Ex-PokerStars payments director Paul Tate spared jail time

Former PokerStars exec Paul Tate has dodged jail time for his role in the events that precipitated the Black Friday online poker indictments.

On Monday, Tate appeared in a Manhattan federal court, where US District Judge Lewis Kaplan ordered Stars’ former payments director to forfeit $119k but spared Tate from having to spend any time behind bars.

Tate, one of 11 individuals indicted by the US Department of Justice on April 15, 2011, was facing up to five years in prison for helping PokerStars disguise online poker payments as non-gambling transactions to circumvent the 2006 Unlawful Internet Gambling Enforcement Act, which prohibited US financial institutions from processing online gambling transactions.

But Kaplan took it easy on Tate due to the exec having willingly left the safety of the Isle of Man to return to US shores and face his accusers. The 42-year-old Tate appeared in the same court last month where he pled guilty to operating an illegal gambling business and claimed that he and his family had “paid a heavy price” for his actions.