In April 2012 John Campos was granted a plea bargain misdemeanor guilty plea for his role as a Black Friday defendant. Campos was indicted on April 15th, 2011 for violating the Unlawful Internet Gambling Enforcement Act (UIGEA), conspiracy to violate the UIGEA, conspiracy to engage in money laundering, and operating illegal gambling businesses in violation of the Illegal Gambling Business Act of 1970.
Federal Judge Lewis Kaplan at first refused to accept Campos’ guilty plea until prosecutors could explain, in writing, why Campos guilty plea was not for a felony. That issue was solved when Kaplan accepted the single charge on April 19th after receiving an explanation from prosecutors.
Sentencing was delayed.
A recent report from the Associated Press said that Campos had been sentenced to three months in prison for the role he played in processing $200 million in gambling funds when he was vice chairman of the board of directors of SunFirst Bank. Campos denied that his processing gambling funds for PokerStars and Full Tilt Poker was related to a $10 million investment in the bank.
Kaplan said that Campos still 'engaged in a greed-driven crime' although he did not make much money personally. Campos was silent before sentencing.
Campos is probably drinking champagne and toasting to the beauty of life since he faced up to 45 years in prison if he were convicted on all charges and instead came out of it with only a three-month prison sentence. Part of his plea agreement is that he is banned from employment in the banking industry for the rest of his life. Bring more champagne!