If anyone has made waves in the illegal gambling headlines it is Daniel Tzvetkoff. Tzvetkoff was arrested in April of this year due to his illegal internet gambling activities. He is accused of money laundering, financial institution fraud and a myriad of other gambling-related charges of conspiracy. The US Justice Department was investigating him for a few months before they closed in on his activities and alleges that he processed over a half-a-billion dollars in payments from online casinos to gambling firms. If he is convicted of the crimes listed, in the end he could face over seventy years in prison. The odd thing about the case is that so far Tzvetkoff has sat in prison waiting investigation since April. Now though, officials granted him bail arrangements. It was out of the blue to the press that he would be offered a way out and came up with a method of negotiating. Why though? Why was he allowed suddenly the opportunity to talk? It could be a simple answer.
It is no secret that officials are trying to break up large underground gambling rings. They know that the rings are often times intricate and have a lot of spider-vein like affiliations within them. It could be that they are more interested in finding the names of and uncovering the underground billion-dollar illegal crime rings than they are of convicting one man for illegal activities. If he can give up names, companies, contact information and other pertinent information, he could be more valuable to the government as an informant than he would be as a criminal locked away in prison. Most likely Tzvetkoff came up with some type of negotiating tactic and is offering up pertinent and secret information for a lighter sentence. The bail request for Tzvetkoff was ultimately denied—most likely because he is too big a flight risk, but expect him to continue to work with the government and come up with some inside details on how online gambling works and what illegal operations are out there in today’s market. This information could ultimately protect gamers as they log into casinos and bring a new regulation to the world of virtual gambling.