Eleven people were charged with bank fraud, wire fraud, and money laundering by the US Department of Justice on Friday, April 15th. Two of the defendants, both payment processors, have pleaded not guilty.

Chad Elie was arrested in Las Vegas last Friday the day before his wedding to model Destiny Davis. He was released on Saturday for his marriage, and he turned himself in again when the weekend was over.

Elie appeared in court for ten minutes and pleaded not guilty to his nine charges. William Cowden will represent him. During his court appearance, Cowden gave a prosecutor a 500 gigabyte hard drive, and Frank Maas, the magistrate judge, voiced his surprise at this. Elie was released after paying a $250,000 bond and has strict travel restrictions while his trial is pending.

Bradley Franzen turned himself in to the FBI once the weekend was over. He is accused of creating Green2YourGreen, a fake business complete with a website. The website claimed that people could purchase their products and sell them to others for a profit. The website even had products advertised and a link to the Direct Selling Association Code of Ethics.

Such fake businesses were allegedly used by Franzen to disguise poker transactions to US poker sites. He is accused of tricking financial institutions into allowing such illegal transactions to take place.

The 41-year old pleaded not guilty to Frank Maas yesterday. His parents then enabled his release on a $200,000 bond that was secured by their house.

If either of the accused is found guilty of conspiracy to commit bank and wire fraud, they have the possibility to receive up to 30 years in prison. Prosecutors are seeking $3 billion in penalties from PokerStars, Full Tilt Poker, and UB/AP, which were considered the best US poker sites online prior to the accusations.

Keep your eye on FlopTurnRiver.com for more news regarding Black Friday and the Department of Justice indictment.