Online poker payment processor admits to charges

Online poker payment processor admits to charges

Online poker payment processor admits to charges. An Illinois man admitted in federal court on Monday to helping large online poker websites dodge U.S. gambling laws by processing millions of dollars in payments from his home in Costa Rica and lying to banks about the nature of the transactions.

So-called "payment processor" Bradley Franzen, 41, pled guilty in New York to criminal charges of conspiracy to commit bank fraud, conspiracy to commit money laundering and being part of operating an illegal gambling business. He faces a possible maximum prison term of 30 years.