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Preliminary Hearing for NETELLER Founders Delayed

Hearing Postponed 30 Days

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The March 16, hearing of two former NETELLER Board members, Stephen Lawrence and John Lefebre, was postponed for 30 days, rescheduled by the judge hearing the case to April 16, according to an announcement by the Information Office of the United States Attorney, Southern District of New York.

According to Information Officer Rebekah Carmichael, this postponement would not have been possible without the agreement of both the prosecutor and the defendants.

Lawrence and Lefebre were arrested on January 15, and charged with conspiring to transfer funds with the intent to promote illegal gambling. Both men had resigned from the NETELLER Board of Directors by October 13, 2006, the date when the Unlawful Internet Gaming Enforcement Act became law. According to reports issued by NETELLER, about 95 percent of the company's money transfers involved Internet gambling companies. The charge is made that 85 percent of that business was North American, with three-quarters of that with U.S. customers.

All NETELLER money belonging to US customers is now frozen. Barred are payments by any mode from U.S. accounts. This means no transfers to the NETELLER debit card, peer to peer transfers, or purchases from merchants. NETELLER claims that the total number of frozen assets belonging to U.S. poker players and other U.S. gamblers are about $55 million. Money already in the NETELLER debit card, which is handled by a Louisiana bank, appears to still be accessible at this time.

 
 
 
 

Comments

mtcards
over 14 years ago

More bogus propoganda. Neteller claims the money which is frozen belongs to US players, it does not. It belongs to Neteller, regardless of what they intended to use it for. Our money can still be distributed through other means (cashiers check, money order, bank wire). They are choosing not to. Convenient since the money is probably earning 5% or higher interest

 
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ReelBusy
over 14 years ago

Neteller is punishing its US players for the actions of their government which is unfortunate for them if the market opens up again after new legislation gets passed.

 
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detroitjunkie
over 14 years ago

Actually, if I remember correctly, the USA is now in possession of the money, or its at least in a neutral bank, I forget.

 
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OldBookGuy
over 14 years ago

OK, A quick analysis and Re-Cap. ------------
1. First continuance coincided with the Super bowl. -------------
2. This one with March Madness. ------------
3. This one ENDS on Tax Day (April 16 this year) -------------
4. Most Important - Russ Fox of Clayton Financial and Tax of Irvine, CA when sometime back I posted concerning Documents & Neteller to the DoJ concerning the reporting of Poker Winnings on line your 21 of tax return, hummmmmmm. ----------- Any linkage here, April 16 and taxes? -------------- Thoughts pleas.

 
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SevenKidsPoppy
over 14 years ago

No linkage -- people can always get a four-month extension for their tax returns.

 
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