Black Friday indictee Campos "reaches plea deal"
Former part-owner of SunFirst Bank pleads guilty to a single misdemeanour charge.
John Campos, the former owner of SunFirst Bank who was indicted on Black Friday, has reached a plea deal with United States authorities.
After Chad Elie changed his plea earlier today, Campos became the only remaining payment processor indicted on Black Friday yet to enter a guilty plea.
Both Elie and Campos had seen multiple motions to dismiss rejected by Judge Lewis Kaplan, with Campos facing six charges including two counts of operating an illegal gambling business, and one allegation of money laundering conspiracy.
But now Forbes magazine reports that the 58-year-old has agreed to plead guilty to a single misdemeanour charge.
All five of the indicted payment processors, plus Absolute Poker’s Brent Beckley, have now pleaded guilty to some or all of the charges levelled against them. The remaining indictees – including the founders of PokerStars, Full Tilt Poker and Absolute Poker, are understood to be outside the United States.
The trial had been due to begin in Manhattan on 9 April, but the start-date is now unclear.