Three years for Black Friday indictee Rubin
Payment processor gets longer sentence than John Campos or Brent Beckley.
Ira Rubin, one of the 11 individuals indicted on Black Friday, has been sentenced to three years in prison.
His sentence is more than twice as long as that handed to Absolute Poker director of payments Brent Beckley, and substantially more than the three month sentence given to John Campos, the first indictee to be sentenced.
Several other indictees, the most notable among them being Full Tilt Poker CEO Ray Bitar, are still awaiting sentencing or trial after entering their respective pleas.
Rubin pleaded guilty to three charges in January this year, admitting to conspiracy to violate UIGEA, conspiracy to commit bank and wire fraud, and money laundering conspiracy.
According to the Washington Post, Judge Lewis Kaplan described Rubin as an “unreformed con man and fraudster”. The 54-year-old had previously been sentenced to 37 months in prison for an unrelated Wire Fraud conviction in 1995, and was denied bail after having chartered a plane to Thailand on the day of the Black Friday indictments.
A resident of Costa Rica, he was arrested in Guatemala two weeks after Black Friday before making his first court appearance in Miami in April 2011.