01Jul
US Government Denies Ira Rubin Bail

The Black Friday incident may have turned millions of people’s lives around, but arguably the ones most affected by the issue were those who were implicitly named by the DOJ. They’re most likely not short on money or anything like that, but they are facing decades in prison if they do get indicted. Imagine going from Luxurious five-star hotels to a dumpy prison cell. Ira Rubin is said to be one of the people who helped the three major poker sites named in the indictment on making alternative avenues for payment. He is one of the 11 men indicted by the DOJ in relation to the Black Friday Incident.

Ira Rubin’s Case

Last month, news came out that Ira Rubin was arrested in Guatemala. He was then held in Miami, where he was to face trial for being a payment processor for the “Big Three”. Things were going pretty awry for him with the whole arrest and all, but the situation just got infinitely worse when he was denied bail by Judge James Cott. Now, if you look at this from just anybody’s point of view, you’d see a 53-year old man, formerly a very successful executive, being denied quite cruelly of bail, even though he obviously has the means to pay it. But then, Judge James Cott said he had every reason to deny Rubin his bail. The biggest concern, of course, is that Rubin is a huge flight risk. Rubin had actually lived in Central America for long stretches of time in order to avoid being charged with telemarketing fraud. Also, when they arrested him, he was actually preparing to flee to Thailand. As such, it would be better for them to detain him rather than risk losing him. Besides, this isn’t the first time that Rubin has been arrested. In 2006, he was charged with telemarketing fraud when he assisted nine telemarketing firms in Canada on selling nonexistent credit cards. However, Rubin did not show up for his hearing. When a warrant was issued for his arrest in 2008 – which Ira has been trying to avoid ever since.

Ira Rubin’s Bail

It still seems kind of cruel though to deny Rubin bail. He was just asking to be allowed to live with his parents in Florida and that he would be granted $300,000 bond. But if you know the story behind Ira, then you’re less likely to sympathize. His lawyer, however, says that it’s a waste of taxpayer’s money to detain Ira and that the government should be fighting terrorism and not gambling. He has a point, but it won’t be helping his client any.

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