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Why would they be seized?
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Because the DOJ went after their 3rd party processors... 2 which the Neteller founders may have still been involved with were mentioned in the founder arrest press release and
and you can follow the discussion of ECHO in this thread
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Neteller is a foreign corporation, that's not under indictment. Some companies might refrain from cooperating with the Feds under those circumstances. At least to the extent of making sure they return their depositor's money.
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I think you have the wrong perspective on this. Their cooperation is likely aimed at stopping the gov't from further indictments. They do have shareholder interests to protect as well, as their customers. Read the ECHO press release, for an idea. At the moment, Neteller is continuing to do business outside the US.
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Neteller's chosen to bend over backwards. If the checks would be seized, it's only because they've chosen that route. Neteller's executives are doing what maximizes their own interests - and quite probably the intersts of the guys who got arrested. But the customers don't have a seat at the table, and our interests are not being represented - not by anyone.
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I actually disagree with this...
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Also, it doesn't really matter that the letter was poorly written - Neteller doesn't really care whether their customers are good writers, and (if they have any sense) they expect them to be angry.
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Being angry doesn't get your money back any faster... asking the right questions, may get more information released.
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Sniper, may I ask if you have money deposited or stock with the company?
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I do have an interest in seeing this resolved.
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Edit: I do like your questions, though.
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Here are the important questions...
1. Aside from the $55 Mil in funds seized in transfer, what is the total amount of US customer funds remaining to be disbursed?
2. Where are the US cutomer funds held?
3. Are these funds currently under Neteller control or frozen by court order?
4. Assuming agreement from DOJ and Navigant, what obstacles remain after the disbursement plan is released within 75 days, that may delay disbursement of funds?
5. After disbursement of US customer funds, are there issues with Neteller continuing to do business with the rest of the world, that non US customers should be aware of?
6. At what point will Neteller shares resume trading?
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Thanks!... I think those are the important questions... with unnecessary negative commentary removed. imo, it is better at this stage to be a fact finder than an irate customer.