Daniel Tzvetkoff Bail Reversed
29 April 2010
Daniel Tzvetkoff Update
There has been more than a few who have wondered aloud why Daniel Tzvetkoff would be allowed to make bail in his case as a Las Vegas court had ruled before. It seems a New York court has another idea and today, sighting that Tzvetkoff was a serious flight risk, revoked his bail. A new hearing is scheduled however to determine if he would have to stay in jail or be allowed monitored home detention.
According to Judge Lewis A. Kaplan, “No condition or combination of conditions will reasonably assure the presence of the defendant as required.” Tzvetkoff is an Australian citizen and there are concerns if released from some sort of supervision, he would flee the country.
Daniel Tzvetkoff is facing 75 years in prison and there are some sources that claim he has over $100 million stashed in secret accounts that he has embezzled from money passing through companies he had set up.
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14 September 2010Daniel Tzvetkoff Released from New York Jail
The Australian businessman Daniel Tzvetkoff has been released from a New York jail according to news.com.au. The 27 year old had been charged with money laundering, conspiracy to launder, fraud and conspiracy to defraud. He was facing up to 75 years in jail but after a hearing with a federal magistrate behind closed doors we walked out of jail though there has been no official records released which could mean he is co-operating with federal prosecutors regarding online gambling.Read full article
28 April 2010Daniel Tzvetkoff Indicted By Grand Jury
Brisbane businessman Daniel Tzvetkoff, former CEO of gambling funds processor Intabill Inc., has been indicted by a federal grand jury. He now faces up to 75 years in prison and over $500 million in fines if convicted. The grand jury indicted him on charges of illegal gambling, money laundering and bank fraud.Read full article