Black Friday banker jailed for three months

Black Friday banker jailed for three months

Thursday, 28 June 2012

Former banker John Campos has been given a three-month prison sentence for his role in illegal payment processing for poker sites.

According to news agency Bloomberg, Manhattan District Judge Lewis Kaplan rejected Campos' request for a non-custodial sentence and in addition to the jail time, Campos was given three years' probation and was banned from serving as an officer or director of a bank.

Campos, a former vice-president Utah's Sun First bank admitted to processing $200 million in gambling proceeds from late 2009 onwards. He was charged with violating the Unlawful Internet Gambling Enforcement Act as part of the Black Friday proceedings.

The 59-year-old had pleaded guilty to a single misdemeanor charge in March but Judge Kaplan initially rejected the agreement reached with US prosecutors, questioning why Campos hadn't been charged with a felony. Kaplan accepted the single charge at a later hearing in April.

According to the Associated Press Judge Kaplan described Campos' misdemeanor as a 'greed-driven crime' and that he was 'extremely lenient' in handing down a sentence of just three months.

Tags: John Campos, Black Friday, legal