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Online Poker Payment Processor Released On Bail

Daniel Tzvetkoff, Arrested in New York Earlier This Year Over Online Poker Payment Processing, Has Been Released After Entering Plea

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Australian citizen and businessman Daniel Tzvetkoff, arrested earlier this year in Las Vegas on suspicion of involvement in allegedly illegal online payment processing within the poker industry, has been released on bail from a New York prison according to a report from the Courier-Mail.

The Australian newspaper which broke the story says the one-time multi-millionaire, who authorities believe processed $500 million in online poker payments, has entered a plea to a serious criminal charge.

He was released on August 23 and will be returned for trial in June 2011.

His fiancée in Australia has recently given birth to their child and the paper suggests Tzvetkoff could be co-operating with prosecutors.