Yes its more Black Friday news to report. A quick recap? On April 15 of this year the three major online poker sites operating in the U.S. were shut down by the Depart of Justice pending an investigation. The sites were accused of operating illegally, breaking the Wire Act and money laundering. In court this week Brent Beckley, the co founder of Absolute Poker website plead guilty to charges. Beckley admitted before the court that he knowingly filtered American player funds through cover companies so their payment could be processed by American banks. In American online gambling is illegal and most banks will automatically stop any payment to a known poker website. Because Absolute Poker laundered the money through shell companies they manage to process millions of dollars within American borders. Beckley was facing a thirty year plus jail sentence before he plead guilty to fraud and money laundering charges. According to news sources he has worked out a plea bargain with the court system which will assure he spends less than two years in jail. Beckley is 31 years old. U.S. Attorney in the case Preet Bharara released a press release from his office discussing the Absolute Poker case. He discusses the Internet Gambling Act of 2006 and the choice of several casino sites to ignore the official prohibition against online gambling within United States. Because the casinos had their headquarters in other countries they managed to operate for a few years before the Department of Justice had enough evidence to shut down their domain names. There was no mention of a plea bargain by the District attorney's office and sentencing is set for April 2012.