THE downward spiral of young entrepreneur Daniel Tzvetkoff continues after his company DSB Cruises went into receivership.
Receivers Ian Hall and Guy Edwards from PricewaterhouseCoopers (PWC) were appointed on June 9 to find an agent for DSB’s super yacht.
“The role of the receivers and managers is to take possession and secure a 98ft Horizon Superyacht with the intention of appointing an agent in due course to market and sell the vessel,” says a PWC spokesperson.
This comes in the midst of a $US43 million court case with Aruban-based Kolyma Corporation, which is suing Tzvetkoff’s e-billing company Intabill over unpaid debts to the major client.
It is alleged the Brisbane-based company’s interest owed to Kolyma – which operates Full Tilt Poker – has been racking up at an increasing rate of more than US$13.5 million a day.
Tzvetkoff recently retrenched more than half of the staff employed at Intabill.
Get our daily business news
Sign up to our free email news updates.
Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support