Founders of Neteller Arrested!

**Professor** · 16th January 2007, 02:13 AM

Gambling911 is reporting that the founders of Neteller were arrested today in Los Angeles and New York

http://www.gambling911.com/NETeller-...ed-011507.html

**winbig** · 16th January 2007, 02:49 AM

Originally Posted by Professor

Gambling911 is reporting that the founders of Neteller were arrested today in Los Angeles and New York

http://www.gambling911.com/NETeller-...ed-011507.html

Very interesting...................................

**cipher** · 16th January 2007, 03:03 AM

Originally Posted by winbig

Very interesting...................................

I've got to say that both of these individuals haven't got the sense of a brick if they were traveling here in the United States.

Have a good one.

**tennis_balls** · 16th January 2007, 03:07 AM

wow!

vinylweatherman is more powerful than i realized

**wangpoker** · 16th January 2007, 03:59 AM

it's breaking news
Neteller is too greedy..

**jetset** · 16th January 2007, 06:14 AM

Follow up info here:

http://www.gambling911.com/NETeller-...ed-011607.html

I haven't yet seen this report confirmed elsewhere.

**winbig** · 16th January 2007, 06:58 AM

Then there is Louisiana State, which seems more concerned with going after online gambling company operators than cleaning up the mess left by Hurricane Katrina.

If it wasn't so true, it'd be funny

**jetset** · 16th January 2007, 07:02 AM

Nothing in the news or investor sections at Neteller, but they will only be opening for business in the Isle of Man in another couple hours (their time now is GMT 6AM)

Hopefully there will be some sort of statement on this at that time.

**wangpoker** · 16th January 2007, 07:07 AM

I am speculating about the fates of pokerstars, full tilt poker, betus...
If pokerstars closes its door to USA, partypoker will be the biggest poker room again.

**jetset** · 16th January 2007, 09:49 AM

Neteller have issued a statement, and Reuters have reported that shares are suspended at request of the company:

STATEMENT REGARDING FORMER DIRECTORS

NETELLER Plc, 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.

Enquiries:
NETELLER
Andrew Gilchrist, VP - Communications + 44 (0) 1293 555 726

Citigate Dewe Rogerson + 44 (0) 207 638 9571
Sarah Gestetner/Sebastian Hoyle/George Cazenove

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.

Notes to Editors

The NETELLER Group
With 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 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.