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Home / Poker News January 2012 / The Poker Grapevine – Ira Rubin Guilty

The Poker Grapevine – Ira Rubin Guilty

Posted by: Randy Williams - Mon, 2012-01-23 13:14

The Poker Grapevine – Ira Rubin Guilty

Ira Rubin, the payment processor who had helped online poker companies Full Tilt Poker, Absolute Poker and PokerStars disguise their financial transfers in order to elude the grasp of US authorities before the Black Friday events, has apparently pleaded guilty to 3 charges brought against him, striking a plea bargain which is likely to shave massive time off his potential prison sentence. Rubin has apparently pleaded guilty to conspiracy. He has been sitting in jail since April 2011 when law enforcement agents apprehended him in Guatemala, just as he was allegedly trying to slip through to Thailand.

UB may indeed be on the ropes due to the Black Friday problems, as is the entire Cereus network, which is highly likely never to see the light of cyberspace again, but it seems like their problems don’t stop there. Several poker pros, among them well-known Canadian player Brad Booth, Dustin Wolf and Tom Koral have filed a RICO suit against Excapsa software, the company that used to be behind Ultimate Bet and Absolute Poker when the sites were rocked by a cheating scandal a few years ago. According to the filed complaint, Excapsa stole around $20 million from its players through the perpetration of a software loophole which allowed certain people to see their opponents’ hole cards while playing.
Booth has always been outraged by the above said cheating, and he’s always been vocal about how he was stripped of around $2 million by Ultimate Bet super-users.

In other news: with legal online poker appearing more and more likely in the US, Ladbrokes have made a move towards securing a presence on the US market once the wheels and cogs of the legal system start turning towards a positive outcome: they have purchased a major stake in Stadium Technology Group, a Las-Vegas based online wagering software provider.
The deal gives Ladbrokes access to technology used by the Golden Nugget and the Hard Rock casinos.

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