• Daniel Tzvetkoff Granted Bail In Las Vegas

    22 April 2010


    Daniel Tzvetkoff, a failed Brisbane internet gaming businessman, was arrested Friday in Las Vegas while attending an e-commerce conference. A U.S. Federal Court judge has agreed to release him on bail after his father agreed to put up his $1.1 million home for surety.

    Tzvetkoff was arrested in a casino after he was spotted by people to whom he owed a lot of money. He was charged with money laundering more than $540 million through his internet business.

    Judge Peggy Leen, disagreed with the U.S. government attorney, declaring that Tzvetkoff was not a flight risk. His attorney had argued that a U.S. citizen would not be denied bail under similar circumstances.

    He is still in detention as his attorney fights a separate U.S. immigration detention order. He could remain in jail for several more days as his lawyers argue that a U.S. Immigration Customs Enforcement detention order should not apply since a U.S. Federal Court Judge has already ruled that he should not be detained for an alleged crime.

    The judge also ruled that he has to travel by car to New York where the trial is to take place.

    You can read the full story on this page by scrolling down.

    Related News

    • 21 May 2010

      Rep Frank Hopes To Bring Gambling Bill To Floor This Year

      Rep. Barney Frank, the Chairman of the House Financial Services Committee has said that he plans to bring his bill legalizing online gambling before his committee in July and hopes to have it passed by the House this year.Frank testified before the House Ways and Means Committee on Wednesday in support of a bill by Rep. Jim McDermott, which sets up a framework for taxing online gambling. The committee was hearing evidence for and against such a proposal.

      Read full article
    • 04 May 2010

      France to Legalize Online Casino Gambling

      The government of France has decided to legalize online casino gambling. Going in direct defiance of recent actions by Estonia and Belgium, France has drafted a law that would legalize online casino gambling and would allow local and foreign investors to invest in this activity and partake in the more than 1 billion Euros played by French citizens in the last year. France will benefit in a big way from the taxes to be paid by each online casino.

      Read full article
    • 28 April 2010

      Daniel 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