Payment processor pleads guilty in federal court

Accused payment processor Ira Rubin, who was one of 11 men indicted on April 15 by the U.S. Department of Justice, pleaded guilty to conspiracy charges in a Manhattan federal court on Tuesday.

From Reuters:

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Rubin, 53, was accused of illegally processing payments for PokerStars, Full Tilt Poker and Absolute Poker, the leading online poker sites doing business with U.S. customers. Facing nine criminal counts, he admitted today to three charges of conspiracy in Manhattan federal court.

Rubin, wearing a tan prison uniform, entered a guilty plea before U.S. Magistrate Judge Gabriel Gorenstein. According to a plea agreement with prosecutors, Rubin faces a prison term of 18 to 24 months under federal sentencing guidelines, which aren’t binding.

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Rubin’s criminal record dates to the 1970s, according to prosecutors, and includes at least 24 different crimes.

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I don't know what were his previous crimes, but in this case the guy contributed to the good cause :D

Won't be a first timer in the can :)

Does this mean money processing is still a problem for those gambling sites facing the US market? DoJ's recent explanation on internet transaction act did not affect this judgement?

In this particular case, the processors were fraudulently processing gambling transactions masking them as something else, falsifying bank documents, and committing money laundering, bank fraud, etc.