nearly a dozen people and shut down the U.S. operations of the three largest Internet poker companies. Online gambling in the U.S. was thwarted in 2006 when the house and senate passed the Unlawful Internet Gambling Enforcement Act of 2006.

The authorities said that Rubin fooled U.S. banks into processing gambling proceedings by making it appear that money moving through the poker companies was actually the proceeds of transactions on websites for golf stores and other legitimate businesses, which it was not. If you miss playing online poker, but are still looking for some online gaming, try playing bingo and other online role playing games at www.partybingo.com.

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