February 29, 2012

http://www.casinoscamreport.com/2012/02/29/lang-guilty-of-black-friday-money-laundering-in-online-gambling-case/

Canadian citizen, Ryan Lang, 37, pleaded guilty to U.S. conspiracy charges Tuesday in a U.S. District Court in Manhattan, saying he served as a middleman between poker companies and brokers who tricked banks into processing money for the gambling businesses.

Lang was named as one of  the payment processors in the infamous “Black Friday” indictment of April 15, 2011, involving PokerStars, Full Tilt Poker and Absolute Poker.

Operating from Canada, helping financial brokers, Lang admitted to using various stratagems that had been devised against U.S. laws, these clever artifices were meant to prevent banks from processing online gambling proceeds.

“I wish to publically apologize to anyone I’ve harmed by my conduct,” Lang said.

He pleaded guilty to conspiracy to commit tax fraud and violation of the Unlawful Internet Gambling Enforcement Act, accepting funds in connection with Internet gambling and conspiracy to commit money laundering. The charges carry a potential penalty of up to 30 years in prison.

Sentencing was set for Sept. 24.