Brent Beckley was given a 14-month prison sentence today for his involvement with Absolute Poker. Beckley and 11 other people, along with three online poker sites, were indicted for money laundering, bank fraud, and illegal gambling on April 15th, 2011.
On December 20th, 2011, Beckley pleaded guilty to criminal charges that included conspiracy to commit bank and wire fraud. Beckley admitted that he knowingly broke the law when deposits and withdrawals to banks were disguised by Absolute Poker to facilitate gambling funds.
Reuters reported on Monday that Beckley confessed to U.S. District Judge Lewis Kaplan, "I fooled myself into thinking that what I was doing was OK."
Beckley’s cooperation with prosecutors did not deter Kaplan from giving him the 14-month sentence "to make clear that the government of the United States means business in these types of cases."
Beckley's cooperation gave him a reduced sentence - he was facing a 30 year maximum sentence. Judge Kaplan sentenced another Black Friday defendant last month, former bank executive John Campos who received three months in prison.