US online gambling payment processors Chad Elie, jailed during federal enforcement actions on Black Friday, is alleging professional malpractice on the part of his former legal representative, well-known US lawyer Jeff Ifrah, in a Nevada court.
Elie, who pleaded guilty to charges of conspiring to commit bank fraud and operating an illegal gambling business, says he paid Ifrah $4 million, including $1 million in commission payments from his payments processing company for obtaining information regarding the legalities of processing financial transactions related to online poker.
It is alleged that Ifrah encouraged Elie to process transactions for the poker companies through banks he introduced to Elie, and he was receiving $100,000 per month from the 21 Debit firm as a commission on procuring the deals.
Now Elie is claiming that Ifrah hid critical documentation and misled him about the legalities of processing poker because he wanted to continue pocketing rich commissions from Elie's company, Full Tilt Poker and Pokerstars.
What is more, in a 20-page filing Elie accused Ifrah for providing testimony and information against him and others to federal prosecutors in order to avoid being indicted himself.
While Elie is currently in a Californian jail serving a five month prison sentence for his processing activities, and is due for release in June this year, Ifrah has declined to comment on the lawsuit because he had not yet had an opportunity to study the complaint.
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