Isai Scheinberg hands himself in the US authorities

The PokerStars founder pleads not guilty to the charges brought against him after poker's Black Friday.

PokerStars founder Isai Scheinberg handed himself into the authorities when he arrived in New York from Switzerland on Friday.

He pleaded not guilty to bank fraud, money laundering and illegal gambling and was released on $1 million bail, as first reported by Forbes.

These charges relate to the infamous happenings of 'Black Friday' in 2011, when PokerStars, Full Tilt and Ultimate Bet were shut down by the FBI in America. 

Although the 73-year-old has cooperated with US authorities since then, he has remained outside of US borders the entire time. However, the US began extradition proceedings against him last year. 

Scheinberg is the last of 11 men to face charges following Black Friday but he is the only one to plead not guilty to the charges brought against him. However, according to Forbes, Scheinberg has an agreement in principle with US prosecutors and is unlikely to face any jail time.

Scheinberg founded PokerStars in 2001 and continued to offer PokerStars to US players after the Unlawful Internet Gaming Enforcement Act was passed in 2006. PokerStars were then forced out of the US market in 2011 following Black Friday and Scheinberg handed over control of the site to his son Mark. He worked with US authorities in the acquisition deal of Full Tilt which helped reimburse players with money trapped on the site.