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Tzvetkoff to Testify Next Month

March 21, 2012

What will be a year after Black Friday, to the month, the Australian payment processor who allegedly tattled on himself and other online poker payment processing associates, Daniel Tzvetkoff, is set to testify in next month’s trial against Utah banker John Campos and Tzvetkoff’s former business partner, Chad Elie. Tzvetkoff will testify against for the prosecution as a witness to confirm his part in the Black Friday sting last April.

Campos and Elie’s trial is set for April 9th in New York. They are accused of multiple offenses including money laundering and conspiracy to commit bank fraud. Elie, 31, is charged with nine different offenses and faces up to 85 years in prison. Campos, 57, who allegedly consented to the illegal gambling transaction processes, is charged with six different offenses and faces up to 35 years in prison.

Tzvetkoff, 29, was arrested in 2010 in Vegas for allegedly processing an estimated $1 billion in illegal Internet poker transactions via his company, Intabill. Before making a deal with the prosecution, he was facing up to 75 years in prison. Once a big deal in Australia media, Tzvetkoff was estimated to be worth $82 million only a few years ago. He owned a $27 million house on the Gold Coast with a garage full of Ferraris and Lamborghinis.

Since agreeing to cooperate with officials, he has reportedly given more than 90,000 pertinent documents including confidential emails to prosecutors. As an informant, Tzvetkoff helped bring down the big three online poker sites last year, Full Tilt Poker, PokerStars, and Absolute Poker.

While Campos and Elie have excellent representation, it’s a shame that they and the nine other individuals indicted on April 15th, 2011 have to take the fall for the millions of people who were also associated with illegal online gambling in the US.

Written by Marcus · Filed Under Poker News 

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