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As first reported by Gambling911.com, an executive of Absolute Poker was released from prison this past Thursday after serving just 10 months of a 14 month prison sentence.
His family was so thrilled to have him out, though angry customers of the now defunct business might wishing he were still in there rotting away.
UB.com, Absolute Poker founder Brent Beckley had pleaded guilty to money laundering and bank fraud and was originally sentenced to 14 months behind bars.
Beckley, 32, joined Costa Rica-based Absolute Poker in 2003 and became its head of payment processing. In December 2011, he pleaded guilty in Manhattan federal court to conspiring to break U.S. laws against gambling on the Internet. He also pleaded guilty to a charge of conspiracy to commit bank fraud and wire fraud.
U.S. District Judge Lewis Kaplan said Beckley deserved prison time despite his surrender and cooperation because "the sentence has to make clear that the government of the United States means business in these types of cases."
"I fooled myself into thinking that what I was doing was OK," Beckley told the judge.
- Jagajeet Chiba, Gambling911.com
