2000 or BUST!!!

[CecilBrown]

Will I receive my money from Neteller BEFORE I attain the 2000 post level?

Cast your vote now...

[WildKat]

Any chance that, If you get your money before your 2000 post that you will share it with the lone individual that voted that way? If that's the case, get my addy from Dr. Jack!

[CecilBrown]

NETeller Payments Could Take 6 Months: "We Don't Work Weekends"
Understandably, NETeller's resources could have been exhausted for up to two weeks. Thousands of anxious customers calling all at once to withdraw money. But "website name deleted".com has since been shocked to learn that NETeller representatives are now telling US customers they will have to wait 6 months for payments and that "Nobody works on weekends anymore".

Nobody works on weekends? As our own Jenny Woo would say: "WTF?" You would think that the folks from NETeller are working around the clock trying to get these customers paid. It appears now as if there are no legitimate excuses for the delays.

As such, "website name deleted".com is urging all its readers to contact the Isle of Man, where NETeller is licensed to operate. You can find their information here. The NETeller office is located at 4th Floor, 1 Circular Road, Standard Bank Building, Douglas, Isle of Man, IM1 1AF. The Isle of Man has long billed itself as the quintessential jurisdiction for legitimate online gambling related companies to be licensed.

The two Canadian founders of NETeller, John Lefebvre and Steve Lawrence, solutions NETeller were arrested in Los Angeles and the Bahamas, respectively, two weeks ago. NETeller immediately stopped servicing those individuals living in the US. While a common source for transferring funds to and from online gambling websites, "website name deleted".com has long stopped endorsing NETeller and urged its readers not to keep large sums of money there following passage of a law to curb some forms of online gambling back in October.

Until just a few days ago, some ATMs were accepting NETeller's own ATM card, but on Friday the company told its US customers the card no longer works for them. Some US customers are now relying on peer-to-peer transfers with individuals living outside the US. "WEBSITE NAME DELETED".com urges anyone using the later method to be cautious of who they are dealing with in terms of the peer-to-peer relationship as this concept will most surely lead to numerous scams.

---

Christopher Costigan (website name purposely deleted)

Originally published January 31, 2007 3:31 pm ET

[CecilBrown]

This article makes me wonder if the powers that be at Neteller are not purposely (and maliciously) using the U.S. depositors money as a bargaining tool(???)

January-31-2007,
NETeller Trying to Work Out a Deal with the U.S. Department of Justice...By Hartley Henderson The recent arrests of John Lefebvre and Stephen Lawrence, combined with the subpoenas issued against some financial institutions, has caused incredible headaches for Americans with money in their NETeller accounts. After the UIEGA was passed in October, NETeller examined their situation and announced they would be phasing out American clients. It was clear the company would stop accepting U.S. accounts in early 2007 but wanted a bit of time to ensure that all accounts could be settled properly and that NETeller could get their affairs in order with regards to the worldwide merchants they still offer transfers to. To most individuals this would seem like a reasonable request, but apparently not to the United States government who is clearly on a witch hunt against anything and everything associated with online gambling with regards to the United States. Consequently, the exact situation that NETeller wanted to avoid has now happened.

Every U.S. banking partner has stopped all association with the company meaning that Americans have absolutely no way of getting to their money. NETeller will not process any withdrawals for Americans, nor will U.S. banks accept EFTs from Americans that come from NETeller, so the money is literally held hostage at this point. NETeller clearly does not want to keep the money, but they are also doing little to help Americans who are stuck. Several non Americans have tried to help out their American counterparts by taking peer to peer transfers from them and then withdrawing the money for them, but NETeller appears to be stopping all of these transactions from being processed. And then to add insult to injury, NETeller is freezing the non American accounts that take the transfers.
Upon talking to some people at NETeller, as well as the p.r. firm representing them, it appears NETeller has no interest in giving more information. The company's only response to numerous emails and phone calls was to tell me that they had nothing more to add. And in one call, an individual at the company actually threatened me if I didn't stop "harassing" them.

Fortunately, the news is not all bad. According to Russ Hawkins, CEO of "wesite name deleted".com, NETeller is currently working with the U.S. department of justice to try and conceive a way of getting the money out for Americans, although more details are not known at this point. It has also been reported on other sites that all of the U.S. player's money is currently sitting in an escrow account at a British bank, although this was neither confirmed nor denied to me by the company. Clearly it is not in the best interest of anybody to have this money sitting in limbo. It does not serve NETeller who just wants to get on with their business, it does not serve the U.S. department of justice who clearly doesn't want to appear as if they are holding their own citizen's money hostage and it clearly doesn't serve the NETeller customer. As well, if the money was back in the proper American bank accounts it could be used for purchase on goods and services which in turn helps the U.S. economy.

I have requested more information from individuals at NETeller in both the Isle of Man and Calgary, as well as from a spokesperson for the company and for the Isle of Man itself. As soon as more details are known they will be posted.

01-31-07
Hartley Henderson

[The Judge]

Considering your current posting rate (2.36 posts per day), I would have to say yes, you will get your cash within 92.79 days.

[CecilBrown]

2/2/2007
FBI doesn't comment on alleged seizure of Neteller funds


USA Today quoted FBI agent Neil Donovan saying "funds from Neteller are being held in court as potential evidence. Some customers may get their money back."

"What's in there [USA Today article] is in there, but I really cannot comment further." Neil Donovan of the FBI Public Information Office told The Online wire today.

Agent Donovan’s new statement partially defuses the H Bomb his quote on USA Today ignited among tens of thousands of Neteller U.S. members with money frozen in their e-wallets.

Meanwhile Neteller maintains that the company holds all members’ funds (all deposited, in-transit and un-cleared funds) by holding the value in independent trust accounts.

To Neteller’s credit the company would be required to immediately disclose seizure of funds to the Financial Services Authority in the U.K. No such disclosure was reported to date.

Attempts to contact Neteller’s spokespersons have gone unanswered.

Effective January 18 Neteller no longer provides service to US members to transfer funds. Neteller discontinued to process withdrawals on behalf of its U.S. member in the 2 weeks following January 18.

On February 1 Neteller stopped offering its Peer-to-Peer service to US members, the last remaining way for U.S. customers to transfer funds out of their e-wallets.

Neteller maintains that the company holds all members’ funds (all deposited, in-transit and un-cleared funds) by holding the value in independent trust accounts.

Neteller founders Stephen Lawrence, 46, and John Lefebvre, 55, were arrested on January 15. Manhattan federal prosecutors have charged them with conspiracy to transfer funds with the intent to promote illegal gambling.

The two men, who are both from Canada, founded Neteller in 1999. Lawrence resigned as a non-executive director in October after stepping down as non-executive chairman in May. Lefebvre resigned as a non-executive director in December 2005.

The pair, who are currently out on bail, are set to fight the charges laid against them when they appear in court on February 14.