Interesting Washington Post Article About NETELLER - Page 5

Wetdog · #41 02-05-2007, 03:11 PM

Bin Laden is still on the loose

BUT

They busted Willie Nelson for a couple of pounds of weed, and now they have arrested someone who passed on a sports bet for someone.

Glad we have our priorities straight.

fleece_me · #42 02-05-2007, 04:19 PM

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BTW, to anyone thinking 'but this means that anything beyond the initial deposit is forfeited': you're almost certainly wrong. Example: Ryan Daut quite legally goes to the PCA and wins 1.5 million, which is paid to his Pokerstars account. The money is then cashed out to Neteller. Is the DOJ able to confiscate any of it? Of course not, because it was all legal. Furthermore, the DOJ is not interested in confiscating money from US bettors (most of whom aren't committing a crime to begin with) nearly as much as stopping the offers of sports betting sites.

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Did this really happen?

adanthar · #43 02-05-2007, 04:24 PM

all of it except the cashing out to Neteller part did, yes. for all I know, the cashing out part did, too, I'm just making a point. but everyone who cashed at the PCA got paid into their Stars account, and none of them committed a crime by flying to the Bahamas to play a poker tournament. therefore, the DOJ cannot legally confiscate the money.

what they can do, of course, is allow Neteller to distribute it back to the players and then keep a close eye on '05-'07 tax returns for any disrepancies.

mojobluesman · #44 02-05-2007, 04:29 PM

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Much, much better than the USA Today article.

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Does anyone know which thread the USA today article was in? I can't find anything.

TonyDanza · #45 02-05-2007, 05:53 PM

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I had an ex-girlfriend who said she needed some space once, but I never got her back.

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QFT

Petomane · #46 02-05-2007, 06:45 PM

Don't we still have innocent until proven guilty in America? Neteller might still get acquitted. I'm no lawyer, but the case against them doesn't seem that strong. Like a poster said, they actually didn't place bets. It could be argued that the betting itself took place offshore, which it did. Then the Wire Act doesn't apply.

For those of you with money stuck in Neteller, I don't see what Neteller can do. If banks have decided that it's all illegal, I don't see how a Neteller check can help you - the banks will reject it. Maybe international money orders? But then they'll be accused of further wrong doing.

It was American banks that welcomed Neteller in the first place. They knew their business and allowed it to thrive. So why aren't American bankers being arrested? Without them we wouldn't have Neteller in the USA. If Neteller is guilty, so are the banks.

Skallagrim · #47 02-05-2007, 06:57 PM

IF the feds can prove that neteller KNOWINGLY sent funds from the US to a site where they knew it was gonna be used for sportsbetting, then (except for some weak jurisdiction arguments) Neteller is guilty of being an accomplice to facilitating WIRE ACT violations. The KNOWINGLY part is the key part of their likely defense.

JPFisher55 · #48 02-05-2007, 07:42 PM

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IF the feds can prove that neteller KNOWINGLY sent funds from the US to a site where they knew it was gonna be used for sportsbetting, then (except for some weak jurisdiction arguments) Neteller is guilty of being an accomplice to facilitating WIRE ACT violations. The KNOWINGLY part is the key part of their likely defense.

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Doesn't the DOJ have to prove that Neteller knew a particular client was going to transfer money to a sports betting site or do they just have to prove that Neteller knew that one of their clients would do so. Also, is this proof enough given that the bettor is not violating the Wire Act? I am not a criminal attorney. Corp and real estate, so I am curious.

N 82 50 24 · #49 02-05-2007, 08:53 PM

Has NETELLER itself even been charged/indicted/whatever? It seems very different to arrest a few stockholders/former employees than to actually accuse the company of wrongdoing. It would be odd to start seizing funds and whatnot before even accusing someone of something.

Tai23k · #50 02-05-2007, 08:53 PM

If thats the case then all the DOJ would have to do is get the records of their American clients. I'm sure if that is the case it is easily proven that Neteller knowingly violated whatever. I wonder if Neteller shut down accounts so they could purge all their records like in the movies. I would not put it past them to start cleaning up their past if they decide to cooperate in the case against the original founders. Their status as a legitimate company is at stake and they should continue to lie just to be consistent.