Lang admits he served as a middleman, helping internet poker companies to circumvent U.S. laws on payments
Canadian citizen Ryan Lang pleaded guilty in a Manhattan federal court Tuesday to conspiracy charges in another prosecution stemming from the Black Friday indictments against online poker companies and payment processing executives (see previous InfoPowa reports).
Lang admitted he served as a middleman, helping the poker companies arrange to circumvent U.S. laws meant to prevent banks from processing online gambling proceeds from 2007 to the middle of 2010.
He operated from Canada, helping financial brokers who made false statements to the banks to trick them into processing payments, the Associated Press news agency reveals.
In court Tuesday, Lang expressed contrition for his involvement and conduct, for which he could face imprisonment for up to 30 years. Sentencing is to follow.