Daniel Tzvetkoff is only 27 years old, but he is already one of the richest men in the world. He lives in a $29 million house and owns a fleet of luxury cars. But one wouldn’t like to be in his shoes because he was recently arrested in Las Vegas for a large number of criminal offences such as money laundering, processing illegal gaming transactions, and cheating banks. He stands accused of being responsible for the flow of more than $500 million through online casinos, and online poker sites.
Tzvetkoff is a resident of Australia. He founded Intabill, which floundered in bankruptcy from February 2008 to March 2009. When his company went bankrupt, he found himself up to his ears in debt, owing a staggering amount of $80 million, of which he owed $30 million to four online poker sites. Tzvetkoff immediately declared bankruptcy, in spite of which he continues to operate innumerable offshore payment processing companies.
Recently, Tzvetkoff flew to Las Vegas to attend a 10-day conference. An employee of one of the poker sites to which he owes money spotted him, which led to his arrest. Today, he faces accusations of cheating banks and violating UIGEA, the US anti-gaming law.
The US Ministry of Justice said that Tzvetkoff and his associates have created several illegal companies, each of which has an impressive website. Tzvetkoff used these websites to pass off his companies as perfectly legal. These illegal methods helped him cheat banks and process illegal online gaming payments.