Neteller saga nearing it's end...

[CecilBrown]

Ex-NETeller exec pleads guilty in gambling case
Tue Jul 10, 2007 9:32PM BST

NEW YORK (Reuters) - A former president and co-founder of payment processor NETeller (NLR.L: Quote, Profile, Research) pleaded guilty on Tuesday to a conspiracy charge related to handling billions of dollars in illegal gambling proceeds.

John Lefebvre, 55, entered the plea before U.S. District Judge P. Kevin Castel during a hearing in Manhattan, just days after co-founder Stephen Lawrence also pleaded guilty in the case.

Lefebvre, a Canadian Citizen who ran NETeller's business operations, agreed to cooperate with the government as part of a plea deal. He faces up to five years in jail when he is sentenced on November 1.



Looks like were one step closer to recovery of our funds Dr. Jack!

[Dr. Jack]

That will be good. It will be like a xmas bonus almost at this point. I just wish these guys would have put up a little fight. I guess a deal with most likely none or little jail time was to good to refuse.

Let's hope it happens soon. I believe we should hear by end of week hopefully