Bradley Franzen, 41, admitted he helped online poker operators find banks to process millions of dollars in transactions that he knew were illegal.
Franzen is one of the 11 people indicted last month by the US Department of Justice in connection with seizures of domain names and bank accounts of online poker operators. On Monday he pleaded guilty to charges of conspiracy to commit bank fraud, accepting funds in connection with illegal gambling, and conspiracy to commit money laundering.
According to reports, Franzen entered into a plea agreement that would call for him to testify on behalf of the prosecution. In exchange, prosecutors will recommend leniency for charges that carry up to 30 years in prison, when Franzen appears for sentencing on August 26th.