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Rubin Sentenced To Three Years In Prison

Written By: PokerNet.com | July 27, 2012 | Posted In Poker News

One of the eleven men who took part in last year’s “Black Friday” indictments has been sentenced. Ira Rubin is sentenced to three years in prison and is ordered to forfeit $5 million dollars in earnings.

Rubin has been accused in April of last year of being an accomplice by helping online poker sites to illegally process payments made by the customers. These sites were AbsolutePoker.com, PokerStars.com and FullTiltPoker.com. He has pleaded guilty in January to all three charges of conspiracy. This was after his detention inGuatemalawhere he had fled to avoid arrest.

Rubin’s attorney and theUSgovernment had recommended 18 to 24 months imprisonment as was specified by federal guidelines. US District Judge Lewis Kaplan seemed to have a different perspective and was also quoted saying that such term in prison would not serve as a lesson not to commit the same crime in the future.

In a Manhattan Courtroom, Kaplan was reported to have told Rubin that he was “an unreformed conman and fraudster.” He added that there has to be a significant sentence to protect the community.

Kaplan has declared that these actions made by Rubin were in clear and shameless defiance ofUSlaw. He expected that Rubin will receive credit for the time he had already spent between bars. Therefore, he could be released after 31 months provided he has shown good behavior.

Upon Rubin’s release, he is forbidden to engage in any operation or business occupation that is related to processing of payments or to financial services.

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