More on the Neteller Arrests

by Lou on January 16, 2007

I’ve been following the story about former Neteller board members Stephen Lawrence and John Lefebvre who were charged with money laundering charges by the US Attorney General in the Southern District of New York.

A statement from the office of Michael J. Garcia, United States Attorney, Southern District of New York, pictured right, said that the arrests were made for the “creation and operation of an internet payment services company that facilitated the transfer of billions of dollars of illegal gambling proceeds from US citizens to the owners of various internet gambling companies located overseas.”

Neteller said in a statement released earlier today that neither Lawrence or Lefebvre had any current position within the company. It was reported earlier that Lebebvre left Neteller in December 2005 while Lawrence left in October last year, just after the passing of the Unlawful Internet Gaming Enforcement Act.

One legal source was quoted in e-Gaming review as saying “It’s a warning shot across the bows for those still taking money from the US.”

I’ll report more details as they become known.

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