Daniel Tzvetkoff was arrested earlier this month in Las Vegas on a number of charges stemming from his online gambling payment processing business. Tzvetkoff, who is from Australia, was arrested on April 16th for laundering $500 million in illegal online gambling transactions.

Facilitating the funding of online, offshore gambling accounts is illegal according to US law. Tzvetkoff, who is from Australia, made a small fortune by operating a company that facilitates online gambling account funding. His company worked with Full Tilt Poker. However, Full Tilt Poker among other online betting companies have accused Tzvetkoff of embezelling over $100 million dollars.


Tzvetkoff, is expected to request bail. Most believe his bail will be denied as the Court have reason to believe he is a flight risk. Tzvetkoff easily has the means to flee back to his native Australia if he so chose.