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TALK abounds that fallen youthful internet king Daniel Tzvetkoff may be back in business.
Readers may recall that Tzvetkoff's Intabill collapsed in a screaming heap several months ago although all staff did receive all their pay and entitlements thanks in part to Daniel's former business partner, lawyer Sam Sciacca.
Well, Sciacca is now suing Daniel for millions, along with a few giant online poker houses. Word around the internet companies is that Daniel has now established another processing company with a front man to run it. Stay tuned.
Tzvetkoff had been running one of the largest online gambling payment processors, Intabill, out of Australia.
A little bit about Tzvetkoff:
He drove a Lamborghini with the number plate "baller", owned a massive boat, chartered impressive jets, opened his own Fortitude Valley nightclub, Zuri, sponsored a V8 supercar racing team - and was busy amassing property and doing interesting side deals.
In between driving the Lambo he got around in a Ferrari 599, an Audi S6, a Range Rover and a Ford GT40. During regular trips to Las Vegas, where he is rumoured to have a house, he was again spotted in a Lambo.
Mr Tzvetkoff is young and good looking. He loves fine champagne and had a penchant for the very high life, although deep down he is a boy from Ipswich with Bulgarian parents.
In some IT sectors he was and still is described as a genius who created an enviable business through his main Australian company Intabill, based in Brisbane's inner-west suburb Milton, of which he owns a two-third's share and is managing director.
That company is owned by BT Projects Pty Ltd, whose three shareholders are listed as Tzvetkoff, local lawyer Sam Sciacca and an Alberta, Canada-based company called Rendel Investments.
In recent times Mr Tzvetkoff's business has come back to earth with a thud. A few weeks back Intabill sacked 96 staff from its Milton head office. At the time Mr Tzvetkoff blamed the global economic crisis and said he was refocusing his company. Barely a dozen staff remain at Milton.
His prized Lamborghini and other flash European cars have now gone. His Hedges Ave mansion is believed to be back on the market.
