One of two men nearing trial in a case that shut down U.S. operations for three Internet poker companies has admitted he conspired with others to deceive U.S. financial institutions so they would process hundreds of millions of dollars in gaming transactions.
Chad Elie, of Las Vegas, entered the guilty plea Monday in U.S. District Court in Manhattan to a count of conspiracy to commit bank fraud and to operate illegal gambling businesses. The plea came as the money processor was scheduled to go to trial April 9 along with former bank executive John Campos, who has asserted his innocence.
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