NETELLER MYSTERY

20 April 2007

Did Lefebvre and Lawrence agree to a further delay in the hearing?

Neteller founders Stephen Lawrence and John Lefebvre have still not had their day in court despite being arrested and bailed some time ago on January 15 by the FBI.

The case against the two Canadians, who were detained on US soil by FBI agents on allegations connected with Neteller's online gambling business despite no longer holding executive positions in the company, has now been postponed four times.

Peter Neiman, the legal representative for defendant Lawrence this week confirmed that a further extension - to May 16 - has been granted, an event given little mainstream media coverage despite widespread interest in the case and in the negotiations between the US Department of Justice and Isle of Man-based Neteller.

Following the arrests of its founders, Neteller withdrew from the US market and blocked all US accounts, depriving thousands of American players of control over their balances estimated to total tens of millions of dollars. The e-wallet also suspended trading in its shares on London's AIM, a situation that pertains to this date.

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