Isai Scheinberg, Founder Of PokerStars Pleads Guilty

[image credit : PokerStars]

Isai Scheinberg, founder of PokerStars, has pled guilty in a New York court to running a multi-million dollar unlawful internet gambling business.

Scheinberg pled guilty to one count of operating an illegal gambling business, for which he faces a maximum sentence of up to five years in prison. Judge Lewis Kaplan will be responsible for determining the punishment, with the date for sentencing yet to be set.

Geoffrey Berman, US Attorney for the Southern District of New York, revealed that Scheinberg, 73, had been arrested in Switzerland on 7 June 2019, as a result of the US charges. The Swiss Federal Office of Justice then ordered his extradition to the US in October that year, a decision that he appealed.

However, Scheinberg then withdrew his appeal and surrendered to federal agents on 17 January, and was arraigned before Judge Katharine Parker that day.

“Ten years ago, this office charged 11 defendants who operated, or provided fraudulent payment processing services to, three of the largest online poker companies then operating in the United States – PokerStars, Full Tilt Poker, and Absolute Poker – with operating illegal gambling businesses and other crimes,” Berman said.

“As Isai Scheinberg’s guilty plea today shows, the passage of time will not undermine this office’s commitment to holding accountable individuals who violate US law.”

bitcoin
Bitcoin (BTC) $ 11,825.00 1.55%
ethereum
Ethereum (ETH) $ 393.87 0.96%
ripple
XRP (XRP) $ 0.293999 1.57%
tether
Tether (USDT) $ 0.999248 0.12%
bitcoin-cash
Bitcoin Cash (BCH) $ 299.97 0.62%
chainlink
ChainLink (LINK) $ 13.12 6.37%
cardano
Cardano (ADA) $ 0.142902 0.55%
bitcoin-cash-sv
Bitcoin SV (BSV) $ 222.60 1.00%
litecoin
Litecoin (LTC) $ 57.97 1.91%
binancecoin
Binance Coin (BNB) $ 22.43 0.05%
S&P 500  ^GSPC 
$3,360.47  $9.19  (0.27%)
Dow Jones Industrial Average  ^DJI 
$27,791.44  $357.94  (1.30%)
NASDAQ Composite  ^IXIC 
$10,968.36  $42.64  (-0.39%)
Russell 2000  ^RUT 
$1,584.67  $15.49  (0.99%)
Crude Oil Sep 20  F*CL.NYM 
$41.99  $0.7700  (1.87%)
   
$0.0000  $0.0000  (0.00%)