The once multi millionaire & internet gaming payment processing mogul, Daniel Tzvetkoff, was granted bail by District Court Judge Peggy A Leen in Las Vegas last week. However, a US Federal judge has since rescinded the bail and has ordered Tzvetkoff to remain behind bars.

Judge Leen's decision infuriated US government prosecutors who believe the Australian defendant may have stashed more than $100 million somewhere and might flee if released from jail.


On April 28th, another hearing was held in the New York District Court, where the trial will be conducted. This time, Judge Lewis A Kaplan sided with US Federal prosecutors and reversed the decision to grant bail to Mr. Tzvetkoff. The judge said Mr. Tzvetkoff is "a serious risk" of fleeing if granted bail due to his rumored stash of millions and foreign citizenship.


Tzvetkoff has been locked up in the North Las Vegas Detention Centre since his arrest at a casino in the city on April 16 despite Judge Leen's bail decision last week.


Unfortunately for Tzvetkoff his money laundering and bank fraud trial could take up to two years. Even if he is innocent, the federal judge's reversal of bail means the defendant could spend those two years locked up. With Judge Kaplan's ruling, Tzvetkoff faces a tough road.
If found guilty, Tzvetkoff faces up to 75 years in jail.


Tzvetkoff was hoping to post Las Vegas bail and drive to New York with his father for the upcoing trial. While in New York he was planning to live with his pregant fiancee. Now he will be moved from Las Vegas to NY by US Marshalls and spend the trial in a prison cell.