A poker probe defendant pleads not guilty in NYC

AP News
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Posted: Apr 18, 2011 4:09 PM
A poker probe defendant pleads not guilty in NYC

A Chicago man has pleaded not guilty in New York to charges in a federal crackdown on the three largest online poker websites in the United States.

Bradley Franzen is one of 11 people charged in the case. He was released Monday on $200,000 bail.

Outside court, defense attorney Sam Schmidt said he and his client were reviewing the indictment and had no immediate comment.

Franzen, who surrendered in New York, also has a home in Costa Rica.

The indictment alleges Franzen was among a group of highly paid "payment processors" who lied to banks about the nature of the financial transactions. The charges against him carry a potential penalty of 85 years in prison if he's convicted.

Other arrests in the case occurred Friday in Nevada and Utah.