4.19.10 – According to a former employee, the disgraced Australian e-processing whiz Daniel Tzvetkoff was reported to the US authorities by some of the people to whom he owed money, leading to his arrest whilst attending a Las Vegas conference on internet billing.
The latest revelations – now being widely reported in the Aussie press – come from the Australian newspaper The Courier-Mail, which interviewed a former workmate who appeared to be well informed on developments in the case.
The Courier-Mail reported: "He (Tzvetkoff) travelled to Las Vegas last week for a 10-day internet billing conference where it is believed he came to the attention of several of the large US online internet players to whom he owed money and they reported him to the authorities."
The newspaper goes on to quote an unidentified former workmate of Tzvetkoff's, who said: "Daniel went to the US and got into the country no problems but I think him wandering around that conference sort of thumbing his nose at some of the people he owed large amounts of cash to caused them to get in touch with the FBI."
Unfortunately for Tzvetkoff, the authorities held a sealed warrant for his arrest against the day when he would enter the jurisdiction of US law enforcement. The 27-year-old entrepreneur was arrested Friday and is currently in detention pending trial on four serious charges, including money laundering, that allegedly arose from his activities as a processor of online gambling transactions with US players.
Tzvetkoff's Intabill company went to the wall last year allegedly owing large sums of money, costing workers their livlihoods and the flamboyant businessman his multi-million dollar home, luxury "Baller" number-plated car, leisure boat and a night club he owned.
The Courier-Mail reports that Tzvetkoff still faces a A$100 million lawsuit filed by his former business partner, lawyer Sam Sciacca, claiming he "diverted funds payable to the company to cover personal expenses".