BLACK FRIDAY DEFENDANT DENIED BAIL

Wednesday, June 8 2011 : lleged payment processing abettor stays in jail
 
U.S. citizen Ira Rubin (52) has been denied bail by U.S. Magistrate Judge James L. Cott at a detention hearing held in Manhattan, New York, this week.
 
Rubin was among eleven people indicted in April 2011 in an internet poker crackdown by U.S. authorities and has been charged with nine counts including conspiracy to violate the Unlawful Internet Gambling Act in connection with Pokerstars, Full Tilt and Absolute Poker.
 
Assistant U.S. attorney Arlo Devlin-Brown said Rubin assisted in the recruitment of people and the setup of phony websites to serve as payment processors for the online poker companies and "processed hundreds of millions of dollars in payments himself."
 
U.S. Magistrate James L. Cott heard evidence from Federal Prosecutors that Rubin fled the U.S. in 2008 on an unrelated telemarketing-fraud charge and allegedly chartered a plane from Costa Rica to Guatemala on the day the indictment was issued where "he could easily obtain a fake passport".
 
"I do think this entire case is a little bit of an over-kill," said Stuart D. Meissner, Ira Rubin's lawyer. "We will fight the charges."