NETeller Founders Arrested in US
The two founders of online gambling payment solutions NETeller were arrested in Los Angeles and New York, respectively, today, according to reports surfacing Monday afternoon xxxxx.com has learned.
John LeFevre and Steve Lawrence, both of Canada, were taken into custody early Monday morning while in the United States. Charges have not been filed yet.
Neither men have been involved with NETeller for a few years now, though it is not known if they are still receiving an "income" from the company.
NETeller is a publicly traded company based out of Gibraltar and is the largest online gambling money processor.
The detention of both men indicates a prolonged investigation dating back several years. It is not known why either were traveling in the United States at the same time transferring through two different airports. Nor is it known at this time if the two men are being detained for anything having to do with their involvement in NETeller.
LeFevre, a former hippie, started the hugely successful company with Steve Lawrence in 1999 but retired in 2002 in Costa Rica. Less is known of Lawrence.
It is not known how this latest event will impact NETeller or its stock once it begins trading again on Tuesday. Most of NETeller's executive team have shied away from traveling within the United States.