Casinomeister News Casinomeister News

AUSSIE E-PROCESSING WHIZKID HAS A$ 50 MILLION IN DEBTS (Update)

Online Casino News

5 February 2010

And A$ 45 million of it is owed to online gambling firms

 

The spectacular fall from grace of a high-living, 25-year-old Aussie e-processing whiz was in the Australian media again this week as it was disclosed that Daniel Tzvetkoff (see previous InfoPowa reports) had declared bankruptcy in January 2010 with personal debts totaling over A$ 50 million.

The young businessman, once known for his Sydney mega-mansion and very expensive luxury cars, owes the funds to a handful of creditors including international Internet gambling giant, Kolyma Corporation, which has submitted its claim to Tzvetkoff's bankruptcy trustee.

Tzvetkoff's BT Projects - now in liquidation -- is owed A$2 million, while a company titled Yellow Wattle is owed A$4 million, although there are reports of documents that show Yellow Wattle is owed A$38.46 million by BT Projects.

Tzvetkoff, who made millions through his internet billing company Intabill Inc, a subsidiary of BT Projects, now works as a consultant, and still resides in the Sydney mansion, bought through his company Asiana Holdings Pty Ltd for $27 million.

The company subsequently moved into receivership and the property, along with the unfinished house, was sold at a A$10 million discount.

Last month, Tzvetkoff said that his decision to file for bankruptcy was due to the 'mounting pressures' of legal costs relating to Supreme Court actions linked with the Intabill debacle, in which Kolyma Corporation is suing BT Projects, Tzvetkoff and his alleged partner Mr. Sciacca for A$52 million.

Online Casino News Courtesy of Infopowa

More news here.

Rogue Announcement

Treacherous Rogues!

Fake KGC certificate.
Cyber-Bets.com.

Fake Curaçao license
Tobwin
Rogue section here...
Webmeister Wire!
Latest Webmaster and Affiliate newsletter is here...

* BetVictor Rogue Affiliate Program
* New Jersey Owns the Internet
* The Death of the SUB

All this and more!

Casinomeister's Webcast!

17 YEARS OF CASINOMEISTER!!! Bierfest and Meister Minions!!
AFFILIATES ADVISED TO CEASE PROMOTING UNREGULATED WEBSITES IN NEW JERSEY

Have 150 days to comply

Check it out here
More news here...