New York-native Elio Fox has won the 2011 World Series of Poker Europe Main Event, defeating Chris Moorman heads-up to take the title and €1.4 million first-place prize.

The 25-year-old Fox, a former student at Bard College who has won over $2.3 million online, boosts his career live poker tournament searnings to over $2.5 million with the win.

Fox was the runaway chip leader coming into the final table today in Cannes with 3.9 million in chips and he kept his edge from beginning to end.

Given the caliber of his final-table mates, it was needed.

First to bow out of the final eight was young British pro Max Silver, who got his stack in early on with AK against Moorman’s jacks and failed to improve. Second in chips coming in to the final table, Triple Crown winner Jake Cody was then a surprise bustout in 7th.

Cody lost two big pots in succession to engineer his demise, the final blow being a horrible beat after getting it in good with jacks vs. Fox’s tens only to lose to a straight.

Defacto WSOPE Player of the Year Shawn Buchanan was next to go in sixth, getting it with with tens against Dermot Blain’s A-4 only to see an ace come on the river.

Including a runner-up finish in the €10,400 Split Format event, Buchanan cashed four out of the seven events in Cannes to take home over €425,000.

Blain followed Buchanan out the door in fifth, but the roughest exit of the day maybe belonged to fourth-place finisher Brian “flawlessvictory” Roberts.

The well-known high-stakes pro had worked his stack up to over $3 million before his fortunes turned in a huge hand against UK pro Moorman.

Moorman raised to 175,000 in the cut-off and Roberts called on the button. On a

 flop, Moorman checked and Roberts bet 245,000.

Moorman check-raised to 605,000 and Roberts called. The turn card came the

 and Moorman bet out 675,000. Roberts called and the river came the .

Moorman shoved, Roberts called and flipped over the

 for the flopped second-nut flush, but Moorman turned over the . Roberts was crippled and busted out shortly after.

Finishing in third after a fairly under-the-radar day was German pro Moritz Kranich, leaving Moorman and Fox to go toe-to-toe heads-up.

Starting with a 2-1 chip advantage, Fox kept the pressure on from the start. He only increased his stack from there, finally busting Moorman after rivering a flush in a big hand and then getting it in with his A-T dominating Moorman’s A-7 shortly after.

Fox adds the 2011 WSOPE title to an already impressive year in live poker tournaments which includes a win at the Bellagio Cup in July for $644,192.

Moorman takes home €800,000 and the knowledge he gave Ben Lamb an unexpected sweat for the WSOP Player of the Year title.

Had Moorman won he would have scooped the lead in the POY race from Phil Hellmuth and force Ben Lamb to finish fourth at the upcoming Main Event final table to secure the award.

With the second-place finish however Moorman falls just short and the guaranteed 100 points Lamb will receive for his at-least ninth-place finish locks in the title.

Here are the official final eight finishers and their payouts, courtesy of wsop.com:

1. Elio Fox €1,400,000
2. Chris Moorman €800,000
3. Moritz Kranich €550,000
4. Brian Roberts €400,000
5. Dermot Blain €275,000
6. Shawn Buchanan €200,000
7. Jake Cody €150,000
8. Max Silver €115,000

For a full rundown of the day’s action, check our WSOPE live updates section.