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TheEnforcer
01-16-2007, 11:14 PM
This is why I wouldn't touch owning any part of a gambling site, or something that facilitates their payments, as a US resident.


Click link for full article

http://www.cardplayer.com/poker_news/article/8111

FBI Arrests Former NETELLER Executives
Stephen Lawrence and John Lefebvre Detained While Traveling Separately
Two former NETELLER executives were detained while traveling separately through the United States yesterday (Jan. 15) 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,” according to the U.S. Attorney General’s office of Southern New York.

NETELLER suspended trading its shares on the London Stock Exchange in light of the detention of founding members Stephen Lawrence and John Lefebvre. Besides owning stock in NETELLER, the two do not hold any positions with the company.

NETELLER is an “e-Wallet” service that allows people to transfer money directly from their bank accounts to other parties. It’s the main service many online poker players and gamblers use to transfer money in and out of their preferred sites.

Here’s the complete release from the U.S. Attorney’s office:

“U.S. Charges Two Founders of Payment Services Company with Laundering Billions of Dollars of Internet Gambling Proceeds
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, 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.”

TheEnforcer
01-16-2007, 11:16 PM
Of note is that neither of the two arrested is a US citizen. Will be interesting to see how that aspect plays into this over time.

Hell Puppy
01-17-2007, 06:17 AM
Juice not worth the squeeze.

I like to be able to get on an airplane and even cross the border from time to time.

TheEnforcer
01-17-2007, 11:40 AM
Exactly. They will nail your ass to the wall faster on gambling than they will porn. Facing obscenity charges would be easier to defend yourself than against the charges brought via gambling.