Our readers may remember a story we were following here at Casino Scam Report last year about an online gambling processor named Daniel Tzvetkoff who was arrested and faced up to 75 years in prison for the money laundering, fraud and operating an illegal gambling processor. This may be an important piece of information to remember while we watch the latest case against three of online poker’s biggest sites develop. Friday April 15th, now known as “black Friday” to the online poker community saw three of the top online poker sites seized by the US Federal government and the arrest of three of their founding members. PokerStars, Full Tilt and Absolute Poker/ Ultimate Bet have all been seized by the Feds and more arrests are imminent.
What does all this have to do with the Daniel Tzvetkoff case? Let’s discuss that, after his arrest if became clear that he was making deals with the Feds to save himself from a life in prison. It is alleged, but never proven because his case never went to court, that Mr. Tzvetkoff masterminded the invention of the illegal system used to process billions of dollars in online gambling transactions for US players and internet gambling sites. Having this information made him useful to the Feds and a deal allegedly was made for no jail time in return for information on how online gambling sites manipulated the banking industry with secret schemes and fake companies to trick banks into processing these illegal transactions. Once Tzvetkoff gave up all the information that the Feds needed, he was then set free to live his life freely while others in the industry bare the brunt of the Federal Governments ire.
Now internet giants that include names like, Isai Scheinberg and Paul Tate of Pokerstars, Nelson Burtnick and Raymond Bitar of Full Tilt poker and Brent Beckley and Scott Tom of Absolute Poker are now all facing up to 30 years in prison for their part in this elaborate scheme that Tzvetkoff mastermind and rolled over to the Feds last year. Its alleged that up to 14 more arrests are coming, but have not happened as of today because the named defendants are out of the country and the Federal government is try to reach an agreement with numerous other countries to serve warrants. This story will become more intriguing and far reaching as the days go by and we will be sure to bring the latest updates to our readers as it warrants.By Patricia C. Senior Editor casinoplayersreport.com