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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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NEW YORK (AP) — A man who processed money illegally for three Internet poker companies whose U.S. operations eventually were shut down was sentenced on Wednesday to five months in prison by a judge who said he played a "catch me if you can" game with the government.

Las Vegas resident Chad Elie, 32, was sentenced by U.S. District Judge Lewis A. Kaplan, who also ordered him to forfeit $500,000.

The judge rejected a recommendation by the federal Probation Department that Elie be sentenced to probation, six months of home confinement and community service. He said letting Elie escape a prison sentence would not deter others from committing similar crimes.

Elie apologized, saying, "I'm very sorry and regret my actions."

The judge responded, "Claims of remorse I in some respects credit but not all."

He noted that evidence showed Elie "kept right on going" when federal authorities began making arrests in a case that resulted in charges against a dozen people, some of them overseas, where they helped PokerStars, Full Tilt Poker and Absolute Poker fool U.S. financial institutions.

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