Daniel Tzvetkoff Released from New York Jail
14 September 2010
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.
When we last reported about Tzvetkoff he was being turned in by poker houses he allegedly owned millions of dollars to and was arrested for:
The U.S. Attorney’s office estimates he helped online gambling companies launder upwards of $540 million (U.S. currency) into offshore accounts. It is alleged he tricked banks into believing that the gambling transactions were really ordinary transactions.
He was granted bail in Las Vegas that was later reversed in New York and then Tzvetkoff was indicted which in part stated:
“Tzvetkoff and his co-conspirators obtained unique websites and toll-free numbers for these shell companies and developed phony websites to make the companies appear to have a valid, non-gambling purpose”.
Now though the US Department of Justice would not confirm it, a spokesman has claimed:
“He was released on bail on that date (August 23).”
29 April 2010Daniel Tzvetkoff Bail Reversed
Daniel Tzvetkoff UpdateThere 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.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
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article