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  Payment dealer of FTP accused of plotting and gambling allegations

The ex-chief of payment dealings of Full Tilt Poker begged in front of a magistrate judge in the U.S. District Court in Manhattan. He is accused of plotting and gambling allegations. The resolution of Burtnick to get punishment from the U.S. government was largely executed to assist government in its constant clearing out of the online gambling business.

Burtnick frankly narrated his story during his hearing at the courts in Mahattan. He admitted that he was aware of his deeds and had to look for various modes frequently to conceal the funds coming out of the U.S. banks so as to avoid the U.S. laws related to internet gambling. He confessed that he was completely conscious of his infringement of the law during his services as head of FTP payment processing from Dec. 2006 to Apr. 2011.

As per inquirers, Burtnick and other recruits of the three poker companies went to the extent of showing that the money which was actually coming from gambling transactions came from non-gambling business activities. The recruiting companies of these convicts have been closed following renowned Black Friday clearing-out.

The blameworthy statement came from Burtnick after some months following a beating down when he ultimately surrendered himself to the U.S. authorities. The other culprits of Black Friday at that time were engaged in bearing the punishments given to them. Brent Breckley, the Absolute Poker founder got a 14-month imprisonment. Other co-processors of payments were Chad Elie and Rubin who got three-year imprisonment.

Although Burtnick has assisted the government, but still he may have to bear some hard reprimands. He may have to pay an undetermined amount of compensation and penalty for all the money and wages he got from his company during his service. He may also have to spend some years behind the bars.

His prison term has been arranged for Dec. 19 and he may have to spend around 15 years in the prison. Owing to his support to the government, he may ask for some mercy probably to reduce his prison term.


   2012-09-25






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