Black Friday Defendant John Campos Sentenced to Three Months in Prison
Black Friday defendant John Campos has been sentenced to three months in prison for his role in the illegal processing of payments for PokerStars and Full Tilt Poker.
According to the Associated Press, Federal Judge Lewis Kaplan said Campos engaged in a "greed-driven crime." Campos admitted to processing $200 million in gambling proceeds since late 2009 while serving as the vice chairman of SunFirst Bank in Utah.
Campos was indicted on April 15 on charges of violating the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006, conspiracy to violate UIGEA, operating illegal gambling businesses in violation of the Internet Gambling Business Act of 1970, and conspiracy to engage in money laundering.
In March, Campos pleaded guilty to a single misdemeanor bank gambling charge in order to avoid a trial set for April 9 in New York. Campos' plea agreement with federal prosecutors was originally refused by Kaplan, who questioned why Campos was being let off without a felony. Kaplan then accepted the single charge on April 19 after hearing explanation from prosecutors.
Campos faced up to 45 years in prison if convicted on all charges. He is now barred from the banking industry for life as part of the plea agreement.
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