Former payment processing director for Full Tilt Poker, Nelson Burtnick, pleaded guilty to conspiracy and gambling charges on Wednesday in a Manhattan court. Burtnick was one of 11 men indicted on Black Friday by the U.S. Government.
The Associated Press reports that Burtnick revealed to the court he knew he was breaking the law when he hid online poker transactions between U.S. customers and Full Tilt Poker. Burtnick was facing a total of eight counts - a superseding indictment added to the original charges in July 2012. The Department of Justice believes Burtnick was working with Full Tilt Poker CEO Ray Bitar in an attempt to deceive financial institutions with fabricated credit card transactions and by creating fake companies.
Burtnick surrendered in August to authorities when he left his home in Dublin and arrived in New Jersey. He pleaded not guilty to all charges of money laundering and bank fraud at that time; he was released on $500,000 bond.
Burtnick is facing up to 15 years in prison and his sentencing is scheduled for December 19th.