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Online Poker Payment Processor Elie Pleads Guilty to Conspiracy

A Las Vegas man who processed payments for online poker companies pleaded guilty to a scheme to deceive banks into processing hundreds of millions of dollars in Internet gambling transactions.

Chad Elie, 32, was one of one of 11 people charged last April by prosecutors in the office of Manhattan U.S. Attorney Preet Bharara in a revised indictment against the founders of PokerStars, Full Tilt Poker and Absolute Poker.