Former SunFirst Bank official John Campos, charged with processing payments for illegal Internet poker sites, will plead guilty to a misdemeanor banking charge today, his lawyer said.
In a plea agreement, Campos and federal prosecutors agreed that federal sentencing guidelines call for him to receive from zero and six months in prison, Hafetz said. U.S. District Judge Lewis Kaplan, who is presiding over the case, is free to disregard the guidelines, which aren’t binding.
Campos is one of 11 people charged last April along with the founders of Pokerstars, Full Tilt Poker and Absolute Poker. Prosecutors from the office of U.S. Attorney Preet Bharara in Manhattan claim the three companies illegally circumvented a 2006 law that bars banks from processing payments to offshore gambling websites.
The case is U.S. v. Tzvetkoff, 10-CR-00336, Southern District of New York (Manhattan).
To contact the reporter on this story: Bob Van Voris in New York at email@example.com
To contact the editor responsible for this story: Michael Hytha at firstname.lastname@example.org