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No More Jail Time For Daniel Tzvetkoff?

After spending four months in a Brooklyn prison in 2010, the man who brought about Black Friday, Daniel Tzvetkoff, could avoid further jail time, his lawyer Robert Goldstein told the Australian Associated Press.

The former Internet whiz kid, now 31 years of age, and founder of Intabill (one of the world’s largest online payment processing companies prior to Black Friday) has helped American prosecutors with over 90,000 documents that revealed illegal activities within the grey online poker market in the U.S.

Because of the information Tzvetkoff provided, the U.S. Department of Justice seized the .com Internet addresses of the three biggest online poker companies in the world – PokerStars, Full Tilt Poker and Cereus Poker Network – on April 15, 2011. As a result, PokerStars and FT stopped offering real-money play to their U.S. customers while the two poker sites Cereus was running – Absolute Poker and UltimateBet – were permanently shut down.

For a first-time offender who has never before experienced prison, four-plus months inside the Metropolitan Detention Center in Brooklyn constitutes a harsh and significant punishment. The reality is that even one day in those type of conditions can be exceedingly harsh punishment for a first-time offender like Mr. Tzvetkoff,” Goldstein explained.

Tzvetkoff’s parents supported him and sent a letter to the judge who is currently handling his case saying that their son has matured into “a responsible, capable, and motivated young man” and that the actions that led to his arrest were a direct result of the fact the he was “young at the time and therefore easily influenced by others.”

Now, the Internet whiz kid is in the witness protection program and has recently been employed in Australia as a chief technical officer for “a respectable organization,” Goldstein added.

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