Neteller Founders arrested
 

Big story developing...

http://news.google.com/news?hl=en&ne...eller+arrested

*

Edit/MH: Edited on behalf of and at request of fleece_me.

Re: Neteller Founders arrested
 

this hasnt been confirmed by a reliable news source yet i dont think. however, i dont see why it would be deleted.

Re: Neteller Founders arrested
 

If this story is true, it says the investigation has been going on for years, which means it is not a result of the Frist Amendment.

Possbile they are tracking them down due to tax evasion, or something? Maybe they were using a Neteller ATM card to avoid paying taxes. LOL.

Re: Neteller Founders arrested
 

gambling911 is a good source.

Re: Neteller Founders arrested
 

[ QUOTE ]
If this story is true, it says the investigation has been going on for years, which means it is not a result of the Frist Amendment.

Possbile they are tracking them down due to tax evasion, or something? Maybe they were using a Neteller ATM card to avoid paying taxes. LOL.

[/ QUOTE ]

weird though as they are not US citizens nor operate out of the US....either way they dont work for neteller in an official capacity apparently so i dont think its huge news just yet.

US = teh suck

Re: Neteller Founders arrested
 

[ QUOTE ]
this hasnt been confirmed by a reliable news source yet i dont think. however, i dont see why it would be deleted.

[/ QUOTE ]

Other than the fact that the mods are morons you mean? This is a very big story if true.

Re: Neteller Founders arrested
 

I can't believe how retarded you are, either.

Your first post was "Any truth to the rumour of Neteller arrests?"

Period.

No link. No facts.

Who do you think you are that we should do the Google search for you?

Re: Neteller Founders arrested
 

I posted the info that someone reliable had told me then I went out in search for more info. When I came back, you had already done your part in crashing the site by power-deleting my post.

And who do you think you are that you can go randomly deleting a post about the biggest story of the year without first at least checking it out?

[ QUOTE ]
Nice work you power hungry idiots.

[/ QUOTE ]

Nevermind I think I already figured it out.

You are a mod sir, do your [censored] job and moderate. This means not randomly deleting stuff because you have a little bit of power or because you are an idiot or whatever.

The proper response would of been

"Where did you hear this"

"What facts do you have to substantiate this"

"If something concrete isn't presented to back up the allegations in this post it will be deleted".

In other words, think before you waste someone's time and do your job. Got it?


[ QUOTE ]
The detention of both men indicates a prolonged investigation dating back several years. It is not known why either were traveling in the United States at the same time transferring through two different airports. Nor is it known at this time if the two men are being detained for anything having to do with their involvement in NETeller.

LeFevre, a former hippie, started the hugely successful company with Steve Lawrence in 1999 but retired in 2002 in Costa Rica.

It has since been learned that Steve Lawrence served as Chairman of Neteller until October 13, 2005.

[/ QUOTE ]

http://www.gambling911.com/NETeller-...ed-011507.html

Re: Neteller Founders arrested
 

ban this n00b

Re: Neteller Founders arrested
 

Ban me? That seems like a bright idea. I thought people might want to know so they can be prudent and maybe send any funds they have to pokerstars and other sties for the time being.

What if tomorrow the arrests are announced, an indictment is unsealed and the entire company is under indictment like Betonsports?

What if the company and/or the banks they deal with use that as some sort of convoluted excuse to steal the money on deposit like Betonsports did?

You guys are so busy being [censored] idiots you can't come to terms with what could potentially be happening here. You'd rather ban and delete. Could be nothing, but I wouldn't want a bunch of money sitting in neteller come tomorrow morning. Would you?

Re: Neteller Founders arrested
 

[ QUOTE ]
Ban me? That seems like a bright idea. I thought people might want to know so they can be prudent and maybe send any funds they have to pokerstars and other sties for the time being.

What if tomorrow the arrests are announced, an indictment is unsealed and the entire company is under indictment like Betonsports?

What if the company and/or the banks they deal with use that as some sort of convoluted excuse to steal the money on deposit like Betonsports did?

You guys are so busy being [censored] idiots you can't come to terms with what could potentially be happening here. You'd rather ban and delete. Could be nothing, but I wouldn't want a bunch of money sitting in neteller come tomorrow morning. Would you?

[/ QUOTE ]

This post is hilarious.

Re: Neteller Founders arrested
 

I hope you are right ZBT and I turn out to be a moron. Do you want your money sitting in Neteller over the next few days?

Re: Neteller Founders arrested
 

I didn't have a ton on Neteller but I requested a check. Better safe than sorry is how I feel.

Re: Neteller Founders arrested
 

yes i do..now shut up and go away

Re: Neteller Founders arrested
 

[ QUOTE ]
I hope you are right ZBT and I turn out to be a moron. Do you want your money sitting in Neteller over the next few days?

[/ QUOTE ]

Either way. You got so wrapped up about one post you made on an internet board. We have people come on here nearly everyday with stupid gossip, stupid questions, wrong information, and other stupid things. The moderators of this forum are neither paid not appreciated in most cases and you spazz out because we didn't immediately check the non-existant(at the time) sources of your information. If everytime someone made a stupid post, with no source, about legislation related topics, the mod of that forum just let it sit there. This forum would suck. Really. Really. Badly.

Get a life bro. Seriously.

Re: Neteller Founders arrested
 

Why would my money not be safe in Neteller? Makes no sense...

Re: Neteller Founders arrested
 

ZBT this is a huge story if true. You don't think if the DOJ has Neteller under indictment it is cause for alarm? The fear is not that the DOJ can shut Neteller down, but what Neteller or it's banks might do if Neteller is under indictment.

It happened with Betonsports and it can happen here. The mod that deleted the post was wrong and acted way too quickly. Like it or not, Neteller going down affects a lot of people.

If you would like to place a wager on whether or not Neteller is still servicing the US market in a year please PM me and we can work out someone to hold the money. The only real question right now is whether or not all the American customers will be paid. If the company is under indictment, your chances of getting paid just went down.

Re: Neteller Founders arrested
 

Neteller is a publicly traded company. Shut up.

Re: Neteller Founders arrested
 

I am going to be honest with you guys. I think his message is a little too much "the sky is falling" but there is some truth to what he is saying. Why not be a little cautious?

Re: Neteller Founders arrested
 

[ QUOTE ]
ZBT this is a huge story if true. You don't think if the DOJ has Neteller under indictment it is cause for alarm? The fear is not that the DOJ can shut Neteller down, but what Neteller or it's banks might do if Neteller is under indictment.

It happened with Betonsports and it can happen here. The mod that deleted the post was wrong and acted way too quickly. Like it or not, Neteller going down affects a lot of people.

If you would like to place a wager on whether or not Neteller is still servicing the US market in a year please PM me and we can work out someone to hold the money. The only real question right now is whether or not all the American customers will be paid. If the company is under indictment, your chances of getting paid just went down.

[/ QUOTE ]

I don't think this story is that big at all. Did you actually read it? It has nothing to do with anything of recent times. Also, Neteller is a publicly traded company. Your money is perfectly safe.

Re: Neteller Founders arrested
 

Going to have to let this play out.

Worst case, it could change Neteller's stance on doing business in the US quickly. Being a well regulated publicly traded company, this would mean some sort of orderly transition to close accounts and refund money. You might have to search for alternate methods of funding.

Who knows what these guys have been doing since founding and leaving Neteller? It might be totally unrelated, or like I said originally, it might be these guys were not paying taxes. Neteller the company would go on, these guys go to jail, and maybe Neteller won't do business in the US after the regulating bodies make them cut checks to customers.

Re: Neteller Founders arrested
 

[ QUOTE ]
LeFevre, a former hippie

[/ QUOTE ]

He was a hippie, he got what he deserved. He probably didn't register as a former hippie at the local police department when he moved into a new neighborhood, which is a class 2 felony in all states.

But seriously, why do they even allow former hippies to live a free life today? Where is Frist when you need him the most? I hope all former hippies see what is happening to this guy and just turn themselves in while they still can!

Re: Neteller Founders arrested
 

Read the article.
These two have nothing to do with Neteller anymore.
They retired 4 years ago.

Re: Neteller Founders arrested
 

I have confirmed this story to be true. I'm on the phone with Neteller right now, they are trying to get me a PR person or manager to discuss the history of John LeFevre, and when he left the company. As recent as November 2005 I found a press release with his name on it.

***UPDATE*** they are not permitted to release any information over the phone, however their corporate compliance department will disclose what they have to - [email protected] if anyone is interested.

PS: I will cross post this in the legislation forum as well, I think this is important enough to get the word out.

TT [img]/images/graemlins/club.gif[/img]

Re: Neteller Founders arrested
 

dude, they already pointed out why your first post was deleted. And their reasoning makes complete sense. Like you say this is a "huuuuge" deal bla bla bla. So it makes a lot of sense to delete your post until something is validated and not after.

Re: Neteller Founders arrested
 

Updated info on 911. This is pretty fluid....read erroneous. Latest is they were at their homes in the U.S. vs. at airports.

web page

Re: Neteller Founders arrested
 

[ QUOTE ]
Read the article.
These two have nothing to do with Neteller anymore.
They retired 4 years ago.

[/ QUOTE ]

the article was wrong. They were employees as of 2005, and when I asked if they are on the board of directors they could not comment.

TT [img]/images/graemlins/club.gif[/img]

Re: Neteller Founders arrested
 

[ QUOTE ]
Neteller is a publicly traded company. Shut up.

[/ QUOTE ]

And so was Enron

Re: Neteller Founders arrested
 

Yea, good reference to a totally unrelated issue.

Anyways, it appears that this arrest does not have anything to do with the legislation, and that it's probably more related towards tax evasion (why do you think they're canadian?)

Re: Neteller Founders arrested
 

So actually arrested, or actually formerly connected to the company?

Re: Neteller Founders arrested
 

[ QUOTE ]
[ QUOTE ]
Neteller is a publicly traded company. Shut up.

[/ QUOTE ]

And so was Enron

[/ QUOTE ]

So if you were a Neteller stockholder, you might be worried.
Enron paid it's customers, it was the shareholders and investors that got hurt.

Re: Neteller Founders arrested
 

Tax evasion? You guys are great.

I am not too sure what being a public company has to do with anything. Please look up Betonsports. They were the largest sportsbook in the world. They were traded on the same stock exchange as Neteller.

They stiffed everyone

Good luck to all and this is all going to come down to how much integrity the management at Neteller and their banks have. If they want to steal all our money, they can and they will.

This is a perfect opportunity to do so and blame it on the United States. They are probably facing 50-100 years in jail on money laundering charges and aiding and abetting the Wire Act.

Re: Neteller Founders arrested
 

[ QUOTE ]

Anyways, it appears that this arrest does not have anything to do with the legislation, and that it's probably more related towards tax evasion (why do you think they're canadian?)

[/ QUOTE ]

I'm sure tax evasion arrests often involve coordinated two-coast actions on government holidays.

This is significant. Even if the charges end up being BS or unrelated, the arrests were clearly contrived to put the wind up processors and their shareholders. I think we're about to see another wave of voluntary compliance.

Re: Neteller Founders arrested
 

[ QUOTE ]
Why would my money not be safe in Neteller? Makes no sense...

[/ QUOTE ]
ROFLMAO

Re: Neteller Founders arrested
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Neteller is a publicly traded company. Shut up.

[/ QUOTE ]

And so was Enron

[/ QUOTE ]

So if you were a Neteller stockholder, you might be worried.
Enron paid it's customers, it was the shareholders and investors that got hurt.

[/ QUOTE ]

Customers were paid pennies on the dollar and it took quite a bit of time for that to happen too.

Re: Neteller Founders arrested
 

[ QUOTE ]


They stiffed everyone

Good luck to all and this is all going to come down to how much integrity the management at Neteller and their banks have. If they want to steal all our money, they can and they will.

This is a perfect opportunity to do so and blame it on the United States. They are probably facing 50-100 years in jail on money laundering charges and aiding and abetting the Wire Act.

[/ QUOTE ]

We don't have all the details of what exactly is goin down and until we do you should hold off on all your mass hysteria bs

Re: Neteller Founders arrested
 

[ QUOTE ]
the arrests were clearly contrived to put the wind up processors and their shareholders.

[/ QUOTE ]

This is about money. These guys have a lot of it and the DOJ wants it. And they will get it.

Re: Neteller Founders arrested
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Neteller is a publicly traded company. Shut up.

[/ QUOTE ]

And so was Enron

[/ QUOTE ]

So if you were a Neteller stockholder, you might be worried.
Enron paid it's customers, it was the shareholders and investors that got hurt.

[/ QUOTE ]

Customers were paid pennies on the dollar and it took quite a bit of time for that to happen too.

[/ QUOTE ]

This is all way too simplified. A bankruptcy in such a consortium and the internal interdepencies makes the effect different for creditors to different parts. As an example, an Enron subsidiary operating in Northern Europe never went bankrupt and nobody lost a dime, the bankruptcy made them owned by a bankrupt company and such became an asset which could be sold to pay creditors, but the creditors could not directly withdraw funds from the subsidiary if the balance did not permit it (thus creditors in this subsidiary were practically 100% certain to get fully paid). A different subsidiary could i.e. owe the mother company a lot of money and thus bankrupt as a result of that and make the pro rata payments low.

Re: Neteller Founders arrested
 

[ QUOTE ]
[ QUOTE ]
the arrests were clearly contrived to put the wind up processors and their shareholders.

[/ QUOTE ]

This is about money. These guys have a lot of it and the DOJ wants it. And they will get it.

[/ QUOTE ]

Does your attitude about this issue and your SN have any correlation?

Re: Neteller Founders arrested
 

Everybody - I've determined that this is the end of the world.

Fleece - You are greatloy understating the importance of this situation. How you can be so calm at a time like this is beyond me. If you expressed a little more panic or urgency in your tone you might catch people's attention better.