Gambling 911: Tzvetkoff to be star witness in Black Friday trials

[The Buzz]

Gambling 911 publisher Chris Costigan is reporting that Australian Daniel Tzetkoff, the 28-year-old payment processor who was arrested last year in Las Vegas for allegedly stealing hundreds of millions of dollars from U.S. online poker rooms, will be the star witness in the government's Black Friday indictments against the same poker rooms he allegedly stole from.

From Gambling 911:

The 28-year-old Tzvetkoff was arrested in Las Vegas in April last year for allegedly laundering more than $US500 million for the three Internet poker rooms and is facing 75 years in a US federal prison. Ironically, there were unconfirmed rumors at the time of Tzvetkoff’s arrest suggesting operatives at Full Tilt Poker tipped off Feds regarding his journey to Vegas. The Australian had shut down his payment processing business prior to being arrested, withholding millions of dollars from the big three rooms. On April 15 executives from the three companies were charged with money laundering and bank fraud. Tzvetkoff was widely believed to have entered a witness protection program, becoming an informant for the Feds.

[grem]

Full tilt get ripped off twice

[giggles7p]

No shit! That man has guts, or is just plain ass stupid....what a punk, gets rich being dirty, and turns state evidence once he got caught to save his own ass....how much you want to bet theres a bounty on his head?

[Anthony]

So what happened to the money Tzetkoff allegedly stole from the poker rooms?

[rak]

So what happened to the money Tzetkoff allegedly stole from the poker rooms?

Before he was caught in Vegas and as his company was going belly up... he was living with his parents. They were firing staff, closing shop, things were getting repossessed I think.

bought 20-30 million dollar unfinished house
pumped 50 million into a vegas pay day loans company
5-8 cars
nightclubs
spending big wherever a loose cannon could

They had shell companies setup all over the globe, it wouldn't surprise me if some of the money is still stashed away. But from what I understand, he had to divulge all locations of the money, to get a free ride and go into witness protection.

There was zero money left for staff entitlements. His business partner tried suing him for 150 million dollars, and ended up selling his personal assets just to cover the staff entitlements.

[Renee]

No shit! That man has guts, or is just plain ass stupid....what a punk, gets rich being dirty, and turns state evidence once he got caught to save his own ass....how much you want to bet theres a bounty on his head?

I also thought about this. There are just some people in the world you don't f*** with..

[EugeneK]

Obvious idiot. Nothing else.