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Old 01-16-2007, 06:21 PM
PoorLawyer PoorLawyer is offline
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Join Date: Jul 2004
Location: Washington, DC
Posts: 2,270
Default Re: Neteller Founders arrested

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Why would my money not be safe in Neteller? Makes no sense...

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ROFLMAO

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Since its so funny, care to explain? I see a very very very small chance these two arrests would have any effect on my money sitting in Neteller. You obviously believe otherwise...

On a side note, there is absolutely no comparison with this and Enron.

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I really don't think people who brush this off by saying they are a public company are really thinking very clearly. Does being a public company mean your money is safe? Absolutely not. If the government seizes the funds, it could be quite a while before anyone sees any of it. I don't know what the Isle of Man bankruptcy procedures are, but if you have ever been involved in bankruptcy proceedings you know that most people get shafted and end up with cents on the dollar.

That being said, the major thing I would be concerned about is a good old fashioned run on the bank. You don't really think they have all of our money sitting there in a vault do you?
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