FBI Arrests Former NETELLER Executives

Zacobius · #1 (**permalink**) 01-16-2007, 01:45 PM

http://cardplayer.com/poker_news/article/8111

Quote:

Stephen Lawrence and John Lefebvre Detained while Traveling Separately
Two former NETELLER executives were detained while traveling separately through the United States yesterday (Jan. 15) in “connection with the creation and operation of an Internet payment services company that facilitated the transfer of billions of dollars of illegal gambling proceeds from United States citizens to the owners of various Internet gambling companies located overseas,” according to the U.S. Attorney General’s office of Southern New York.

NETELLER suspended trading its shares on the London Stock Exchange in light of the detention of founding members Stephen Lawrence and John Lefebvre. Besides owning stock in NETELLER, the two do not hold any positions with the company.

NETELLER is an “e-Wallet” service that allows people to transfer money directly from their bank accounts to other parties. It’s the main service many online poker players and gamblers use to transfer money in and out of their preferred sites.

Here’s the complete release from the U.S. Attorney’s office:

“U.S. Charges Two Founders of Payment Services Company with Laundering Billions of Dollars of Internet Gambling Proceeds
Michael J. Garcia, the United States Attorney for the Southern District of New York, and Mark J. Mershon, the Assistant Director in charge of the New York office of the Federal Bureau of Investigation, announced today that Stephen Eric Lawrence and John David Lefebvre were arrested yesterday in connection with the creation and operation of an Internet payment services company that facilitated the transfer of billions of dollars of illegal gambling proceeds from United States citizens to the owners of various Internet gambling companies located overseas.”

NETELLER says it hasn’t received any kind of correspondence from the U.S. government concerning this situation, and although the subject line of this email (sent by a media representative of the AG’s office) says they were charged with money laundering, CardPlayer.com is working on confirming the exact charges.

Lawrence and Lefebvre each own close to 6 percent of the company’s shares. Lawrence resigned as a non-executive director of the company in October; Lefebvre resigned from the same position in December of 2005.

Although Lefebvre and Lawrence do not and never have owned an online gambling site, they join a small club of men who have been arrested and charged by the Federal Government for violating various laws concerning online gambling, particularly money laundering.

Executives with online gambling companies Sportingbet and BetOnSports were arrested and charged with taking bets over the Internet (among other charges) in 2006, but this is the first time people affiliated with an “e-Wallet” have been targeted.

In October, President George W. Bush signed into law the Unlawful Internet Gambling Enforcement Act, which is designed to curb online gambling by targeting banks that cooperate with online sites. The Treasury Department is still working out the details on how to enforce this law, and has until summer to do so.

NETELLER is based in the Isle of Man, and neither Lawrence nor Lefebvre is a U.S. citizen.

Mr.McJ · #2 (**permalink**) 01-16-2007, 01:57 PM

Faaaaack. Any idea what this means for us?

obga · #3 (**permalink**) 01-16-2007, 02:04 PM

it means keep seeing flops

SeanyBullets1 · #4 (**permalink**) 01-16-2007, 02:30 PM

Just a precaution, I withdrew what I had in Neteller into my bank account...but I figure I'll just eCheck a withdrawal if I need one out of Stars or anything from here on out.

wastrel · #5 (**permalink**) 01-16-2007, 02:33 PM

http://www.casinogamblingweb.com/gam...ion_28262.html

It's you damn sports bettors

Seems like that's what they considered 'illegal' was sports betting and not poker. Course, why the US feels it can arrest non-citizens whom are no longer associated with the operations of the company is beyond me.

dopemope223 · #6 (**permalink**) 01-16-2007, 09:40 PM

this is so bullshit.. FUCK YOU AMERICA.. your priorities are so fucked i bet the president fucking plays poker online 23 hours of the day cause what the fuck else is he doing.. He ain't winning any fucking wars... I hope this only has ill effects towards americans with regards to depositing money

redfoster · #7 (**permalink**) 01-16-2007, 10:30 PM

dubya would be a total fish

i bet obama is fucking awesome at omaha. i dunno why, just seems like he would be.

dubya seems like more of a razz player to me. he always raises with the shittiest hand.