more random neteller info

[eejit101]

2/2/2007
FBI doesn't comment on alleged seizure of Neteller funds
USA Today quoted FBI agent Neil Donovan saying "funds from Neteller are being held in court as potential evidence. Some customers may get their money back." "What's in there [USA Today article] is in there, but I really cannot comment further." Neil Donovan of the FBI Public Information Office told TheOnlinewire.com today.
Agent Donovan’s new statement partially defuses the H Bomb his quote on USA Today ignited among tens of thousands of Neteller U.S. members with money frozen in their e-wallets.
Meanwhile Neteller maintains that the company holds all members’ funds (all deposited, in-transit and un-cleared funds) by holding the value in independent trust accounts.
To Neteller’s credit the company would be required to immediately disclose seizure of funds to the Financial Services Authority in the U.K. No such disclosure was reported to date.
Attempts to contact Neteller’s spokespersons have gone unanswered.
Effective January 18 Neteller no longer provides service to US members to transfer funds. Neteller discontinued to process withdrawals on behalf of its U.S. member in the 2 weeks following January 18.
On February 1 Neteller stopped offering its Peer-to-Peer service to US members, the last remaining way for U.S. customers to transfer funds out of their e-wallets.
Neteller maintains that the company holds all members’ funds (all deposited, in-transit and un-cleared funds) by holding the value in independent trust accounts.
Neteller founders Stephen Lawrence, 46, and John Lefebvre, 55, were arrested on January 15. Manhattan federal prosecutors have charged them with conspiracy to transfer funds with the intent to promote illegal gambling.
The two men, who are both from Canada, founded Neteller in 1999. Lawrence resigned as a non-executive director in October after stepping down as non-executive chairman in May. Lefebvre resigned as a non-executive director in December 2005.
The pair, who are currently out on bail, are set to fight the charges laid against them when they appear in court on February 14.
TOW Special Reports – Originally Published February 2 2007 - 4.35pm EST – TheOnlinewire.com – All rights reserved