Neteller Update...

[Sniper]

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My initial (admittedly uninformed) reaction is that this is that maybe they realize that they might lose this battle in court. If this case was a slam dunk, it seems like it would be easy to decide WHETHER TO INDICT them. Also, it says $55M is frozen, affecting thousands of customers. This implies they have only frozen the money that was stuck in transit on those couple days and don't have plans for the other money still in Neteller accounts. Or am I missing something?

Jeff

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I completely agree with you. The delay may be to maximize the damage of the arrests of the Neteller founders without having to test the legal basis of the complaint in court.
It could be that negotiations over a plea deal are occurring, but why would such negotations delay the indictment?

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I believe the delay may have more to do with Neteller's decision to cooperate and the effect this may have on modifying the charges against the founders. Either to include additional charges based on specifics discovered in their forensic examination, or to reduce charges based on the cooperation.