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Old 02-03-2007, 11:20 PM
N 82 50 24 N 82 50 24 is offline
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Join Date: Mar 2005
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Default Interesting Washington Post Article About NETELLER

I didn't see this posted yet...

http://www.washingtonpost.com/wp-dyn...020201664.html

I won't repaste the whole article because someone will probably bitch at me about copyright [censored], but this is an interesting snippet.

Neteller, which had provided payment services to more than 80 percent of worldwide gaming merchants, watched its business swell after PayPal and parent company eBay agreed to leave the business and forfeit $10 million to settle civil charges three years ago over financial transfers to offshore and online gambling firms.

Now, however, with the arrest of two of its founders, the British Web site is scrambling to exit the U.S business. Neteller is besieged with requests from frustrated bettors who want to recoup billions in deposits and winnings. The money is being held in trust accounts while the company holds conversations with the Justice Department about the status of its executives and other board members.

"The answer is, it's a bit confused at the moment," Neteller spokesman George Cazenove said. "I'm sure they will get their money back. You've got to give Neteller a bit of space."
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