27-year-old, Daniel Tzvetkoff, an Australian national has been arrested in Las Vegas.
Daniel is facing charges of aiding offshore online gambling companies with the processing of banking transaction for US players. The estimated worth of these illegal transactions is said to be more than $543 million.
The official charge Daniel is facing is illegal gambling conspiracy as well as bank fraud and money laundering conspiracy, and money laundering.
If convicted, he could be facing more than 75 years jail time and fines totalling more than $543 million.
Sources claim that Daniels whereabouts in the US where know due to tip offs authorities received from certain internet gaming companies who are claiming that Daniel had stolen up to $100 million of their customer deposits in the US.
In the indictment, David had been laundering money for some time now (from February 2008 to March 2009); his laundering days were numbered when internet gaming companies stopped their work relationship with him due to his apparent theft.
David’s company, Intabill, Inc., has used Automated Clearing House transactions to move cash around from player accounts to various offshore shell companies. He then proceeded to move these funds into gaming accounts. He would also use these companies to shuffle player winnings made at internet casinos back to the bank accounts of US players.
David’s arrest comes off the arrest of another man, Douglas Rennick, a Canadian resident, who in August 2009 was charged with transferring a staggering $350 million to bank accounts in the US from accounts in Cyprus.
