Exclusive Video: Black Friday Payment Processor Chad Ellie
In part 1 of our exclusive four-part interview with infamous poker payment processor, Chad Elie, Elie discusses the role of that payment processors played in the industry before 'Black Friday, how he got introduced into the world of payment processing and how it was an undoubtedly a shady industry.
In Part 2 Elie discusses how his former partner Jeremy Johnson allegedlystole from online poker operators, why he took the risk of processing poker transactions in the United States after UIGEA, transparency in the industry, and more.
Elie, was indicted along with ten other men on April 15, 2011 as part of what is now known as the Black Friday indictments. Although he was adamant about fighting the indictment,Elie eventually pleaded guilty to conspiring to commit bank fraud and operating an illegal gambling business in the United States and served afive month prison sentence.
Prior to serving his time, Elie opened up to the poker community through his twitter account @BlackFridayChad and has been eager to shed light on the poker payment processing industry.