Rubin Sentenced to Three Years in Prison

08/12/2012
By Tommie ClarkGoogle
This past week, Ira Rubin, one of the eleven accused Black Friday defendants, received a three-year prison sentence for illegally processing online poker payments. Additionally, US District Judge Lewis Kaplan ordered Rubin to surrender five million dollars in profits.
 
In delivering the sentence, Judge Kaplan addressed Rubin, “You are an unreformed conman and fraudster,” and deemed his actions a “brazen” defiance of United States law. The judge went on to say, “A significant sentence is necessary to protect the community.”
 
In January, Rubin pled guilty to charges brought against him by federal prosecutors for processing billions in online poker revenue for top rated online casino games sites, PokerStars, Absolute Poker and Full Tilt Poker.
 
Prosecutors and Rubin’s defense team aimed for an 18-24 month jail sentence, but Judge Kaplan felt this was not enough for the crime. To lesson the blow, the Judge expressed his belief that Rubin would be credited for the nine months already spent in prison and could be eligible for release after 31 months.
 
The Judge also ruled that when Rubin fulfills the terms of his sentence, he will be forbidden from working in any job that relates to the handling of money or revenue.
 
Other defendants in the Black Friday case have already received sentences this past month, including Absolute Poker’s co-founder Brent Beckley. 
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