Australian informant brings down US gambling sites
An Australian internet gambling tycoon who became an FBI informant has helped bring down America's illegal online gambling sites. red bottom shoes Gold Coast man Daniel Tzvetkoff, 29, was arrested two years ago in Las Vegas. red bottom shoes He was facing a 75-year jail sentence for laundering $500 million through his company Interbill.
Soon after his arrest he struck a deal with prosecutors and became a star informant, blowing the whistle on several businessmen. Christian louboutin About a year after his arrest, authorities shut down the multi-billion dollar illegal online gambling industry in the US. Christian louboutin shoes The operation, which was known in the gambling community as Black Friday, led to the arrest of 11 major players and is attributed to Mr Tzvetkoff's information. Christian louboutin He is believed to have handed over 90,000 documents in relation to the scam.
Two of the men arrested were Las Vegas-based Chad Elie and bank executive John Campos, who were charged with money laundering and conspiracy. Christian louboutin shoes The scam involved setting up offshore companies to receive billions of dollars of payments from customers in the US. red bottom boots AUDIO: Stephanie Kennedy talks about the case (AM)
Mr Tzvetkoff was the owner of one of those companies, and it processed $1 billion worth of the illegal transactions. Christian Louboutin Boots He was to be a star witness in the prosecution's case against Elie and Campos. Red bottom boots The trial was due to start next month, but both men have now pleaded guilty and the trial will not go ahead. Red Bottoms The prosecution was asked what will happen to Mr Tzvetkoff now that the case is over.
They declined to comment.
Soon after his arrest he struck a deal with prosecutors and became a star informant, blowing the whistle on several businessmen. Christian louboutin About a year after his arrest, authorities shut down the multi-billion dollar illegal online gambling industry in the US. Christian louboutin shoes The operation, which was known in the gambling community as Black Friday, led to the arrest of 11 major players and is attributed to Mr Tzvetkoff's information. Christian louboutin He is believed to have handed over 90,000 documents in relation to the scam.
Two of the men arrested were Las Vegas-based Chad Elie and bank executive John Campos, who were charged with money laundering and conspiracy. Christian louboutin shoes The scam involved setting up offshore companies to receive billions of dollars of payments from customers in the US. red bottom boots AUDIO: Stephanie Kennedy talks about the case (AM)
Mr Tzvetkoff was the owner of one of those companies, and it processed $1 billion worth of the illegal transactions. Christian Louboutin Boots He was to be a star witness in the prosecution's case against Elie and Campos. Red bottom boots The trial was due to start next month, but both men have now pleaded guilty and the trial will not go ahead. Red Bottoms The prosecution was asked what will happen to Mr Tzvetkoff now that the case is over.
They declined to comment.