Neteller Arrests

[Capitola]

[ QUOTE ]
So if they can't travel to the US, why not make some money?

[/ QUOTE ]
Because they are a publicly traded company, and because they promised their shareholders and everyone else that they would comply with US law.

I don't think they have much choice but to pull out now.

[Shack]

I don't feel good about this at all. It just seems as if the government has some plan to shut out all the major sites from the US market and then restart with new sites that are taxed and regulated. I hope this doesn't happen.

[MasterLJ]

[ QUOTE ]
I don't feel good about this at all. It just seems as if the government has some plan to shut out all the major sites from the US market and then restart with new sites that are taxed and regulated. I hope this doesn't happen.

[/ QUOTE ]

Minus the whole, "starting new sites" part.

[dazraf69]

[ QUOTE ]
I don't feel good about this at all. It just seems as if the government has some plan to shut out all the major sites from the US market and then restart with new sites that are taxed and regulated. I hope this doesn't happen.

[/ QUOTE ]

If this is the case it wont be for a while, the Oil companies are prime target right now. This could all be easily avoided if 75% of all the profit was handed over to the government. Then we could all live happily ever after!!!!!!!!!!! <font color="white"> Extreme Sarcasm </font>

[Leader]

[ QUOTE ]
[ QUOTE ]
So if they can't travel to the US, why not make some money?

[/ QUOTE ]
Because they are a publicly traded company, and because they promised their shareholders and everyone else that they would comply with US law.

[/ QUOTE ]

US law hasn't changed since yesterday.

[cking]

[ QUOTE ]
[ QUOTE ]
I don't feel good about this at all. It just seems as if the government has some plan to shut out all the major sites from the US market and then restart with new sites that are taxed and regulated. I hope this doesn't happen.

[/ QUOTE ]

If this is the case it wont be for a while, the Oil companies are prime target right now. This could all be easily avoided if 75% of all the profit was handed over to the government. Then we could all live happily ever after!!!!!!!!!!! <font color="white"> Extreme Sarcasm </font>

[/ QUOTE ]

I was so confused by what i thought was sheer stupidity when i just happened to highlight it and see the part in white. Yeah this [censored] is seriously getting old now.

[1-Lucky-SOB]

[ QUOTE ]
You are probably right based on past events. You would think that one of these so-called public companies will defend their business. If Neteller leaves the entire US market, then they can close their doors. Another private e-wallet will take their place soon.
Why not just leave the market segment that is violating the Wire Act by accepting bets over the telephone? But maybe these companies are not that smart. They have not been very smart so far; at least according to Ms. Shulman and Professor Rose .

[/ QUOTE ]

I would say Ms. Shulman and Professor Rose could probably be assumed to be biased toward the industry that pays them...maybe??


-1

[Capitola]

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US law hasn't changed since yesterday.

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As far as Neteller is concerned, I think it has.

[SwordFish]

From Neteller's statement:
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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.

[/ QUOTE ]

From the Complaint filed:
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Quote:
--------------------------------------------------------------------------------

Since in or about June 2006, the Federal Bureau of
Investigation ("FBI") has been conducting an investigation of
Neteller PLC, a company that is based in Isle of Man and is
publicly-traded in the United Kingdom. The investigation has
revealed that Neteller PLC conducts and facilitates illegal
financial transactions between gambling customers in the United
States and numerous offshore online gambling businesses.


--------------------------------------------------------------------------------




Quote:
--------------------------------------------------------------------------------

On or about August 12, 2006, a cooperating
witness (the “CW”), who at the time was located in Miami, Florida,
used a computer to open an account on Neteller.com (the “Neteller
Account”), and the CW electronically transferred $400 from a bank
account in Miami, Florida, into the Neteller Account. On or about
August 22, 2006, the CW, who at the time was located in Miami,
Florida, used a computer to open a wagering account with an online
gambling business based in Antigua (“Online Gambling Business #1),
by electronically transferring $400 from the Neteller Account to
Online Gambling Business #1. On or about August 24, 2006, the CW,
who at the time was located in Miami, Florida, used a computer to
access Online Gambling Business #1's website, and the CW then
wagered $250 on a National Football League (“NFL”) football game
and won approximately $200.

[/ QUOTE ]


How are they charging Lefebvre with a crime that occurred 8 months after he resigned from the company ?


SF

[mbillie1]

&lt;a href="http://www.theage.com.au/news/Technology/Neteller-Execs-Charged-in-Gambling-Case/2007/01/17/1168709786833.html"&gt;article&lt;/a&gt;

Looks pretty bad...