Menu
Home

Crime & Courts

Judge sentences man in poker money operation to prison for bank fraud

A man who processed money illegally for three Internet poker companies whose U.S. operations were shut down has been sentenced in New York to five months in prison by a judge who says he played a "catch me if you can" game with the government.

Las Vegas resident Chad Elie was sentenced Wednesday by federal Judge Lewis Kaplan. The judge says evidence showed Elie didn't really care he was committing crimes even after he realized others in the online poker conspiracy were getting arrested.

Elie pleaded guilty to conspiracy to commit bank fraud and to operate illegal gambling businesses. He must forfeit $500,000.

The judge says the criminal case against those involved in online poker has revealed a "reckless spitting in the eye of the government" by defendants.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.25% dw 4.43%  
15 Y Fixed Graph 3.21% up 3.17%  
30 Y Fixed Jumbo Graph 4.54% dw 4.60%  
5/1 ARM Graph 3.56% up 3.21%  
5/1 Jumbo ARM Graph 3.55% dw 3.60%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.35% up 4.34%  
$50K HELOC Graph 4.06% -- 4.06%  
$30K Loan Graph 5.06% up 4.98%  
$50K Loan Graph 4.50% up 4.39%  
$75K Loan Graph 4.50% up 4.39%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.92% up 2.90%  
36 M Used Graph 3.44% up 3.41%  
48 M New Graph 3.18% up 3.17%  
48 M Used Graph 2.92% -- 2.92%  
60 M New Graph 3.18% up 3.17%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.33% dw 0.35%  
1 yr Graph 0.65% up 0.64%  
5 yr Graph 1.34% -- 1.34%