Update: Campos Enters Guilty Plea

To be sentenced on June 27

After a senior judge Lewis A. Caplan accepted prosecution’s explanation why Black Friday defendant John Campos was allowed to plead guilty to misdemeanor, the indictee has finally entered his guilty plea to one misdemeanor count of “...causing a bank insured by the Federal Deposit Insurance Corporation to process illegal gambling transactions.”

It has been reported that the judge was explained by US Attorneys Preet Bharara, Arlo Devlin-Brown, and Andrew D. Goldstein that Campos' involvement was “relatively minor” in relation to the other suspects charged, adding that the sentencing and punishment guidelines for the misdemeanor charge were similar to that of the felony charges Campos faced.

In addition to the sentence which will be proclaimed on June 27, as part of his plea deal Campos agreed to a lifetime ban from the banking industry.

So far, seven of the 11 individuals named in the Black Friday indictment filed in US District Court of the Southern District of New York a year ago have pleaded guilty.

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