Breaking News: Elie Changes Plea to Guilty in Black Friday Case

With jury selection in the ‘Black Friday’ online poker trial only two weeks away, in a surprise development today, Chad Elie changed his plea to guilty.

Elie, one of only two defendants poised to take the fight to the courts, appeared today in  New York  Federal Court, pleading guilty to one count of conspiracy levied in the Black Friday case against him.  He was originally charged with violations of the Unlawful Internet Gambling Enforcement Act (UIGEA), operation of an illegal gambling business, (IGBA), conspiracy to commit bank and wire fraud, and money laundering.

Elie, becomes the fourth defendant to plead guilty since Black Friday. As part of his plea agreement  he reportedly now faces 6-12 months in prison and has agreed to forfeit $500,000. Sentencing is scheduled for October 3, 2012.

John Campos, the Utah banker, is still scheduled to go to trial commencing on April 9.

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