I know we can't spam other sites, but I can't post this information without acknowledging the originator. This was posted by the site head.
"As many of you know, the founders of Neteller were arrested early Monday morning. After gathering information from several credible sources today, including Citadel Commerce, the Poker Players Alliances, and other media contacts, we can safely say that the following facts about the events are TRUE:
1. Stephen Lawrence was arrested in the U.S. Virgin Islands. He resides on Paradise Island in The Bahamas, not property of the U.S. John Lefebvre was arrested in Malibu, California.
2. The charges, as stated, were money laundering to illegal gambling websites and RICO, which stands for Racketeer Influenced and Corrupt Organizations. The latter was language used to arrest many mob members throughout history. It also includes drug trafficking and other violations.
3. The investigation had been ongoing since at least June of 2006 and evidenced cited in the case goes back to the company's inception in 1999. The company started transactions with "gambling" sites in 2000.
4. The official citation states two instances where the FBI Agent in question wagered on NFL games. He used Neteller to deposit onto a sports wagering site, which was not named. This violates the Wire Act of 1961. The third violation does not list specific merchants, but an FBI Agent deposited onto three separate online, offshore merchants, described as "online gambling businesses."
5. The Board of Neteller has recommended and strongly urged that the company's shares, which are traded on the London Stock Exchanged, be suspended from trading. The value of these shares has plummeted recently.
6. Neither man has any current position within Neteller except for ownership rights. One left in December, 2005 and the other left in October, 2006.
7. I spoke directly with Neteller today and received the following wording: "From time to time, NETELLER revises the policies of our products and services. At the end of 2006, NETELLER began reviewing the instaCASH payment option, which resulted in the decision to retire this product from the US, effective January 16, 2007. As such, instaCASH is no longer available to US members. If you have any further questions, please visit http://updates.neteller.com."
8. Neteller is monitoring the U.S. situation closely, as can be expected. They stated "We have several deposit options available: 1. Online Check (EFT) - Money in your NETELLER account at no charge available in 4-5 business days. 2. Credit Card - Instantly fund your account for a fee of 3.9% 3. Bank Wire - Can be initiated from any bank worldwide. you must personally go into your local bank with the appropriate bank wire information to initiate a bank wire deposit to your NETELLER account."
9. Neteller assured me that all withdraw functions will remain as normal and continue without interruption.
10. The complete case against Lawrence can be found here:
http://www.casinocitytimes.com/news/...ntentID=163591
11. The complete case against Lefebvre can be found here:
http://www.casinocitytimes.com/news/...ntentID=163594
12. The only information that has officially been released from Neteller can be found here:
http://www.neteller-group.com/press/en/122.htm
13. An Associated Press article by Larry Neumeister stated, "Lefebvre and Lawrence also conceded in the company's offering documents that they were risking prosecution by the U.S. government, he said. Prosecutors said Neteller in 2005 alone processed more than $7.3 billion in financial transactions, 95 percent of which was derived from money transfers involving Internet gambling. Lawrence and Lefebvre were charged with conspiring to transfer funds with the intent to promote illegal gambling, and could face up to 20 years in prison if convicted."
We will be adding credible information to this post as that information comes in and is verified by the staff of PocketFives.com."
Verified NETELLER Facts (as posted on pocketfives.com)
Thanks!
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