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Payment processor Ira Rubin jailed; forfeits $5m

27th July 2012 7:54 am GMT

Ira Rubin, one of the payment processors indicted in April 2011 by the US Department of Justice in its clampdown on unlicensed online poker operators, was sentenced Thursday to three years in prison for processing tens of millions of dollars in illegal internet gambling transactions for PokerStars, Full Tilt and Absolute Poker.  Rubin had previously pleaded guilty to deceiving US banks about the nature of poker transactions they were processing and creating fictitious corporations and [...]

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