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Online Poker Officer Faces Hard Time

MANHATTAN (CN) - The director of payment processing for an online gambling site pleaded guilty Tuesday and faces up to 25 years in prison on federal charges of conspiring to commit bank fraud and wire fraud, deceiving U.S. banks by using them to process tens of millions of dollars for Absolute Poker.

Brent Beckley, a U.S. citizen, returned to the United States from Costa Rica, where Absolute Poker is based, after a superseding indictment accused him and 10 others with criminal violations involving three Internet poker company's, the U.S. Attorney's Office said in a statement announcing the plea.

Beckley, 31, faces up to 35 years in prison at his April 19, 2012 sentencing, prosecutors said.

Four others charged in the superseding indictment - Bradley Franzen, Ira Rubin, Chad Elie and John Campos, have returned to the United States.

Franzen pleaded guilty and awaits sentencing.

Trial for the other defendants has been set for March 12, 2012.

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