Brent Buckley, co-founder of Absolute Poker, pleaded guilty today to conspiracy charges, according to the Associated Press.

Buckley’s sentencing is set for April 19. His plea deal calls for him to receive a sentence between a year and a year and a half in prison.

The 31-year-old Buckley, known as the director of payments for Absolute Poker, has admitted that he knew it was illegal to have US banks process gambling transactions so that customers could gamble online. AP reports that the gambling transactions were disguised as payments to hundreds of non-existent online merchants.

“I knew that it was illegal to deceive the banks,” Buckley told Magistrate Judge Ronald Ellis. Buckley said his criminal activity began in late 2006 and continued until last spring.

Stay tuned for more updates, but in the meantime, check out more Black Friday updates.

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