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Black Friday Processor Ira Rubin Goes to Prison

Tags: absolute poker, black friday, bloomberg, full tilt poker, ira rubin.
Posted on 27 July 2012 by "T".

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.


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7 comments on "Black Friday Processor Ira Rubin Goes to Prison"

 noonlion27/07/2012 11:07:50 GMT
Seems pretty light really.

I'll bet $5m won't effect them. And how long would a regular burglar who has stolen money be put away for? Longer probably.

Such bullshit - they wear a suit while they steal and defraud therefore they aren't seen as major criminals.
 pochui27/07/2012 11:08:36 GMT
ah well, small loss 5 mil and 3 years in a luxury apartment next to the shitter Thumbs up i'm just happy to see dudes going to jail for their "heroism" maybe next time they will be more careful and at least figure out a way how to "disappear into thin air" before police catches them. give me back my $0.23
 Fakiry27/07/2012 15:17:30 GMT
Is it reasonable that these crimes end up with the possibility of the guilty person to ever have the same activity again in the future? This is like following the principle “Once a thief, always a thief” and, if he is going to acomplish a sentence because of the crimes he had commited, he is already paying for them, he should be paying during all his life. Why do people go to jail (by definition)? To pay for the crimes they did. That time in jail should be to put the mind in place, recognizing what has been done wrong, and internalize the idea that now on only good things should be done. That’s why newspapers don’t come out with news like “25 year jail condemned is out today” because that would be like condemning the person again for a crime that he/she already paid for. If it’s a judge that kills and he can’t jugde in the future, i tend to think in a different way…
 mikelaw4727/07/2012 17:01:23 GMT
Fakiry, ever seen Midnight Express!! well life for possesion of 200kilo of hash dont fit the crime.
 B1gfoot27/07/2012 17:50:41 GMT
Well after holding back millions from the sites, I don't think he will be bothered about the 5 mill forfeit.
3 years, down to 1.5 on good behaviour and already pleaded guilty in Jan, so less than a year behind bars..
I would sit in the cell with a huge grin on my face if I was him.
 Macubaas28/07/2012 05:34:45 GMT
It's good to see that the US justice does his buisness right and people responsable now need to pay with their money and freedom.

I would like to know that the money forfeited by the US gov will be given ack to people, not to US budget.
 Neptunus2130/07/2012 13:59:35 GMT
i'm pretty sure it's he's gonna get a maximum of 8-9 years,and he'll be out in about 5. you know what they say: Money makes the world go round.

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