What law did Lawrence and Lefebvre violate?

by Lou on January 19, 2007

For those of you who asked what Neteller founders and former directors Lawrence and Lefebvre were charged with, here are the specifics:

They are charged with violating Title 18 Section 1956 (a) (2) (A).

Section 1956 is the section on “Laundering of monetary instruments”)
“Whoever transports, transmits, or transfers, or attempts to transport, transmit, or transfer a monetary instrument or funds from a place in the United States to or through a place outside the United States or to a place in the United States from or through a place outside the United States with the intent to promote the carrying on of specified unlawful activity.”

The unlawful activities are violations of the 1961 Wire Act, which deals with the illegality of sports book operations. It does not speak to poker, although it’s clear that these arrests and Neteller’s subsequent pull back from the US market deals a strong blow to the online poker industry too.

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