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NY judge gives poker money man jail for bank fraud

Associated Press Modified: October 3, 2012 at 7:01 pm •  Published: October 3, 2012
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Authorities say the defendants created phony corporations and websites to make it appear that hundreds of millions of dollars in gambling proceeds were from other types of businesses.

It seemed Elie didn't care whether he was doing something illegal as federal investigators closed in, "playing a game with the government, a catch me if you can game with the government," the judge said.

"This entire case reflects a situation in which there was ... a criminally reckless spitting in the eye of the government," he said.

Elie had pleaded guilty to conspiracy to commit bank fraud and to operate illegal gambling businesses, saying he served as a payment processor for all three companies at various times from 2008 through early 2011.