In January, Ira Rubin pleaded guilty to conspiracy in connection with his role as payment processor for PokerStars, Full Tilt Poker and Absolute Poker. He faced a maximum penalty of 55 years, but since he pleaded guilty many expected him to get away with a much lighter sentence. And so he did...
According to Bloomberg, Ira Rubin was recently sentenced to three year in prison and order to forfeit $5,000,000. Bloomberg also revealed that Rubin cannot participate in any business occupation related to payment processing or financial services once he's out of prison.