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.
Federal prosecutors allege that he used Intabill to launder gambling money, using the automated clearinghouse system to transfer incoming money from various online gambling businesses to many phony offshore shell businesses he had set up. The transactions would be disguised as payday loan payments or other innocent payments.
The indictment states, in part: “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”.
Tzvetkoff was arrested earlier this month in Las Vegas, when he was seen by people to whom he owed large amounts of money.
He has remained in jail for several weeks and has a hearing today for prosecutors and his lawyers fight over bail and to see if he will be released with a home monitored detention.
In a follow up to Homeland Security seizing the Bodog.com domain name, a federal grand jury in Baltimore, MD., has now indicted Bodog Entertainment Group, four Canadians involved with said group and Bodog founder Calvin Ayre.
The indictments cover two charges stemming from June 2006 to January 2012, conducting an Illegal gambling business and money laundering conspiracy.
The seven-term Massachusetts Democrat Representative John Tierney is facing an election coming up; his wife Patrice is facing jail time. Patrice Tierney pleaded guilty to four counts of aiding and abetting the filing of false federal tax returns all resulting from her managing more than a $7 million bank account stemming from her brother, Robert Eremian’s online gambling business.
Eremian’s site, PlayLegal.com, used a site based in Antigua but operated out of the United States.
What a difference a week makes. California State Senator Roderick Wright (D- Inglewood) seemed to be a light for legalized online poker in the state has now been indicted by a grand jury on eight counts including filing a false declaration of candidacy, voter fraud and perjury beginning back in 2007. If convicted, Wright faces up to eight years and four months in state prison.
He pleaded not guilty and was released after posting bail of $45,000. His next court date is October 8th.