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Mysterious Australian Tries to Sell of Millions of Ladbrokes Clients’ Personal Details

Dec 22, 2011

Ladbrokes Security Breach

Australian newspaper, “The Mail,” published the summary of an exchange that they had with a mysterious Australian, in which he offered to sell the personal details of 4.5M Ladbrokes betting customers this weekend. The police, Britain’s Information Commissioner’s Office, and The Mail are working together to resolve the matter.

The Herald Sun: Mystery Aussie in Ladbrokes breach

A mystery Aussie approached UK newspaper, The Mail, and offered to sell confidential information about millions of punters who’ve placed bets with bookmaker Ladbrokes. The newspaper was given 10,000 Ladbrokes customers’ personal information including addresses, account numbers, phone numbers, and gambling histories on Sunday after the man claimed to have cracked the bookmaker’s 4.5 million member database.

Ladbrokes is contacting its punters to assure safety on credit card details, passwords and other financial information. The police were also contacted and informed of the breach. The matter’s also under investigation by Britain’s data watchdog, the Information Commissioner’s Office (ICO).
The Australian, “Daniel,” offered to sell the database, claiming that he worked as a computer security consultant for Ladbrokes in Britain 2 years ago.

“We’ve been informed that a person connected to our organisation offered details from a customer database to the Mail on Sunday,” Ciaran O’Brien, head of PR at Ladbrokes stated. “This is a criminal act and we are working with the police, the ICO and the newspaper to identify and apprehend the culprit.”

Mail Online: For sale: Personal details of millions of Ladbrokes gamblers, offered to the MoS by a mysterious Australian

Millions of British gamblers’ confidential records were offered for sale to The Mail on Sunday. The huge data theft is at the center of an investigation after the paper was given personal information about 10,000 Ladbrokes customers and offered access to its 4.5 million member database.

Last night we alerted Ladbrokes of the breach and handed the customer files to the Information Commissioner’s Office (ICO), which immediately began to investigate. The records include home addresses, gambling histories, customer account numbers, dates of birth, phone numbers and email addresses.

Ladbrokes contacted the police and started to reassure customers that credit card details, passwords and other financial information is safe.

During protracted negotiations via email and in one phone call, the man who offered to sell the information gave his name only as ‘Daniel’ and claimed to represent an Australian company. The Mail received an email from ‘Daniel’ Sunday, saying that he was ending negotiations and warning against passing his details to the authorities.

The Mail was first approached by ‘Daniel’ earlier this month. He said he had been passed the data by a ‘relatively junior’ employee, who was trying to sell it on. ‘Daniel’ claimed that his initial intention was to tip Ladbrokes off about the breach, but he then decided it would be better to contact the media.

IT Wire: Ladbrokes secures personal data, wanna bet?

A data breach of 4.5M Ladbrokes customers’ personal and gambling details emerged over the weekend. Ladbrokes are adamant that customers are safe. An exposing summary of an exchange with ‘Daniel’ of Melbourne was publically displayed by the newspaper, “the Mail,” on Sunday.

Prior to going public, the paper passed all information to Britain’s data oversight group, the Information Commissioner’s Office (ICO) for a more formal investigation.

‘Daniel’ claimed to be from DSS Enterprises, an organization run by Dinitha Subasinghe. The newspaper did not indicate whether ‘Daniel’ spoke with an accent.

Initially, ‘Daniel’ told the newspaper that he was going to contact Ladbrokes but decided to contact the media directly with the information that he’d been passed the stolen data by a relatively junior employee of Ladbrokes who was trying to sell it on.

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Australian man laundered $500m in online gambling funds

Apr 19, 2010
Crook

Australian internet entrepreneur Daniel Tzvetkoff was arrested in Las Vegas on Friday, and is being held on charges of money laundering and gambling conspiracy. Tzvetkoff founded an online payment processing company called Intabill a few years ago, but prosecutors allege that he used shell companies to cover up the source of more than $500 million in online gambling funds. Tzvetkoff faces 75 years in prison if convicted.

News.com.au: Fallen online tycoon Daniel Tzvetkoff faces 75 years jail

Internet entrepreneur Daniel Tzvetkoff is facing 75 years in a US prison after being charged with laundering $584 million. The 27-year-old was placed under arrest in Las Vegas on Friday and has been detained facing a bail hearing.

Ipswich-born Tzvetkoff made a mark for himself in 2008 when he founded the online payment processor Intabill, which helped US gamblers fund their online accounts. Because of his involvement with the company, Tzvetkoff faces charges of money laundering, gambling conspiracy and bank fraud conspiracy.

The US Attorney’s Office alleges that Tzvetkoff helped illegal internet gambling companies to launder about $540 million into offshore accounts. Tzvetkoff’s company duped US banks (which have bans on internet credit card gambling) into believing the gambling transactions were just ordinary transactions.

According to the indictment, Tzvetkoff even created dummy companies British Virgin Islands, complete with fake websites and random names, which were used to hide the source of funds he was processing.

ABC News: Businessmen charged over illegal online gambling transactions

United States authorities are charging former Queensland businessman Daniel Tzvetkoff with four offences relating to illegal online gambling money transactions. The 27-year-old entrepreneur was arrested in Las Vegas on Friday.

An indictment has already been presented to the Federal court in Manhattan, which is charging Tzvetkoff money laundering offences.

The US Justice Department alleges Tzvetkoff processed around $500 million in online transactions between US gamblers and internet gaming websites. The company disguised the financial data so the transactions appeared to be unrelated to gambling.

Tzvetkoff’s Las Vegas-based lawyer Mace Yampolsky says he appeared in court on Friday already, and that this initial apperance will continue on Wednesday.

“Obviously, right now, he’s pleading not guilty. He’s innocent until proven guilty,” Tzvetkoff’s laywer saidsaid.

“At this time, I have not seen any of the government’s proof.”

Reuters: U.S. charges Australian with laundering $500 mln

United States prosecutors arrested an Australian man in Las Vegas on Friday, and are holding him on charges of money laundering, alleging that he helped move funds between gamblers and illegal online gambling websites.

Daniel Tzvetkoff, 27, is being accused in a New York court of processing gambling proceeds and covering up their source, making them appear legal to banks. The operation has been running since early 2008.

Tzvetkoff created dozens of shell companies for use in his scheme, whcih he once wrote was “perfect,” prosecutors say.

Tzvetkoff is being charged on four counts, including bank fraud, money laundering, and conspiracy to operate and finance an illegal gambling business. If convicted on all accounts, he faces up to 75 years in prison.

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Australian Analysts Anticipate Boom in the Online Gambling Industry

Apr 16, 2010
Gambling Babe

After trying to ban the online gambling industry from Australian’s, the government realized that it had made a mistake being that an estimated $790 million went out their window to offshore casinos. Knowing that’s there’s a high demand for the industry, the government is liable to break down restrictions and embrace it.

The Wall Street Journal: Analyst predicts online casino boom as governments seek taxes

The global financial crisis seems to be on its way out and could spark rapid growth in online gambling as governments remove bans and tax casinos. A report from KMPG predicts the global online betting market will grow by 42% to $32 billion by 2012.

The recent Productivity Commission draft report into online gaming urges deregulation of the industry, and repealing of restrictions on online betting as well as the removal of the ban on Australian companies operating cyber casinos.

Analysts guess that the long-term trend will be towards deregulation as prohibition clearly isn’t working. Australians have spent $790 million on offshore cyber casinos. The return of revenue to Australia and the potential for establishing an Australian-branded online casino would be a substantial boost for local players.

The Sydney Morning Herald: Online bets on track for legalisation

According to accounting firm KPMG, new laws allowing gaming companies to offer online gambling in Australia are ”inevitable,” as the federal government stands to benefit from the tax revenue of a rapidly growing industry.

According to the Productivity Commission, Australians spent $790 million on online gambling through overseas sites in 2008. The commission’s recent draft report on gambling concluded that, ”While illegal and invisible in official records, online gaming appears to have grown very rapidly, and could amount to 4 per cent of gambling expenditure.”

The commission recommended the government liberalize online gaming, allowing Australian companies to provide internet poker and casino games to local customers. Online wagering and sports betting is already permitted.

Many inside the Australian industry believe it is unlikely the government will move to liberalize online gambling during an election year. However, the idea does have the support of some anti-gambling figures who say legalizing the service would enable authorities to better control it and protect problem gamblers, who are already gambling online through overseas sites.

Australian Associated Press: Online gambling ‘to double by 2012’

A new report suggests that Australia stands to rake in the dollars if it relaxes online gambling restrictions. Australians are estimated to spend around $790 million playing poker and other casino games through offshore websites in 2008. Predictions indicate that the industry will double in size by 2012.

The estimate gives weight to calls for Australia to rethink its prohibition of online gambling, due to the fact that it’s obviously not effective. A wealth of revenue is there to be made if Australia can shape and expand the market, which is set to explode given technological advances in mobile phones and other devices.

Australia could harness the revenue spent at offshore sites by relaxed restrictions, a practice that other governments, including the United States, have been working towards. A federal Productivity Commission draft report has recommended the government consider regulated access to local gaming sites, rather than all-out prohibition.

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