Campos Gets Prison Time for Black Friday Affair

07/11/2012
By Tommie ClarkGoogle
Last week, John Campos, one of the eleven people indicted over the Black Friday affair, received a three-month prison sentence in a Manhattan courtroom. Campos was partial owner and vice president of SunFirst bank, which allowed the processing of poker revenue from top rated online casinos, considered illegal in the United States.
 
Campos admitted to processing $200 million in revenue since 2009 for PokerStars and Full Tilt Poker. Campos stated that in 2009, St. George businessman Jeremy Johnson contacted him about having the bank process poker payments. Johnson’s partner, Las Vegas businessman Chad Elie, was indicted and has pled guilty, but Johnson was not charged.
 
Federal Judge Lewis Kaplan said although Campos did not personally gain significant profit from the deal, he engaged in a crime based on greed. Campos remained silent before sentencing.
 
Campos is the first to be sentenced in the Black Friday affair. Currently, the US Justice Department is trying the case and is optimistic it will have a settlement soon.
 
A letter signed on behalf of US district attorney Preet Bharara called for a brief adjournment “to facilitate, and hopefully, to successfully conclude, certain ongoing settlement communications.”
 
It has been reported that one of the best online casinos, PokerStars, is in settlement talks with the government. The company stated, “PokerStars is in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumors.”
 
 
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