Bank Tied to Poker's Black Friday ShutdownSunFirst Vice Chairman John Campos was Named in April's Indictment |
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SunFirst Bank, a Utah financial institution associated with poker’s Black Friday, was shutdown late last week by state regulators.
SunFirst Vice Chairman John Campos was named in April’s indictment that also included members of PokerStars, Full Tilt and Absolute Poker.
Campos allegedly processed the illegal Internet gambling transactions at the request of Las Vegas businessman Chad Elie.
The bank was experiencing financial troubles in addition to its legal ones, losing $2.7 million in the first half of 2011.
Both Campos and Elie were arrested on the morning of the indictment. Campos was released on $25,000 bail, and Elie was released on $250,000 bail.
The allegations include violation of the Unlawful Internet Gambling Enforcement Act (UIGEA), money laundering and bank and wire fraud.
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