Payment processor pleads guilty

Payment processor pleads guilty

Thursday, 20 September 2012

The former director of payment processing at Full Tilt Poker has pleaded guilty to conspiracy and gambling charges at a hearing at a New York court.

According to the Associated Press, Nelson Burtnick admitted disguising payments from US customers to Full Tilt Poker and acknowledged that what has doing was illegal. Prosecutors alleged that transactions to online poker sites were made via fake companies.

The 41-year-old Vancouver native agreed a plea bargain deal with prosecutors that will see him pay an unspecified amount of restitution and forfeit all money derived from the crime.

The charges carry a maximum prison term of 15 years. Burtnick is expected to be treated leniently when sentencing is carried out on 19 December though, as long as he cooperates fully with prosecutors.

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Tags: Full Tilt Poker, law, Nelson Burtnick, Black Friday, law