Online Poker Payment Processor Daniel Tzvetkoff Arrested In Las Vegas

The Australian founder of online processors Intabill, was arrested in Las Vegas on Friday and now faces charges which include bank fraud, money laundering and processing illegal internet gambling transactions.
The 27-year-old Daniel Tzvetkoff is alleged to have helped process over $500 million in transactions between February 2008 and March 2009, and when his company finally collapsed he was left with debts totalling over $80 million including $30 million owed to four online poker sites.
Despite being declared bankrupt, Tzvetkoff was still involved in managing a separate consulting and billing group offshore, and was in Las Vegas on a 10 day conference when he was spotted by several US online poker pros he owed money to. As a former workmate of Tzvetkoff explains:
“Daniel went to the US and got into the country, no problems, but I think him wandering around that conference sort of thumbing his nose at some of the people he owed large amounts of cash to caused them to get in touch with the FBI.”
Now Tzvetkoff  stands accused of violating America’s UIGEA law , by “disguising the transactions to the banks so that they would appear unrelated to gambling.”
As the DOJ goes on to explain: “Tzvetkoff and his co-conspirators created dozens of shell companies with names unrelated to gambling – complete with phony websites that made the companies seem legitimate – and represented to banks that the… transactions were on behalf of these companies.”
“On May 3, 2008, one of Tzvetkoff’s co-conspirators in an email told Tzvetkoff that he had hired programmers to develop ‘unique’ websites for the shell companies so that if someone was ‘checking the companies out there is absolutely no way to tie the companies together.’ Tzvetkoff responded: ‘This is all perfect!”
Daniel Tzvetkoff was once believed to have been worth $82 million, and was known back in his native Australia for his luxurious and lavish lifestyle.
However, things began to fall apart for him after ex-business partner Sam Sciacca tried to sue him for $100 million and Tzvetkoff has since been forced to sell off many personal assets including a Gold Coast mansion, a Brisbane nightclub and his black Lamborghini.
 If found guily Daniel Tzvetkoff could be facing up to 75 years in a US prison.