Mousey
Ueber Meister Mouse
- Joined
- Sep 12, 2004
- Location
- Up$hitCreek
If this has already been posted somewhere, I apologize...
UPDATE 2-Link Removed ( Old/Invalid)
Tue Jul 10, 2007 9:27 PM BST
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By Christine Kearney
NEW YORK, July 10 (Reuters) - A former president and co-founder of payment processor NETeller Plc (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 Nov. 1.
During the hearing, Lefebvre admitted promoting Internet gambling. Its legality was ambiguous in the United States for many years, but was effectively banned last October when President George W. Bush signed legislation outlawing gaming financial transactions.
"I eventually came to see that promoting payment services to online gambling businesses serving customers in the United States was wrong," Lefebvre sa......
UPDATE 2-Link Removed ( Old/Invalid)
Tue Jul 10, 2007 9:27 PM BST
Email This Article | Print This Article | RSS [-] Text [+] (Adds byline, details, background)
By Christine Kearney
NEW YORK, July 10 (Reuters) - A former president and co-founder of payment processor NETeller Plc (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 Nov. 1.
During the hearing, Lefebvre admitted promoting Internet gambling. Its legality was ambiguous in the United States for many years, but was effectively banned last October when President George W. Bush signed legislation outlawing gaming financial transactions.
"I eventually came to see that promoting payment services to online gambling businesses serving customers in the United States was wrong," Lefebvre sa......