Published in Articles

Daniel Tzvetkoff hurts US Online Poker

2011-04-16 10:32 by Olsdog

Formerly known as the "boy genius," IntaBill founder Daniel Tzvetkoff may be the key piece in what toppled the US online poker industry. Last year, Tzvetkoff was arrested by US authorities for money laundering, and was facing 75 years in prison; he couldn't even get bail because the US thought he was too big of a risk to flee the country. However, Tzvetkoff was able to save his own skin by pointing the finger at major online poker sites like Full Tilt Poker and Pokerstars.

Reporter Paul Toohey ran a big story on this whole mess in the Courier-Times newspaper entitled "Web King behind FBI Raids." As the paper reported:

The Courier-Mail reported today that the deal came after Tzvetkoff - a Brisbane boy wonder, who started a company with school mates at 13 - became embroiled in a massive, $543 million stew of money laundering, bank fraud and conspiracy that could bring down the world of online gambling.

Federal prosecutors in New York yesterday charged the founders of the three largest internet poker companies in the US with bank fraud, money laundering and other gambling offenses and are seeking penalties upward of $3 billion.

Federal authorities also froze approximately 76 bank accounts in 14 countries that contain proceeds from the alleged offenses. They also shut down five internet domain names used by the three companies to host their games.

A total of 11 defendants, including the founders of Poker Stars, Full Tilt Poker and Absolute Poker, were named in the indictment unsealed Friday.

The Courier-Mail reported today that two of those companies Full Tilt Poker and PokerStars, had been seeking $100m they believed Tzvetkoff had taken from them.


Once hailed as a genius who was on the fast track to becoming an internet entrepreneur guru, Tzvetkoff will now be known as the guy who ripped off both Full Tilt and Pokerstars, then brought them and the rest of the US online poker industry to its knees by ratting poker sites out.

Sure the US had been building a case against online poker rooms for a while, but Tzvetkoff sped things up with his willingness to narc on anybody and anything in an effort to save himself. If you'd like to read the rest of Toohey's article, here it is .



 



More Articles

The World's Coolest Poker Stories: Stu Ungar 
Phil Hellmuth Charity Poker Tournament 174 days ago There are many famous stories from Stu Ungar's glory years, and some consider him to be the greatest poker tournament player that ever lived. But one story stands out above all others, and it involves a famous hand between Ungar and the 1990 World Series Main Event champion, Monsour Matloubi. Ungar challenged Matloubi to a $50k heads-up game bec... Read more
 
Online Poker or Live Poker: What is best to play? 
Phil Hellmuth Charity Poker Tournament 204 days ago Playing online poker is an enormous way to get proficiencies and skill with the game. Many people question moving their play to the internet as they concern that they will be unable to find somewhat as a result. Overall certainty, in effect each feature of [urln]vegas.williamhill.com/online-casino/[/urln][titlen]Playing poker in an online casino is... Read more
 
The World's Coolest Poker Stories: Jordan Young 
Phil Hellmuth Charity Poker Tournament 385 days ago In August of 2010, Jordan “Jymaster11” Young completed one of the most amazing feats in poker history. First, he won the Full Tilt Sunday Brawl along with $104,951, before following up this up with a victory in the Full Tilt Sunday $750,000 Guarantee for $132,787.50 - both on the same day! Between the two tournaments, Young beat out 6,0... Read more
 
Michael Mizrachi offers Interesting Poker Strategy 
Phil Hellmuth Charity Poker Tournament 693 days ago Most common poker strategy advocates that new players start out in the lower stakes and work their way up. The idea is that you'll lose less money/have a better chance of winning by playing against worse competition. However, Michael Mizrachi has a totally different thought on the matter: "I wouldn't start low stakes, I would start at maybe... Read more
 
Phil Ivey Flirting and Living Wealthy Lifestyle 
Phil Hellmuth Charity Poker Tournament 710 days ago Given that Phil Ivey has won millions in juicy cash games, over $21 million in live tournaments, and earned a fortune through his old Full Tilt Poker sponsorship deal, it doesn't take a genius to realize that he's rich. But just how deep does his wealth run? Well a Playboy Magazine feature offers a lot of insight into Ivey's high-roller lifestyl... Read more
 
Top 10 Poker Rooms  |  View all Poker Rooms
1 BetOnline Accepting US players $2000 Bonus Read review
2 Redbet $2500 Bonus Read review
3 Americas CR Accepting US players $1000 Bonus Read review
4 Titan Poker $2000 Bonus Read review
5 Bodog Poker Accepting US players $1000 Bonus Read review
6 PokerStars $600 Bonus Read review
7 Full Tilt Poker $600 Bonus Read review
8 24hPoker $500 Bonus Read review
9 myBet $600 Bonus Read review
10 888 Poker $400 Bonus Read review



Shoutbox
Shout
   
admin Welcome to our newest member bettingtips
2016-07-23 12:13
   
admin Welcome to our newest member kocengmalek
2016-06-11 05:42
   
admin Welcome to our newest member iplbettips
2016-04-12 14:01
   
admin Welcome to our newest member rickymartin
2016-02-06 10:51
   
admin Welcome to our newest member andrewchain
2016-02-06 10:03
   
Shoutbox history

nuts@cardking.info  |  Friends with Poker Hands Ranking  |  All Rights Reserved. © 2010-2016