netteller founders arrested?

[robertg]

I just read that two original founders of netteller were arrested on us soil
today, anyone have any info or is it just a rumor.

[Romanowski]

apparently neither have been involved with netteller for years

dosent make sense

[robertg]

i agree. I was surfing the web for info on pinnacle and any other shoes that might drop, and saw the article on what could be considered "gamblings enquirer." I did a google search and couldn't find anything to substaniate it.

[Yankee23]

Never mind

[nrptune]

Regulatory Announcement

Go to market news section

Company NETeller PLC
TIDM NLR
Headline STATEMENT RE FORMER DIRECTORS
Released 07:30 16-Jan-07
Number 5751P




RNS Number:5751PNETeller PLC16 January 2007 STATEMENT REGARDING FORMER DIRECTORSNETELLER Plc, the leading independent online money transfer business, todayissued the following statement regarding the speculation surrounding two of itsformer directors and founder shareholders, Mr Stephen Lawrence and Mr JohnLefebvre.While travelling separately in the US, Mr Lawrence and Mr Lefebvre, both formerdirectors of the Company, were detained by US authorities on Monday, 15 January2007.Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any currentposition with or connection to NETELLER.The Group has not received any communication or correspondence from any USauthority regarding this or any related matter.Pending clarification of the situation the Board has sought immediate temporarysuspension of NETELLER's shares.Further information will be issued in due course.Enquiries:NETELLERAndrew Gilchrist, VP - Communications + 44 (0) 1293 555 726Citigate Dewe Rogerson + 44 (0) 207 638 9571Sarah Gestetner/Sebastian Hoyle/George CazenoveFurther informationMr Lawrence resigned as a non-executive director of the Company on 13 October2006 having stepped down as non-executive chairman of the Company on 11 May2006. Mr Lefebvre resigned as a non-executive director of the Company on 15December 2005.Mr Lawrence is the majority beneficial owner of Corvina International Ltd. whichholds a total of 7,085,541 ordinary shares representing approximately 5.91% ofthe issued share capital of the Company. Mr Lefebvre is the beneficial owner ofEagle Medallion Fortress Investment Corporation which holds a total of 6,638,094ordinary shares representing approximately 5.54% of the issued share capital ofthe Company.Notes to EditorsThe NETELLER GroupWith over 3 million customers in 160 countries, 3,500 merchants, and over $7 billion in annual transactions, the NETELLER Group operates the largest independent online money transfer business in the world. The Group specializes in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed the Group to support thousands of retailers and merchants in many geographies and across multiple industries.The Group is quoted on the London Stock Exchange's AIM market, with a tickersymbol of NLR. NETELLER UK Limited is authorised by the Financial ServicesAuthority (FSA) to operate as a regulated e-money issuer. For more informationabout the Group visit www.netellergroup.com. This information is provided by RNS The company news service from the London Stock ExchangeEND

[nrptune]

LONDON (Reuters) - Online money transfer firm NETeller said on Tuesday two of its founding shareholders - Stephen Lawrence and John Lefebvre - had been detained by U.S. authorities on Monday.
It said neither Lawrence nor Lefebvre had any current position with or connection to the company, other than as shareholders.
It also said the group (NLR.L: Quote, Profile , Research) had not received any communication or correspondence from any U.S. authority regarding the matter and the board had sought immediate temporary suspension of its shares.

[upinya83]

[jaypasco]

has anyone thrown out crazy bets cause of gambling bill? all in type bets? I might cause it doesnt matter at this point if i win i sweat the money if i lose hey so what

[johnny1212]

Press Release
Statement Regarding Former Directors

16 January 2007 - NETELLER Plc (LSE: NLR), the leading independent online money transfer business, today issued the following statement regarding the speculation surrounding two of its former directors and founder shareholders, Mr Stephen Lawrence and Mr John Lefebvre.

While travelling separately in the US, Mr Lawrence and Mr Lefebvre, both former directors of the Company, were detained by US authorities on Monday, 15 January 2007.

Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any current position with or connection to NETELLER.

The Group has not received any communication or correspondence from any US authority regarding this or any related matter.

Pending clarification of the situation the Board has sought immediate temporary suspension of NETELLER's shares.

Further information will be issued in due course.
Further information

Mr Lawrence resigned as a non-executive director of the Company on 13 October 2006 having stepped down as non-executive chairman of the Company on 11 May 2006. Mr Lefebvre resigned as a non-executive director of the Company on 15
December 2005.

Mr Lawrence is the majority beneficial owner of Corvina International Ltd. which holds a total of 7,085,541 ordinary shares representing approximately 5.91% of the issued share capital of the Company. Mr Lefebvre is the beneficial owner of Eagle Medallion Fortress Investment Corporation which holds a total of 6,638,094 ordinary shares representing approximately 5.54% of the issued share capital of the Company.

About the NETELLER Group

With over 3 million customers in 160 countries and more than US$ 7 billion in annual transactions, the NETELLER Group operates the largest independent online money transfer business in the world. The Group specialises in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange or distance. Being independent has allowed the Group to support over 3,500 retailers and merchants in many geographies and across multiple industries.

The Group is quoted on the London Stock Exchange’s AIM market, with a ticker symbol of NLR. NETELLER (UK) Limited is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about the Group visit www.netellergroup.com.
Media and Investor Contacts

Citigate Dewe Rogerson
Sarah Gestetner or George Cazenove
Tel: +44 (0) 207 638 9571

[BTO]

Julia Kollewe
Tuesday January 16, 2007
Guardian Unlimited

The American authorities have swooped on the founding shareholders of NETeller, the company which specialises in money transfers between online gambling sites and players.

Stephen Lawrence and John Lefebvre, both former directors of the firm, were detained in the US yesterday, while travelling separately.

NETeller called for a suspension of trading in its shares as it revealed the shock development this morning.

The online payment group said neither Mr Lawrence nor Mr Lefebvre has any current position with or connection to NETeller, other than as shareholders.

Article continues
Shares in the Isle of Man-based firm closed at 176p on Monday, valuing it at around £211m. Its shares have plunged by 60% since early September as it became embroiled in the US crackdown on online gaming.

Today it said it "has not received any communication or correspondence from any US authority regarding this or any related matter.

"Pending clarification of the situation the board has sought immediate temporary suspension of NETeller's shares."

Most online gaming companies have pulled out of the US market since new legislation was passed in October barring banks from processing transactions involving internet gambling.

The law came after two executives of internet gaming companies were arrested in the US over the summer, BetonSports' chief executive David Carruthers and Sportingbet's non-executive chairman Peter Dicks.

Mr Lawrence resigned as a non-executive director of NETeller on October 13, having stepped down as non-executive chairman on May 11 last year. Mr Lefebvre resigned as a non-executive director on December 15 2005.

Mr Lawrence holds a 5.91% stake in NETeller through his investment vehicle Corvina and Mr Lefebvre owns 5.54% of the company through Eagle Medallion Fortress.

NETeller has more than 3 million customers in 160 countries and processes more than $7bn (£3.55bn) in transactions a year.