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Three-year sentence for Rubin

‘Black Friday’ defendant also ordered to forfeit five million dollars in earnings and avoid any future involvement with the payment processing or financial services industry.

Friday 27th July 2012

Ira Rubin, one of the eleven men charged as part of last year’s ‘Black Friday’ indictments, has been sentenced to a three-year prison sentence and ordered to forfeit five million dollars in earnings. Accused in April of 2011 of helping to illegally process payments for online poker sites, and, Rubin pleaded guilty in January to three conspiracy charges after being detained by authorities in Guatemala where he had fled to avoid arrest. The government and Rubin’s own defence attorney had recommended a sentence of 18 to 24 months, as specified by the advisory federal guidelines, but US District Judge Lewis Kaplan stated that such a term in prison would not have served as a deterrent to future crime. “You are an unreformed conman and fraudster,” Kaplan reportedly told Rubin in a Manhattan courtroom. “A significant sentence is necessary to protect the community.” Kaplan declared that Rubin’s actions had been in ‘brazen’ defiance of US law while explaining that he expected the defendant would receive credit for the time he had already spent in jail and could be released after 31 months with good behaviour. Once released, Rubin is to be forbidden from participating in any business occupation related to payment processing or financial services.

Source: OnlineCasinoNews

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