Bradley Franzen pleads guilty

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Bradley Franzen [Bradley Franzen is part of the 11 persons remains April 15], the banker who had been accused of several crimes during black friday just changed its defence before the New York District Court yesterday in Manhattan.

Earlier, he had pleaded not guilty to charges of conspiracy to commit bank fraud, money laundering and of participation in the operation of an illegal gambling enterprise. Yesterday, reports the Reuters news agency, he decided to plead guilty.

By pleading guilty, Bradley Franzen could spend 30 years behind bars. Franzen was acting as an intermediary between payment processors and involved online games companies.
Thus, he acknowledged being contacted by online poker sites for making payments in 2009 while aware of the risk he was taking. He also lied to the banks and created front companies, false companies and Internet sites to launder the payments.

He said: "I was aware that U.S. banks were not conducting payments. And I understand that United States laws forbid it."

On April 18, Franzen had been released through the deposit of $ 200,000.

By cooperating, he hopes the clemency of federal prosecutors. Franzen will know his fate on August 26. It's likely paid a fine of several thousand dollars to a few million dollars. PokerCollectif will keep you informed of this new when the award will be divulged.

To date, eight of the eleven persons appointed by American justice during the Black friday are still on the run outside the United States.

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