Neteller Arrests

[Victor]

[censored], i just cashed 9k into neteller today. gdammit. fuuuuuuuccckkkkkkkk

[Sniper]

[ QUOTE ]
I have confirmed this story to be true. I'm on the phone with Neteller right now, they are trying to get me a PR person or manager to discuss the history of John LeFevre, and when he left the company. As recent as November 2005 I found a press release with his name on it.

***UPDATE*** they are not permitted to release any information over the phone, however their corporate compliance department will disclose what they have to - [email protected] if anyone is interested.

TT [img]/images/graemlins/club.gif[/img]

[/ QUOTE ]

It would seem if this is true, they are going to have to put out a press release... this is tradable information, I would expect some kind of release before the market opens in the UK, or shortly thereafter..

[*TT*]

[ QUOTE ]
[ QUOTE ]
I have confirmed this story to be true. I'm on the phone with Neteller right now, they are trying to get me a PR person or manager to discuss the history of John LeFevre, and when he left the company. As recent as November 2005 I found a press release with his name on it.

***UPDATE*** they are not permitted to release any information over the phone, however their corporate compliance department will disclose what they have to - [email protected] if anyone is interested.

TT [img]/images/graemlins/club.gif[/img]

[/ QUOTE ]

It would seem if this is true, they are going to have to put out a press release... this is tradable information, I would expect some kind of release before the market opens in the UK, or shortly thereafter..

[/ QUOTE ]

The only thing they could confirm was that they were indeed arrested and they they are no longer employees. They were more concerned if I was a customer asking these questions than if I was a member of the press or an investor which struck me as odd.

TT [img]/images/graemlins/club.gif[/img]

[sublime]

RNS Number:5751P
NETeller PLC
16 January 2007

STATEMENT REGARDING FORMER DIRECTORS

NETELLER Plc, the leading independent online money transfer business, today
issued the following statement regarding the speculation surrounding two of its
former directors and founder shareholders, Mr Stephen Lawrence and Mr John
Lefebvre.

While travelling separately in the US, Mr Lawrence and Mr Lefebvre, both former
directors of the Company, were detained by US authorities on Monday, 15 January
2007.

Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any current
position with or connection to NETELLER.

The Group has not received any communication or correspondence from any US
authority regarding this or any related matter.

Pending clarification of the situation the Board has sought immediate temporary
suspension of NETELLER's shares.

Further information will be issued in due course.

Enquiries:
NETELLER
Andrew Gilchrist, VP - Communications + 44 (0) 1293 555 726

Citigate Dewe Rogerson + 44 (0) 207 638 9571
Sarah Gestetner/Sebastian Hoyle/George Cazenove

Further information

Mr Lawrence resigned as a non-executive director of the Company on 13 October
2006 having stepped down as non-executive chairman of the Company on 11 May
2006. Mr Lefebvre resigned as a non-executive director of the Company on 15
December 2005.


Mr Lawrence is the majority beneficial owner of Corvina International Ltd. which
holds a total of 7,085,541 ordinary shares representing approximately 5.91% of
the issued share capital of the Company. Mr Lefebvre is the beneficial owner of
Eagle Medallion Fortress Investment Corporation which holds a total of 6,638,094
ordinary shares representing approximately 5.54% of the issued share capital of
the Company.

Notes to Editors

The NETELLER Group
With over 3 million customers in 160 countries, 3,500 merchants, and over
$7 billion in annual transactions, the NETELLER Group operates the largest
independent online money transfer business in the world. The Group specializes
in providing innovative and instant payment services where money transfer is
difficult or risky due to identity, trust, currency exchange, or distance.
Being independent has allowed the Group to support thousands of retailers
and merchants in many geographies and across multiple industries.

The Group is quoted on the London Stock Exchange's AIM market, with a ticker
symbol of NLR. NETELLER UK Limited is authorised by the Financial Services
Authority (FSA) to operate as a regulated e-money issuer. For more information
about the Group visit www.netellergroup.com.



This information is provided by RNS
The company news service from the London Stock Exchange

[latefordinner]

On a scale from 1-10, how worried are you about funds in Neteller right now?

[Niediam]

[ QUOTE ]
On a scale from 1-10, how worried are you about funds in Neteller right now?

[/ QUOTE ]

To be honest I don't see any reason at all to be worried...

[Equal]

WTF is wrong with America?

[sublime]

[ QUOTE ]
On a scale from 1-10, how worried are you about funds in Neteller right now?

[/ QUOTE ]

[ QUOTE ]
Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any current
position with or connection to NETELLER.

[/ QUOTE ]

not very, less than 1. however that could change easily if neteller does something stupid and suspends client transactions. all it is right now is two guys being detained for god knows what (could be another venture) and a company doing its best to say they arent with us and protecting themselves from the market until they can prove just that.

[Reject]

Any speculation as to what they could be charged with? Lawrence resigned the same day the gambling act was signed (Oct 13). They can't be making the argument that owning stock is enough to violate it , can they ?

[evank15]

[ QUOTE ]
WTF is wrong with America?

[/ QUOTE ]

The American government and by extension the American people are complete retards.