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Online Gambling News: Daniel Tzvetkoff to Make Bail Application

Written by:
C Costigan
Published on:
Apr/18/2010
Daniel Tzvetkoff

Arrested payment processor Daniel Tzvetkoff is expected to make a bail application this coming Wednesday.

Tzvetkoff, who was arrested Friday in Las Vegas, is charged with laundering $500 million through illegal gambling transactions.  He is also alleged to have scammed the online gambling houses out of millions of dollars in recent years.

The native Australian business tycoon is not likely to be let out on bail however as US Government officials may consider him a serious flight risk.  In 2006, British national David Carruthers was arrested en route to Costa Rica while changing flights in Fort Worth, Texas.  Carruthers served as CEO of BetOnSports.com and was also charged with money laundering.  He would eventually be placed on house arrest and monitored by electronic ankle bracelet. 

The charges are especially serious as Tzvetkoff could face a maximum of 75 years behind bars.

Christopher Costigan, Gambling911.com Publisher 

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