USA Today article - Neteller

gonebroke2 · #1 02-02-2007, 12:49 AM

http://www.usatoday.com/tech/news/20...n_x.htm?csp=34

FBI Agent Neil Donovan says funds from Neteller are being held in court as potential evidence. Some customers may get their money back, but he did not provide a timetable.

donfairplay · #2 02-02-2007, 12:53 AM

Dammit. [img]/images/graemlins/frown.gif[/img]

heater · #3 02-02-2007, 12:57 AM

wow

justscott · #4 02-02-2007, 01:01 AM

Well that sucks, which way is Canada again?

brendanb438 · #5 02-02-2007, 01:04 AM

Has Neteller even been charged with something? I thought only the 2 founders who's only ties to Neteller now is owning stock were arrested/served something. The article is a joke, but so is the US Government. I am happy I got my money out of Neteller, all of it except for $1 stuck on my debit card.

-Brendan

flafishy · #6 02-02-2007, 01:06 AM

The company hasn't, but DoJ is apparently seizing it as evidence to use against the two arrested founders.

JoeOffsuit · #7 02-02-2007, 01:08 AM

According to the article, why are Neteller funds being held in a US court?

justscott · #8 02-02-2007, 01:10 AM

So i am not a finance major but where are netellers funds? And how did they seize them again?

KotOD · #9 02-02-2007, 01:12 AM

[ QUOTE ]
So i am not a finance major but where are netellers funds?

[/ QUOTE ]

In an account somewhere in Europe.

[ QUOTE ]
And how did they seize them again?

[/ QUOTE ]

If something was seized, it was the EFTs.

Messiahkid · #10 02-02-2007, 01:14 AM

[ QUOTE ]
So i am not a finance major but where are netellers funds? And how did they seize them again?

[/ QUOTE ]

most are probably illiquid right now and laddered in investments