Intabill Founder Daniel Tzvetkoff
 

75 years in the slammer !!!! :Oh crap

http://www.news.com.au/business/auss...-1225855037623

ahahahahahahahahahahahahhahahahahahahahahahahahah

what was his nick here? Coyote or something like that?

i still remember the merchant solutions booth and all the advertising that was never paid for - lol

he's so fucked

Shit happens :P

Ouch. Been reading about this guy for years, his real estate (incredible house being built), etc. I'll tell you what I would not trade the rest of my natural life for any amount of money to live large for a few years before spending the rest behind bars.

Dingo and Lcorporazione or something. (merchsolutions)

And... I cant describe how hard I am laughing now. This guy has ripped ppl of SOOOOOOOO much money.





:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh

He should have been more careful hiding his money.

Why do you think I use Epass.

Jez 500 mils?!?

THE RISE AND FALL OF DANIEL TZVETKOFF

AUGUST 2001: BT Projects founded

FEBRUARY 2007: Online payment company Intabill registered

MARCH 2008: Tzvetkoff buys Hedges Avenue mansion for $28 million. Has additional property portfolio of more than $21 million

AUGUST 2008: Features on Sunday Mail Rich List worth $82 million

MARCH 2009: Buys V8 supercar team, Inta Racing

APRIL 2009: Sacks 96 staff at his Intabill office

JULY 2009: BT Projects placed in liquidation with debts of $80 million

JULY 2009: Business partner Sam Sciacca sues Tzvetkoff for $100 million

JULY 2009: Online poker house Kolyma sues for $52 million

JULY 2009: Sells partnership in Zuri nightclub

AUGUST 2009: Sells 30m superyacht Maximus

NOVEMBER 2009: Hedges Ave mansion sold for $17 million

JANUARY 2010: Files for bankruptcy

APRIL 2010: Charged by US authorities with money laundering. Faces 75 years in jail

From the article in the first post

I met him once, with his Mangmnt team at a show. I was with a friend of mine who was a big client of theirs and we popped by their boot to say hello. God, it must hve been 3-4 yrs ago. I remember thinking , this guy is a kid.... and at the time was building the biggest private home in AUS or something nuts.

Crazy shit this internet we live in :)

thats his Spam name (Dingo) on Specialham - remember that forum back in the day? :)

that was a fast ride.

whats this guys story and instabill? I remember something.

This guy deserves what he is getting - he screwed a lot of people that I know for a lot of $$.

Also - he has no one to blame but himself - he's been living the high roller life going in and out of Vegas for a while now - acting like no one could touch his prison bound ass. Karma is a bitch :2 cents:

Yupp, and on spamtraffic when he was an ultranoob.

InTAbill.. inSTabill were furious about him stealing the name. Actually it was just one of the many many processors he set up, but then intabill somehow stuck and became the main company name... (AFAIK)

Geez.. another look into the world of poker payment processing.

And it's another case of an under-30 scammer-punk single-handedly running a payment processing company that shipped out over $500 million.

I like how the guy rolled poker sites for $100 million, and they had no choice but to just STFU about it and take it in the ass, since the sites themselves are illegal in the US. Kinda reminds me of drug deals gone bad.

How did this idiot lose so much money? Payment processing for online gambling is pretty much a ticket to easy millions. The only downside is the risk of getting arrested and rotting in jail for many years. But no payment processor should find itself in the red unless it's managed horribly.

It sounds like this guy had a big spending problem, so he probably blew all of the money he made, plus whatever he stole.

People said that online poker would become legal, with Obama taking office. It hasn't improved one bit. That same office in New York is still aggressively pursuing payment processors, just like the Bush-appointees in that office did with Neteller.

Steals 100 mil from casinos and there are still body parts around to arrest. The world HAS changed.


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Exactly.

The sick thing is that he probably would have been ok if he just stayed out of the USA. This is why many US citizens that have any stake in online casinos/poker sites stay the hell out of the country.

I have always wonder how the crew at Full Tilt Poker, Phil Ivey, etc has gotten away with it all these years.. I think their days are numbered.

I like Canada :thumbsup

Maybe he can continue "payment processing" for who ever pimps his ass in prison

Right let's hide 50+Mil in Epass LOL

Wow, I remember Daniel from 2004.

Just remember to keep it in your Wallet account instead of Virtual account for added security though.

Good point. :winkwink:

How do you start a billing company anyway? Does anyone actually know?

Wow he's looking at 75 years, that's a serious bid. He aint gonna catch bail looking at that much hard time.

They gonna love that cute lil accent in the joint :1orglaugh

If you get 75 years in the US, when can you expect to get out? In 50, 60? 75lol?

With federal charges you do the whole 75 minus a tiny bit for good behavior. For state charges it varies but around here you do 25% for non-violent crimes.

I can think of his body parts that will be getting abused in jail in the near future. No running now.

You play with fire, you get burned.

Is that just because he's going inside or do inmates get hard for cyber fraud?! :Oh crap

That Hedges Ave house is now on it's forth owner and all three before him have gone broke

http://imgur.com/48u1n.jpg

todays update :Poker giants turned in bankrupt internet tycoon Daniel Tzvetkoff

hah no. If he tried to fight it and lost he would get 75 but he will cop a plea deal.

With that much money involved, he will do hard time. I'd say 6-10 years in the fed pen.

No, not for cyber fraud but where he will be going is probably a maximum security prison because he will most likely be doing a 5-10 yr bid.

When you're in with guys doing 10yrs/20yrs-to life, they don't give a fuck and will stab you in neck if you look at them the wrong way. Not somewhere you want to be.

You've got to say, it probably wasn't a smart idea going to the States in the first place.

What is he now, the second or third high-profile guy to get caught because he landed on US soil?

Good link :thumbsup


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Think he will make bail? or will they deem him a flight risk? An offshore book should set the lines. I'd take he makes bail :)

revenge is sweet ................:2 cents:

"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," a former workmate said."

Why do I think that this will be his nick in the pen ?

karma is a bitch eh?

75 years in the slammer for Tzvetkoff. I think somebody did not like him.

he makes bail you were right :thumbsup

Dont know anything about this dude, but is he sporten a mullet?? Sorta looks like it.
Also why was he on GFY a while back??? Was he in adult errrrrr.... Yaaaah????/