Daniel Tzvetkoff
Daniel Tzvetkoff, the supergrass that helped shut down the US online gambling industry in 2011 with information he gave to US government agents after his arrest, has avoided a jail term for his part in processing over $1 billion worth of deposit transactions for online poker companies.
During a hearing in New York on Wednesday 4th June US District Court Judge Lewis Kaplan passed sentencing on Tzvetkoff with time off with jail time already served along with a forfeit of $13 million for his part in the processing transactions activity.
On passing his decision Judge Kaplan also allowed Tzvetkoff to return to Australia where the former playboy is now working as a chief technical officer at a respectable organisation, his lawyer Robert Goldstein said in filings to the court.
Tzvetkoff’s Queensland online processing company, Intabill, illegally processed more than $US1 billion in US transactions for online gambling websites PokerStars, Full Tilt Poker and Absolute Poker, according to court documents.
At one time the Australian whizz kid had a personal fortune of $82 million from online gambling transactions, but many of the online poker companies said that he had ripped them off for millions.
Until Tzvetkoff agreed to help US federal agents in shutting down online gambling in the US the judge told him he faced 75 years in jail.
