The Rise and Fall of Daniel Tzvetkoff
Greg Tingle of Gambling911.com breaks down online gambling payment processor Daniel Tzvetkoff's meteoric rise and fall as outlined by the Australian. Tzvetkoff was arrested in Las Vegas this past week while attending a payment processing conference.
Online gambling websites allege the Intabill founder scammed them out of millions of dollars after he shut his firm down without notice.
AUGUST 2001: BT Projects founded
FEBRUARY 2007: Online payment company Intabill registered
MARCH 2008: Tzvetkoff buys Hedges Avenue mansion for $28 million. Has additional property portfolio of more than $21 million
AUGUST 2008: Features on Sunday Mail Rich List worth $82 million
MARCH 2009: Buys V8 supercar team, Inta Racing
APRIL 2009: Sacks 96 staff at his Intabill office
JULY 2009: BT Projects placed in liquidation with debts of $80 million
JULY 2009: Business partner Sam Sciacca sues Tzvetkoff for $100 million
JULY 2009: Online poker house Kolyma sues for $52 million
JULY 2009: Sells partnership in Zuri nightclub
AUGUST 2009: Sells 30m superyacht Maximus
NOVEMBER 2009: Hedges Ave mansion sold for $17 million
JANUARY 2010: Files for bankruptcy
APRIL 2010: Charged by US authorities with money laundering. Faces 75 years in jail
