Daniel Tzvetkoff managed to avoid additional jail time after being sentenced to time served and forfeiting $13 million on Wednesday by a U.S. federal judge. If you're wondering who Tzvetkoff is, he processed more than $1 billion in illegal online poker transactions in the U.S. At one point Tzvetkoff was looking at up to 75 years in prison after his arrest in Las Vegas in 2010 for his role in processing Internet gambling transactions from February of 2008 to March of 2009. The processing of the funds took place through his company IntaBill. He worked out a plea bargain with prosecutors and gave up evidence that incriminated PokerStars, Full Tilt Poker and Absolute Poker.
Tzvetkoff started the landslide that we know as Black Friday when his insider knowledge gave the government enough information to serve the subpoenas against the three major online poker sites on April 15th, 2011.
A New York prison was Tzvetkoff's home for four months — and part of his time served — before living under FBI protection, in hiding, after his 2010 arrest. He was the star informant in the case, hence the protected witness program. Now, according to his lawyer, Robert Goldstein, Tzvetkoff is employed in the role of a chief technical officer for a “respectable organization” in Australia.
"Daniel is a capable, highly skilled and intelligent young man, and he looks forward to a productive, happy and quiet life with his family," Goldstein said in an interview with Reuters on Wednesday.
Image courtesy of rakerace.com.