NetTeller arrests

[2Tone]

Whoa.



NETELLER BREAKING NEWS


Leading payment processor Neteller has sought the temporary suspension of its shares after it emerged that two former directors had been arrested in the US.

Stephen Lawrence and John Lefebvre were detained by the US authorities while travelling separately. It is believed at least one was arrested in Los Angeles.

In a statement, Neteller said neither Lawrence or Lefebvre had any current position within the company. It added: “The group has not received any communication or correspondence from any US authority regarding this or any related matter.”

Lebebvre left Neteller in December 2005 while Lawrence left in October last year, just after the passing of the Unlawful Internet Gambling Enforcement Act. Lebebvre and Lawrence each own approximately 5% of the company's capital.

It is not known whether they have been arrested by state or Federal authorities.

eGaming Review will update as soon as more is known.