Party Gaming co-founder, Anurag Dikshit, pled guilty in NY federal court to a 2-year old charge of violating the 1961 Wire Act.  Rather than risk two years in prison he took one year probation and agreed to pay a $300 million fine.  The poker industry’s reactions are mixed:  everything from merriment (because PartyPoker may return to the U.S. eventually) to disgust (because Dikshit’s plea gives legitimacy to a bogus law).  Even the district judge on the matter expressed concern that the law is not being enforced equally because U.S.-based companies, such as FullTiltPoker, are not being prosecuted.  (The half-glass full people read this as the law should not be enforced at all; the glass half-empty people read this as a federal judge suggesting the Department of Justice should prosecute FullTilt and other sites.)  Whatever it is, I am sure Dikshit is happy.  Two years in prison, even a white collar Hilton, is not fun.  He now gets to move on with his life and spend the boatloads of money he has left.  From his perspective, can’t argue with that logic.  Sometimes folding on the turn is the best option.