NETELLER SPEAKS ON U.S. FREEZE ON PLAYER PAYOUTS

9 February 2007

Confirmation that U.S. Attorney has seized funds, stopping players from accessing their money.

With speculation and rumour running wild that the U.S. authorities have somehow managed to freeze Neteller payments to the e-wallet's former US clients, the British payment processor said on Thursday that the United States Attorney's Office (USAO) had seized funds, stopping customers from accessing their money.

Quoting a statement from the Isle of Man based and regulated financial company, Reuters news agency reported: "The group has been advised that the USAO has obtained court-ordered seizure warrants seizing funds pertaining to the group's transactions."

"The amount of funds seized by the USAO or otherwise restricted by third parties does not exceed $55 million," it added.

"As a result of the restrictions placed by third parties, court-ordered seizures, and related legal concerns, the group is currently unable to make payments to U.S. customers."

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