Isai Scheinberg, founder of PokerStars, has been sentenced to time served and a $30,000 fine after he plead guilty to the charge of directing illegal gambling business in United States.
Scheinberg, 73-yard-old Israeli, confessed to the federal crime charge which effectively ended a prosecution going on from the year 2011.
This confession could have meant 12-18 months of prison sentence for Scheinberg but considering the fact that he surrendered before US authorities and the PokerStars took on the $304 million of Full Tilt Poker’s liability worked in his favour.
Considering the above circumstances, he was awarded the time already served by him in the US prison.
PokerStars was created and founded by Scheinberg in 2011 based on his skills in mathematics and software development. The site of PokerStars created by him became the biggest online poker websites of all times.
It landed in trouble for being violative of Unlawful Internet Gaming Enforcement Act in 2006, where US authorities seized the domain names of the websites and indicted Scheinberg and others for violation of the law.
PokerStars is now an entity within The Stars Group, which itself is now part of Flutter Entertainment and is a billion dollar entity.