Online Casino Transfer: News - Tzvetkoff Enters Not Guilty Plea

05/31/2010		Online Casino Style: News Tzvetkoff Enters Not Guilty Plea
Home History Games News Dictionary		The US case against Australian online gambling prodigy Daniel Tzvetkoff saw some action this week as the case made it into the court room. Tzvetkoff and his defense team filed an official plea, claiming that the entrepreneur is not guilty of the charges against him, including bank fraud conspiracy, money laundering, gambling conspiracy, and money laundering conspiracy. Their defense strategy, however, is what is catching the case some added attention from the internet gambling community as his legal team purport that the game of poker is not gambling. Why Tzvetkoff decided to take his chances by showing up in Las Vegas in the first place is still a mystery to be solved, but having shown his mug in a number of casinos while warrants for his arrest were in place nationwide resulted in his arrest in April. The 27-year old was spotted, reported, arrested and continues to be in police custody as the presiding judge denied bail. The case will be heard in the federal arena, the case to be played out in the New York Southern District Court in Manhattan. Tzvetkoff made his fortune as the founder and owner of the Australian online gambling processing company Intabill, which went embarrassingly bankrupt following Tzvetkoff’s involvement in a slew of illegal transactions across US borders. The illegal transactions came to a grand total more than $500 million before he went underground. The defense is interesting for its potential effect on the US legal standing for poker. While a few local courts have indeed determined that the game of poker is a game of skill, not chance, and therefore not technically considered gambling, few in the industry are perceiving the defense as a particularly strong one. The case is expected to begin in earnest in June of 2011. For now, Tzvetkoff will have to bide his time in his Brooklyn cell.

05/31/2010

Online Casino Style: News
Tzvetkoff Enters Not Guilty Plea

The US case against Australian online gambling prodigy Daniel Tzvetkoff saw some action this week as the case made it into the court room. Tzvetkoff and his defense team filed an official plea, claiming that the entrepreneur is not guilty of the charges against him, including bank fraud conspiracy, money laundering, gambling conspiracy, and money laundering conspiracy. Their defense strategy, however, is what is catching the case some added attention from the internet gambling community as his legal team purport that the game of poker is not gambling.

Why Tzvetkoff decided to take his chances by showing up in Las Vegas in the first place is still a mystery to be solved, but having shown his mug in a number of casinos while warrants for his arrest were in place nationwide resulted in his arrest in April. The 27-year old was spotted, reported, arrested and continues to be in police custody as the presiding judge denied bail. The case will be heard in the federal arena, the case to be played out in the New York Southern District Court in Manhattan.

Tzvetkoff made his fortune as the founder and owner of the Australian online gambling processing company Intabill, which went embarrassingly bankrupt following Tzvetkoff’s involvement in a slew of illegal transactions across US borders. The illegal transactions came to a grand total more than $500 million before he went underground.

The defense is interesting for its potential effect on the US legal standing for poker. While a few local courts have indeed determined that the game of poker is a game of skill, not chance, and therefore not technically considered gambling, few in the industry are perceiving the defense as a particularly strong one. The case is expected to begin in earnest in June of 2011. For now, Tzvetkoff will have to bide his time in his Brooklyn cell.