Poker Processor Sent Back To Jail Amid Escape Concerns

An online poker processor free on a bond has been sent back to Lee County jail, Florida after increasing concerns that he may try fleeing the country.
German citizen, Michael Olaf Schuett aka Olaf Brand was accused of illegally processing around $70 million in online poker winnings between Nov. 1, 2007 and when he was arrested in March this year.
Schütt was facing up to 5 year in prison when his 28 year old’s wife of nine months, Jennifer Sherman (28) originally posted a $100,000 unsecured bond for her husband. However, she is now largely responsible for his re incarceration after she became concerned he may try to flee and she would lose the money.
As the federal court records state, Jennifer Sherman “indicated she was in fear, was afraid her husband was going to flee, and wished to be removed from the defendant’s bond.”
Despite his defense attorney James Felman arguing that Schuett had shown “substantial and exemplary” behaviour while assisting federal investigators and should remain free on a bond, U.S. Magistrate Judge Sheri Polster Chappell was of a different opinion.
Noting that “The defendant has no employment ties, no familiar ties, is not a U.S. citizen and sought information to obtain a pilot’s license,” the judge ordered him back to Lee County jail.
Schuett’s sentencing has now been moved to November 8th.
Earlier this year  authorites were originally put onto Schuett’s illegal poker processing empire after “Federal Express employees became suspicious…when Schuett began mailing over 150 parcels per week. FedEx employees opened several of the parcels and determined that each contained a check.”
Schuett was subsequently arrested and his assets seized, including $2.47 million from numerous bank accounts, $10,000 in cash from his home, as well as jewelry and cars.

Other news:   WSOP.com reportedly expanding player pool to Michigan

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