Crackdown on U.S. internet gambling- Neteller founders arrested

Nonny Notable Member

Messages:: 2,093

Likes Received:: 120

Best Answers:: 0

Trophy Points:: 210

#1

If you have a gambling site and are in the U.S. (or have visitors/players from the U.S.) this news might be of interest: Two founders of NETeller were arrested for processing money from U.S. citizens for illegal gambling.

http://www.casinocitytimes.com/news/article.cfm?contentID=163588

MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, and MARK J. MERSHON, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation ("FBI"), announced today that STEPHEN ERIC LAWRENCE and JOHN DAVID LEFEBVRE were arrested yesterday in connection with the creation and operation of an internet payment services company that facilitated the transfer of billions of dollars of illegal gambling proceeds from United States citizens to the owners of various internet gambling companies located overseas.
Click to expand...

Mr. GARCIA stated, "Internet gambling has become a multibillion-dollar industry that derives a major portion of its revenues from United States citizens. STEPHEN ERIC LAWRENCE and JOHN DAVID LEFEBVRE knew when they took their company public that its activities, as well as those of the internet gambling companies it assisted, were illegal in the United States. Blatant violations of U.S. law are not a mere 'risk' to be disclosed to prospective investors. Criminal prosecutions related to online gambling will be pursued even in cases where assets and defendants are positioned outside of the United States."
Click to expand...

According to Wikipedia Lawrence and Lefebvre are only shareholders in NETeller at this time.
http://en.wikipedia.org/wiki/Neteller