NETeller Leaving US ? US judge sets $5 mln bail for one NETeller founder

[Mark]

US judge sets $5 mln bail for one NETeller founder

NEW YORK, Jan 17 (Reuters) - A U.S. judge set bail at $5 million for one of the two founders of UK online money transfer company NETeller Plc (NLR.L: Quote, Profile , Research) who are accused of illegally laundering Internet gambling proceeds, prosecutors said on Wednesday

http://today.reuters.com/news/artic...RTRIDST_0_CRIME-NETELLER.XML&rpc=66&type=qcna

NETeller Could Leave US Market at Midnight Tonight!

Written by Thomas Jensen
Wednesday, 17 January 2007
NETeller Could Leave US Market at Midnight Tonight!Operators out of Costa Rica are reporting that NETeller could abandon the US market completely as soon as tonight. Online gambling websites are racing to reconcile their NETeller merchant accounts. Operators that are heavily dependent on NETeller as their primary merchant could have serious issues sending and receiving funds to clients.


http://www.point-spreads.com/news/i...e-us-market-at-midnight-tonight-20070117.html

At least one of my affiliate programs is Reporting They've already dropped US Citizens as a whole .... I couldn't find a page for any US TOS when I visited earlier

 

[JMJ]

Goodlord, when is our government going to get a life.

 

[isitthateasy]

I got an email today from Absolute Poker saying that Neteller has shut down in the U.S. As long as people want to gamble, they will find a way. If it's not Neteller, it will be something else. Why don't they just tax it and move on?

 

[B33R]

Wow big news. This whole arresting UK execs/CEOs/founders thing is getting mighty tiresome!

You'd have thought your goverment would've realised that people still want to gamble and then noticed the opportunity to license it. I think that'll happen anyway within the next few years as soon as they've managed to drive all the foreign operators out of the country or business entirely.

Kinda hypocritical too from a country where you can easily go to Vegas or another city and lose everything you own, including the shirt off your back.

Man, this "freedom" thing really sucks!

 

[johnny6]

sweet. maybe i can stop losing money playing poker.

 

[Olney]

How easy it for them to pay the bail money & skip back to Canada then on the first plane, or ship back to the Bahamas.

 

[dhscott]

FBI Arrests Neteller Execs!

Two former Neteller Execs have been arrested due to the Unlawful Internet Gambling Enforcement Act. Neteller has ceased all US gambling operations immediately!

Source: Slashdot

Not good news for some I fear

EDIT: Apologies!

 

[The Equivocate]

I guess it was only a matter of time. Now I have no way to put money into my Absolute Poker account.