Merged Threads - Title post only.

[Railbird]

Anyone who has a thread in this thread and wants it unmerged to stand separate please post at the end of this thread. Just give me the thread you want unmerged post number.



Thanks, wil..






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 Gambling911.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 Isle of Man 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.
Gambling911.com will continue to monitor this story as it develops.
----
Christopher Costigan,

 

[da1prophet]

The plot thickens...

The plot thickens...

Neteller just released the following statement:


<TABLE width="100%"><TBODY><TR><TD class=marketnews colSpan=2>Regulatory Announcement</TD></TR><TR><TD class=divider colSpan=2></TD></TR><TR><TD class=bodytext>Go to market news section</TD><TD align=right>javascript: var x=window.open('', '', 'status=1,resizable=1,menubar=1,scrollbars=1,top=10,left=10') </TD></TR><TR><TD colSpan=2></TD></TR><TR><TD class=bodytext colSpan=2><TABLE><TBODY><TR><TD width=100>Company</TD><TD title="View detailed price page" width=200>NETeller PLC </TD><TD align=right width=300 rowSpan=4>

</TD></TR><TR><TD>TIDM</TD><TD>NLR</TD></TR><TR><TD>Headline</TD><TD>STATEMENT RE FORMER DIRECTORS</TD></TR><TR><TD>Released </TD><TD>07:30 16-Jan-07</TD></TR><TR><TD>Number</TD><TD>5751P</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
<!-- Begin announcement content -->

RNS Number:5751PNETeller PLC16 January 2007 STATEMENT REGARDING FORMER DIRECTORSNETELLER Plc, the leading independent online money transfer business, todayissued the following statement regarding the speculation surrounding two of itsformer directors and founder shareholders, Mr Stephen Lawrence and Mr JohnLefebvre.While travelling separately in the US, Mr Lawrence and Mr Lefebvre, both formerdirectors of the Company, were detained by US authorities on Monday, 15 January2007.Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any currentposition with or connection to NETELLER.The Group has not received any communication or correspondence from any USauthority regarding this or any related matter.Pending clarification of the situation the Board has sought immediate temporarysuspension of NETELLER's shares.Further information will be issued in due course.Enquiries:NETELLERAndrew Gilchrist, VP - Communications + 44 (0) 1293 555 726Citigate Dewe Rogerson + 44 (0) 207 638 9571Sarah Gestetner/Sebastian Hoyle/George CazenoveFurther informationMr Lawrence resigned as a non-executive director of the Company on 13 October2006 having stepped down as non-executive chairman of the Company on 11 May2006. Mr Lefebvre resigned as a non-executive director of the Company on 15December 2005.Mr Lawrence is the majority beneficial owner of Corvina International Ltd. whichholds a total of 7,085,541 ordinary shares representing approximately 5.91% ofthe issued share capital of the Company. Mr Lefebvre is the beneficial owner ofEagle Medallion Fortress Investment Corporation which holds a total of 6,638,094ordinary shares representing approximately 5.54% of the issued share capital ofthe Company.Notes to EditorsThe NETELLER GroupWith over 3 million customers in 160 countries, 3,500 merchants, and over $7 billion in annual transactions, the NETELLER Group operates the largest independent online money transfer business in the world. The Group specializes in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed the Group to support thousands of retailers and merchants in many geographies and across multiple industries.The Group is quoted on the London Stock Exchange's AIM market, with a tickersymbol of NLR. NETELLER UK Limited is authorised by the Financial ServicesAuthority (FSA) to operate as a regulated e-money issuer. For more informationabout the Group visit www.netellergroup.com. This information is provided by RNS The company news service from the London Stock ExchangeEND</PRE>

 

[dickiesports]

Get Your Money Out of Neteller NOW !

Just incase they decide to freeze all US accounts. Better to be safe than sorry. If the US government went after the founders arresting them in their homes you better believe the corporate office in Isle of Man is scrambling to make a decision. Maybe they will follow Pinny and shut down all US customers...Seems the US Government is very serious about this crackdown (which is sickening). I know Neteller is publicly traded but that does not mean anything if they get these guys on money laundering.Think quick cause a public company has alot more to answer to than a private company....GET OUT NOW.

 

[Number_9]

Neteller Withdrawal Question

I've withdrawn from my Neteller account plenty of times before, mostly to the ATM card, and by EFT a couple of times. But never for very large amounts.

I have a balance in the very low 5 figures that I'd like to withdraw ASAP and in one chunk. Any suggestions on how to do it?

Is there a reason not to just EFT it? Will such a large amount take longer or raise red flags at my bank? If I do it by check, is it a Cashier's Check or does it say Neteller on it?

Does anyone have any experience or advice with this?

Thanks in advance.

:toast:

-#9

 

[CLGambler]

Neteller Is Gone Before Super Bowl!!

Thats correct, Neteller will be history here in the US before the Super Bowl, as early as this weekend. I trust this person who informed me about this last night. He is involved offshore and for him to say this it has to be true. Many other places will follow too. OFFSHORE is losing out here bigtime and a huge run on local books are taking place. My local told me that 75 customers contacted him in the past week that he lost to offshore, that tells me something about the offshore future. Bottom line is get out of neteller NOW or you might be waiting for your cash.

CL

 

[wolfie_cr]

FORMER neteller execs arrested

note from me:Until the dust clears I would not assume this has to do with egaming........


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 under by state or Federal authorities.

 

[DRGAMBLING]

Just spoke with Neteller....

I just spoke with Neteller and it doesn't sound very good at all. He told me that online transactions for US customers will at some point be blocked (when that is, is the question) and that they will "probably" send checks out to its customers. I always see the glass as half full, but I hate to say it guys, the end is very, very near.

 

[sean1]

If you have money at neteller dump it somewhere

I recommend if you have money at neteller you dump it somewhere - dont withdraw it.

Withdrawing it takes a day or two and will not avoid a freeze.

Living under Hitler sucks but requires evasive actions.

All of my funds that were sitting in Neteller have now been dumped in Oympic and Cris. I tried to dump some in WSEX, but kept getting an overlimit statement (I've never gotten this before so this is not good.)

-Sean

 

[DRGAMBLING]

Serious Question Regarding Neteller for all Senior Posters Here

All the panic aside, do you all think it is really safer to have money in top notch books (ie CRIS, WSEX, etc) rather then Neteller. I have put in for multiple EFTs from Neteller this AM, but i am considering moving it into books instead. Please give me your thoughts.

 

[X-Files]

Could Neteller follow in the footsteps of BOS?

Both publicly traded {stock market} companies.

Both have had company leaders arrested on US soil by US gov.

Maybe even non US users of Neteller should be concerned.

 

[dickiesports]

Neteller Halts Trading On The AIM

Neteller halts trading on the AIM

Money transfer giant Neteller said on Tuesday that Stephen Lawrence and John Lefevre were detained by US authorities sometime Monday.

NETeller, based out of the Isle of Man, is publicly traded on the London exchange (AIM) and states on their website they are "the world's largest independent money transfer business". The most recent annual report states that the company took in revenues of $172.1 Million.

Attempts to contact Neteller for comment where not immediately responded to other than one live chat Customer Service agent saying "What??????" when asked about the reports. This was immediately followed up by a statement to contact compliance@Neteller.com.

John Lefevre, otherwise affectionately know as "Big John", in the industry, was know to travel regularly to the US to his wife?s birth place of Southern California, which is reason for his presence in the US and where he was arrested. Little is known , at this time, why or what Mr Lawrence was doing in New York, where he was apprehended.

Lawrence and Lefevre both stepped down as non- executive directors of Neteller as recently as May, 2006.

This news is in the wake of Pinnacle Sportsbook, one of the most popular US directed online sportsbooks, voluntarily announcement that it would be withdrawing from the US market, previously this week.

Neteller is a legal and licensed money processing company located in, and governed by, the Isle of Man. The announcement to halt trading on the London Stock exchange is pending a further press release by Neteller later in this trading day. Neither men have been charged with a crime. Currently, the only US law that Neteller is possibly breaking, is aiding and abetting illegal gaming

This story is breaking. Please continue checking in for updates.

 

[dickiesports]

more

Regulatory Announcement

Go to market news section

Company NETeller PLC
TIDM NLR
Headline STATEMENT RE FORMER DIRECTORS
Released 07:30 16-Jan-07
Number 5751P



RNS Number:5751P
NETeller PLC
16 January 2007

STATEMENT REGARDING FORMER DIRECTORS

NETELLER Plc, the leading independent online money transfer business, today
issued the following statement regarding the speculation surrounding two of its
former directors and founder shareholders, Mr Stephen Lawrence and Mr John
Lefebvre.

While travelling separately in the US, Mr Lawrence and Mr Lefebvre, both former
directors of the Company, were detained by US authorities on Monday, 15 January
2007.

Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any current
position with or connection to NETELLER.

The Group has not received any communication or correspondence from any US
authority regarding this or any related matter.

Pending clarification of the situation the Board has sought immediate temporary
suspension of NETELLER's shares.

Further information will be issued in due course.

Enquiries:
NETELLER
Andrew Gilchrist, VP - Communications + 44 (0) 1293 555 726

Citigate Dewe Rogerson + 44 (0) 207 638 9571
Sarah Gestetner/Sebastian Hoyle/George Cazenove

Further information

Mr Lawrence resigned as a non-executive director of the Company on 13 October
2006 having stepped down as non-executive chairman of the Company on 11 May
2006. Mr Lefebvre resigned as a non-executive director of the Company on 15
December 2005.


Mr Lawrence is the majority beneficial owner of Corvina International Ltd. which
holds a total of 7,085,541 ordinary shares representing approximately 5.91% of
the issued share capital of the Company. Mr Lefebvre is the beneficial owner of
Eagle Medallion Fortress Investment Corporation which holds a total of 6,638,094
ordinary shares representing approximately 5.54% of the issued share capital of
the Company.

Notes to Editors

The NETELLER Group
With over 3 million customers in 160 countries, 3,500 merchants, and over
$7 billion in annual transactions, the NETELLER Group operates the largest
independent online money transfer business in the world. The Group specializes
in providing innovative and instant payment services where money transfer is
difficult or risky due to identity, trust, currency exchange, or distance.
Being independent has allowed the Group to support thousands of retailers
and merchants in many geographies and across multiple industries.

The Group is quoted on the London Stock Exchange's AIM market, with a ticker
symbol of NLR. NETELLER UK Limited is authorised by the Financial Services
Authority (FSA) to operate as a regulated e-money issuer. For more information
about the Group visit NETELLER Group: Creating the Global Freedom to Manage and Move Your Money.




Regulatory Announcement

Go to market news section

Company AIM
TIDM NOT
Headline Suspension - Neteller plc
Released 07:30 16-Jan-07
Number 5752P


NOTICE
(34)
16/01/2007 7:30 am
TEMPORARY SUSPENSION OF TRADING ON AIM
NETELLER PLC

At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 16/01/2007 7:30 am pending an announcement.

Ordinary Shares of 0.01p each

fully paid
(3426454)(GB0034264548)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7991 8888.

Ref: AIMNOT34

END


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

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#4 (permalink) Report Post
Old Today, 06:19 AM
Dell Dude Dell Dude is offline
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Posts: 4,745
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Another successful offshore company taken down by US. Another foreign stock destroyed by United States. People trying to make an honest living possibly losing their jobs because of US. Millions of dollars lost by investors of NT. No, people are not dying, but this is a form of terrorism nonetheless. These people are not criminals. They are businessmen. What goes around comes around. We will get ours probably sooner rather than later. Pissing off a lot of people around the world.
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Old Today, 06:21 AM
clevfan clevfan is online now
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Gambling firm founders held


Julia Kollewe
Tuesday January 16, 2007
Guardian Unlimited


The American authorities have swooped on the founding shareholders of NETeller, the company which specialises in money transfers between online gambling sites and players.
Stephen Lawrence and John Lefebvre, both former directors of the firm, were detained in the US yesterday, while travelling separately.

NETeller called for a suspension of trading in its shares as it revealed the shock development this morning.

The online payment group said neither Mr Lawrence nor Mr Lefebvre has any current position with or connection to NETeller, other than as shareholders.


Shares in the Isle of Man-based firm closed at 176p on Monday, valuing it at around £211m. Its shares have plunged by 60% since early September as it became embroiled in the US crackdown on online gaming.
Today it said it "has not received any communication or correspondence from any US authority regarding this or any related matter.

"Pending clarification of the situation the board has sought immediate temporary suspension of NETeller's shares."

Most online gaming companies have pulled out of the US market since new legislation was passed in October barring banks from processing transactions involving internet gambling.

The law came after two executives of internet gaming companies were arrested in the US over the summer, BetonSports' chief executive David Carruthers and Sportingbet's non-executive chairman Peter Dicks.

Mr Lawrence resigned as a non-executive director of NETeller on October 13, having stepped down as non-executive chairman on May 11 last year. Mr Lefebvre resigned as a non-executive director on December 15 2005.

Mr Lawrence holds a 5.91% stake in NETeller through his investment vehicle Corvina and Mr Lefebvre owns 5.54% of the company through Eagle Medallion Fortress.

NETeller has more than 3 million customers in 160 countries and processes more than $7bn (£3.55bn) in transactions a year.

 

[Anti-liberal]

Hats off the G911 for the scoop on Neteller last night...

They had it WAY before anyone, and deserve to be applauded for giving all of us a "heads up".

 

[dickiesports]

GoodNight Neteller....charged with laundering billions of dollars

Founders of online payment processing company Neteller are charged in online gambling case
LARRY NEUMEISTER, Associated Press Writer



January 16, 2007 11:10 AM

NEW YORK (AP) - Two founders of a company which processes Internet gambling transactions were arrested and charged with laundering billions of dollars in gambling proceeds, federal prosecutors announced Tuesday.

The charges against the former Neteller PLC directors, John David Lefebvre, 55, and Stephen Eric Lawrence, 46, both Canadian citizens, were contained in two criminal complaints unsealed in U.S. District Court in Manhattan on Monday, U.S. Attorney Michael Garcia said in a statement.

The prosecutor said the men knew when they took their company public that its activities were illegal.

''Blatant violations of U.S. law are not a mere 'risk' to be disclosed to prospective investors,'' Garcia said. ''Criminal prosecutions related to online gambling will be pursued even in cases where assets and defendants are positioned outside of the United States.''

FBI Assistant Director Mark J. Mershon said the multibillion-dollar online gambling industry was ''a colossal criminal enterprise masquerading as legitimate business.''

Lefebvre and Lawrence were charged in connection with the creation and operation of an Internet payment services company that facilitated the transfer to billions of dollars of illegal gambling proceeds from U.S. citizens to the owners of overseas Internet gambling companies.

Lefebvre was arrested Monday in Malibu, Calif and was scheduled to appear in U.S. District Court in Los Angeles Tuesday. Lawrence, who resides in Paradise Island, Bahamas, was arrested Monday in the U.S. Virgin Islands and will appear in federal court on Wednesday.



In 1999, the men founded Neteller, which is based in the Isle of Man and is publically traded in the United Kingdom.

The company began processing Internet gambling transactions in approximately July 2000, allowing companies to transfer money from U.S. customers to bank accounts overseas.

Prosecutors cited Neteller's 2005 annual report in saying that Lawrence and Lefebvre enabled the company to provide payment services to more than 80 percent of worldwide gaming merchants.

Lawrence left the company's board of directors in October while Lefebvre left in December 2005, prosecutors said. Together, the men owned as much as 35 percent of the company's outstanding shares.

Garcia noted that the company acknowledged when it went public that U.S. law prohibited people from promoting certain forms of gambling, including Internet gambling and transmmitting funds that are known to have been derived from criminal activity.

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, both charged with conspiring to transfer funds with the intent to promote illegal gambling, could face a maximum of 20 years in prison if convicted.

 

[pokherplyr]

NeTeller VIP Customer Service Number?

Would someone please post the 800 CS number for NeTeller? I cannot bring up the login in page and I use to get the number when I logged in.

Thanks

pp

 

[ProPokerPlayer]

Neteller done with online gambling...Official

Due to recent US legislative changes and events, effective immediately, US members are no longer able to transfer funds to or from any online gambling sites.

All US members will continue to be able to use their NETELLER e-wallet account to safely transfer funds to and from non-gambling merchants and are not required to close their account or withdraw their funds.

 

[JackStraw77]

Neteller card for withdrawls

I have requested an EFT but just in case in doesn't go through I wanted to get a Neteller card. Well, you can't. I tried to update to my new mailing address and the U.S. is not an option. In the country category it defaults to American Samoa. The U.S. is no longer listed. You can change your street address, state, city, zip code but US doesn't exist anymore. Even if you use your old address it still defaults to American Samoa. The first country on list. I am currently in live person chat wait line. I hope they answer before next weeks "24"

 

[wisdom]

Neteller

I have been taking $1000 a day on my neteller debit card no problem .I also requested $5000 eft on the 16th have not riecioved as of this morning . .I wish I would have taken it all on Debit card.

 

[glennlovecolleen3]

Who here

Who here is not affected by all this neteller chaos?

 

[WVU]

Neteller poll

Will neteller ultimately stiff US account holders?