04-17-2010, 04:29 PM
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Unregistered Abuser
Industry Role:
Join Date: Oct 2007
Posts: 15,547
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Intabill Founder Daniel Tzvetkoff
75 years in the slammer !!!! 
Quote:
FALLEN online entrepreneur Daniel Tzvetkoff faces 75 years in a US prison after being charged in relation to $584 million money-laundering scheme.
The 27-year-old was arrested in Las Vegas on Friday and appeared in a federal court, where he was detained until a bail hearing on Wednesday (US time).
A relative unknown only two years ago, Ipswich-born Tzvetkoff shot to prominence in 2008 as the founder of online payment processing company Intabill.
Tzvetkoff's lawyer, Mace Yampolsky, told The Sunday Mail his client was "distraught" and would apply for bail.
According to a 15-page indictment, Tzvetkoff faces charges of money laundering, money laundering conspiracy, gambling conspiracy and bank fraud conspiracy.
Prosecutors from the US Attorney's Office allege Tzvetkoff assisted illegal online gambling companies to launder about $US540 million ($A584 million) into offshore accounts.
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http://www.news.com.au/business/auss...-1225855037623 |
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