Re: Neteller Federal charges, news conf this afternoon per SDNY
My thoughts are that this is strickly related to NETeller allowing transfers for sportsbooks which are in clear violation of the wire act. The DOJ is picking off the low hanging fruit.
This is bad for the two founders, but I don't believe this will effect NETeller. NETeller has received no communication regarding this and are not named in any suit.
It may force NETellter to speed up their decision to stay or go from online gambling, but I don't think it will change their minds. They'll do whatever it is they were going to do, just probably a bit quicker now.
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