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A former Utah banker, John Campos, has been sentenced to three months prison time for his role in an alleged money laundering scheme involving online poker rooms PokerStars, Full Tilt Poker and UB.com.
Campos was sentenced Wednesday in Manhattan. The former vice chairman of SunFirst Bank in St. George pleaded guilty in March to a misdemeanor gambling charge.
Federal Judge Lewis Kaplan said Campos did not make much money personally but still engaged in a greed-driven crime. Campos did not speak before the sentence was imposed.
He admitted that he processed $200 million in gambling proceeds since late 2009 while he was vice chairman of the SunFirst Bank’s board of directors.
Campos said his processing of the gambling proceeds for PokerStars and Full Tilt Poker was not in return for a $10 million investment in the bank.
Five executives from three of the firms charged remain fugitives, including the heads of Full Tilt Poker and PokerStars.
An executive with UB.com, Brent Beckley, was expected to be sentenced on Thursday (June 28, 2012), however, attorneys for Beckley were hoping to have sentencing postponed until later July.
- Chris Costigan, Gambling911.com (Associated Press was also used for this story)
