Interesting Washington Post Article About NETELLER

[MLSchaff]

Actually appears to be a smart move by Neteller, since the money they are holding from US accounts is a huge source of leverage against the DOJ. Sounds like this could be heading towards a settlement something along the lines of Neteller pays out all U.S. accounts and agrees not to conduct any further gaming business with U.S. in exchange for DOJ agreeing not to prosecute any other Neteller execs. Could be a while, though.

[AverageJoe]

http://forumserver.twoplustwo.com/showfl...e=1#Post9035435

[AverageJoe]

[ QUOTE ]
Actually appears to be a smart move by Neteller, since the money they are holding from US accounts is a huge source of leverage against the DOJ. Sounds like this could be heading towards a settlement something along the lines of Neteller pays out all U.S. accounts and agrees not to conduct any further gaming business with U.S. in exchange for DOJ agreeing not to prosecute any other Neteller execs. Could be a while, though.

[/ QUOTE ]

I am sure trying to blackmail DOJ in the end will work beautifully for the CURRENT execs.

[Homer]

[ QUOTE ]
[ QUOTE ]
Actually appears to be a smart move by Neteller, since the money they are holding from US accounts is a huge source of leverage against the DOJ. Sounds like this could be heading towards a settlement something along the lines of Neteller pays out all U.S. accounts and agrees not to conduct any further gaming business with U.S. in exchange for DOJ agreeing not to prosecute any other Neteller execs. Could be a while, though.

[/ QUOTE ]

I am sure trying to blackmail DOJ in the end will work beautifully for the CURRENT execs.

[/ QUOTE ]

It's not blackmail, it's a bargaining chip.

[AverageJoe]

[ QUOTE ]


It's not blackmail, it's a bargaining chip.

[/ QUOTE ]

Except that the bargaining chip (our money) is stolen. It does not belong to them; they just transfer it for us. They have illegally taken possession of it. It is theft.

If you give me your car for a day and I do not return it as agreed but continue using it – I have stolen your car.

If I tell your big brother I will return you your car as soon as your big brother does me a favor, I am blackmailing you both.

They are digging their own grave with this “bargaining.”

[Mendacious]

[ QUOTE ]
Except that the bargaining chip (our money) is stolen. It does not belong to them; they just transfer it for us. They have illegally taken possession of it. It is theft.

If you give me your car for a day and I do not return it as agreed but continue using it – I have stolen your car.

If I tell your big brother I will return you your car as soon as your big brother does me a favor, I am blackmailing you both.

They are digging their own grave with this “bargaining.”



[/ QUOTE ]

WRONG!
The bargaining chip is forcing the DOJ to take the legally inconsistant position that Neteller is required to transfer funds which the DOJ says Neteller conspired to break the law by transferring in and out of prohibited gambling sites.

This is what I would be advising Neteller to do. Make the DOJ either be the heavy here with millions of Americans'smoney and (Billions of Dollars?), make the DOJ take a legally inconsistant position that may cripple their prosecutions, or get them to grant immunity for Neteller if they will return the money and agree not to conduct this business in the US again.

[AverageJoe]

[ QUOTE ]


WRONG!
The bargaining chip is forcing the DOJ to take the legally inconsistant position that Neteller is required to transfer funds which the DOJ says Neteller conspired to break the law by transferring in and out of prohibited gambling sites.

This is what I would be advising Neteller to do. Make the DOJ either be the heavy here with millions of Americans'smoney and (Billions of Dollars?), make the DOJ take a legally inconsistant position that may cripple their prosecutions, or get them to grant immunity for Neteller if they will return the money and agree not to conduct this business in the US again.

[/ QUOTE ]

DOJ will never request “transfer from poker site to player,” but might find a way to charge NT with taking illegal possession of the players’ money, and lying about being unable to pay. By the way, even if their untrue statements are not directed at the Feds, but the Feds read them in the course of their investigation, they are lying to the Feds, which is a separate crime, because they should know that the Feds might read them.

From the DOJ point of view facilitating Internet gambling is a crime. Your “they agree not enter the US market again” means “If you ignore our past crime we promise not to commit that crime in the future.” Things just do not work that way.

[adanthar]

[ QUOTE ]
From the DOJ point of view facilitating Internet gambling is a crime. Your “they agree not enter the US market again” means “If you ignore our past crime we promise not to commit that crime in the future.” Things just do not work that way.

[/ QUOTE ]

They do all the time. Think Pinnacle as a recent example.

[momo_the_kid]

At least this article shows that our money is still there, which is good news considering all the panic about Neteller doesnt have the money. right now, the only question is when we can get it.

[alThor]

[ QUOTE ]
[ QUOTE ]
They are digging their own grave with this “bargaining.”


[/ QUOTE ]

WRONG!
The bargaining chip is forcing the DOJ to take the legally inconsistant position that Neteller is required to transfer funds which the DOJ says Neteller conspired to break the law by transferring in and out of prohibited gambling sites.


[/ QUOTE ]

That's not a bad theory. Neteller saying tongue in cheek "I guess we better not transfer the rest of this money, otherwise we will violate the law another X million times." Or at least getting "permission" first.