Absolute Poker co-founder Scott Tom will plead guilty to a single misdemeanor in a plea deal stemming from the 2011 Black Friday indictments from the U.S. justice Department.
Tom originally faced multiple felony charges of illegal gambling and money laundering. In 2011 the Department of Justice moved to shut down offshore gambling sites that were illegally accepting bets from the U.S., charging the principles in several online firms.
According to a report at CalvinAyre.com, Tom reached a deal with federal prosecutors last month concerning indictments issued by the US Attorney for the Southern District of New York.
According to documents filed with the court and cited in the report, Tom agreed to plead guilty to a single misdemeanor count of being an accessory after the fact to the transmission of wagering information. Tom also waived his right to a jury trial. He is scheduled to be sentenced in September.
He faces a maximum of two years in prison. Tom has also agreed to forfeit “any and all property” derived from the commission of his illegal activity, the website reported.
