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Former PokerStars Employee Paul Tate Avoids Prison in Black Friday Case

  • Former PokerStars employee Paul Tate avoids prison in Black Friday case by forfeiting $119,000.

Former PokerStars employee Paul Tate forfeit $119,000 to avoid prison Nov. 28 after pleading guilty for operating an illegal gambling business in the U.S., Reuters reported.

Tate was indicted with 11 others after the Black Friday crackdown on online poker companies operating in the U.S. back in April 2011. The list included other online poker companies, Full Tilt and Absolute Poker, who were all also accused of money laundering.

Congress put a federal ban on online real-money gambling games in 2006.

Tate ran payment processing for PokerStars during this time and pleaded guilty in October. He stood to face five years in prison. Tate left PokerStars in 2014 when it was acquired by Amaya Inc. Nine others have pleaded guilty.

However, the U.S. District Judge Lewis Kaplan ordered him to forfeit money instead, stating that Tate had accepted responsibility by staying for the charges instead of returning to his home base, Isle of Man, where he could have avoided extradition, according to Reuters.

In 2012, PokerStars settled for $731 million. That included $547 million that went to reimbursing Full Tilt players in the United States.

Read the full story here on Reuters.

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