It`s not even a USA law yet, I think this is a scam and would do anything you can, they made sure they got if from my bank first, before they started this on Jan. 16th. There is no law yet for them to do this///
NETeller Withdrawals???
- Thread starter Scarecrow
- Start date
Life Without NETeller No Problem for Online Gambling Industry
Those in the know say "Look out! The online gambling industry is coming back bigger and better than ever before."
And they point to YouTeller, a "private e-wallet", which promises to fill in the void left behind by NETeller.com.
"Wait till you see the back end software when it launches...looks hauntingly familiar...as do the people behind the scenes," a source told Gambling911.com. "Looks like we will survive without NETeller after all."
NETeller co-founders, Stephen Lawrence and John Lefebvre, were arrested and charged last month with money laundering and racketeering. The US Department of Justice claims that millions of dollars has left the country through NETeller based on public disclosures filed in the United Kingdom.
Meanwhile, industry analysts point out that while Lawrence and Lefebvre prepare for trial, a competitor to NETeller continues to operate within the United States.
With Neteller shares halted in the UK, Optimal Group, Inc. (OPMR) still trades in the US on NASDAQ. They are the 100% owner of the FireOne (FirePay) business which is a pure competitor to Neteller, a company the US government is calling part of a "massive criminal enterprise".
"As Gambling911.com has pointed out the Neteller founders are being charged with crimes PRIOR to the passing of the online gaming act in October of 2006," an industry analyst observed under anonymity. "FirePay, OPMR, were processing the same tranactions then including for sports gaming sites. OPMR trades in the US. They appear to have US operations. I think this is a very interesting potential story that no one is talking about.
"When you look at Yahoo news for OPMR, none of the recent Neteller or UK inquiries show up. Is it possible that people aren't making the leap? Or is the US about to come down on these guys just like Neteller? It will be interesting."
As for YouTeller.com, the third party payment processor promises that customers can send money for free, receive money for free and deposit/withdraw funds from your bank account using a credit card.
The company opens in March and claims to be certified by the British Financial Services Authority.
----
Christopher Costigan, **********
Originally published February 6, 2007 12:19 am ET
***********
Those in the know say "Look out! The online gambling industry is coming back bigger and better than ever before."
And they point to YouTeller, a "private e-wallet", which promises to fill in the void left behind by NETeller.com.
"Wait till you see the back end software when it launches...looks hauntingly familiar...as do the people behind the scenes," a source told Gambling911.com. "Looks like we will survive without NETeller after all."
NETeller co-founders, Stephen Lawrence and John Lefebvre, were arrested and charged last month with money laundering and racketeering. The US Department of Justice claims that millions of dollars has left the country through NETeller based on public disclosures filed in the United Kingdom.
Meanwhile, industry analysts point out that while Lawrence and Lefebvre prepare for trial, a competitor to NETeller continues to operate within the United States.
With Neteller shares halted in the UK, Optimal Group, Inc. (OPMR) still trades in the US on NASDAQ. They are the 100% owner of the FireOne (FirePay) business which is a pure competitor to Neteller, a company the US government is calling part of a "massive criminal enterprise".
"As Gambling911.com has pointed out the Neteller founders are being charged with crimes PRIOR to the passing of the online gaming act in October of 2006," an industry analyst observed under anonymity. "FirePay, OPMR, were processing the same tranactions then including for sports gaming sites. OPMR trades in the US. They appear to have US operations. I think this is a very interesting potential story that no one is talking about.
"When you look at Yahoo news for OPMR, none of the recent Neteller or UK inquiries show up. Is it possible that people aren't making the leap? Or is the US about to come down on these guys just like Neteller? It will be interesting."
As for YouTeller.com, the third party payment processor promises that customers can send money for free, receive money for free and deposit/withdraw funds from your bank account using a credit card.
The company opens in March and claims to be certified by the British Financial Services Authority.
----
Christopher Costigan, **********
Originally published February 6, 2007 12:19 am ET
***********
Neteller's Open and Honest Conspiracy
By Jacob Sullum
Wednesday, February 7, 2007
Although Stephen Lawrence and John Lefebvre are charged with money laundering, there was nothing sneaky about their "conspiracy." In 1999 the two Canadians co-founded Neteller, an online payment processing company, now based in the Isle of Man, which openly specialized in serving online gamblers.
The FBI's investigation of Lawrence and Lefebvre, who were arrested last month and face a preliminary hearing in New York on Feb. 14, consisted mainly of reading their public statements and using Neteller to bet on a couple of football games -- a vice that in this country has to rank up there with eating a second slice of Mom's apple pie while listening to "The Star-Spangled Banner." Yes, the feds really blew the lid off this publicly traded company that never made a secret of who its customers were or what it did for them.
The impressive thing about the case, part of the Justice Department's legally shaky crusade against online gambling, is not the evidence but the government's sinister spin on it. The feds pretend they're pursuing criminals while prosecuting honest businessmen for providing services Americans want.
The money laundering charges against Lawrence and Lefebvre -- which carry prison sentences of up to 20 years, 10 times the maximum penalty for the offense they supposedly facilitated -- are based on the government's claim that Neteller transferred money into and out of the United States "with the intent to promote the carrying on of specified unlawful activity." According to Michael Garcia, the U.S. attorney for the Southern District of New York, the "unlawful activity" was taking online bets from Americans, which he describes as "a colossal criminal enterprise masquerading as legitimate business."
Others, including the millions of Americans who use the Internet to bet on sports or play games of chance, the companies that serve them and the foreign governments that license and regulate the companies, see things differently. They see a legitimate business that bluenoses with badges are determined to tar as a criminal enterprise because they can't stand the idea that somebody in Westchester County might be playing poker in his pajamas.
Garcia cites the Wire Act of 1961, which makes it a federal crime, punishable by up to two years in prison, to accept bets on "any sporting event or contest" via a "wire communication facility." The act does not make it illegal to place the bets, and it does not mention any other forms of gambling.
Online bookmakers based in other countries argue that the Wire Act does not apply to them because they are not accepting bets on U.S. soil. A similar argument can be made regarding state gambling laws, which Garcia also cites.
Last year's Unlawful Internet Gambling Enforcement Act, which forbids processing payments for illegal online gambling but does not say which forms of online gambling are illegal, did not clarify matters. In any event, it did not exist when Lawrence and Lefebvre were involved with Neteller (which recently stopped serving American gamblers).
Yet Garcia claims Lawrence and Lefebvre knew the betting Neteller abetted was illegal. As evidence, he cites the prospectus that was given to investors when Neteller went public in 2004, which notes the possibility of legal trouble in the United States.
This attempt to use Lawrence and Lefebvre's candor against them is pretty amusing, given that the same Justice Department has accused the Costa Rica-based BetOnSports of committing fraud by advertising itself as "legal and licensed." As far as the federal government is concerned, no matter what people involved with online gambling say about the industry's legal status, it proves they're guilty.
In any case, mentioning that anti-gambling crusaders might bend the law into a crowbar and wallop Neteller with it is not the same as believing such an assault is justified. It is merely acknowledging that some people entrusted with government power may abuse it in a vain attempt to police the recreational choices of their fellow citizens.
http://www.townhall.com/Columnists/JacobSullum/2007/02/07/netellers_open_and_honest_conspiracy
By Jacob Sullum
Wednesday, February 7, 2007
Although Stephen Lawrence and John Lefebvre are charged with money laundering, there was nothing sneaky about their "conspiracy." In 1999 the two Canadians co-founded Neteller, an online payment processing company, now based in the Isle of Man, which openly specialized in serving online gamblers.
The FBI's investigation of Lawrence and Lefebvre, who were arrested last month and face a preliminary hearing in New York on Feb. 14, consisted mainly of reading their public statements and using Neteller to bet on a couple of football games -- a vice that in this country has to rank up there with eating a second slice of Mom's apple pie while listening to "The Star-Spangled Banner." Yes, the feds really blew the lid off this publicly traded company that never made a secret of who its customers were or what it did for them.
The impressive thing about the case, part of the Justice Department's legally shaky crusade against online gambling, is not the evidence but the government's sinister spin on it. The feds pretend they're pursuing criminals while prosecuting honest businessmen for providing services Americans want.
The money laundering charges against Lawrence and Lefebvre -- which carry prison sentences of up to 20 years, 10 times the maximum penalty for the offense they supposedly facilitated -- are based on the government's claim that Neteller transferred money into and out of the United States "with the intent to promote the carrying on of specified unlawful activity." According to Michael Garcia, the U.S. attorney for the Southern District of New York, the "unlawful activity" was taking online bets from Americans, which he describes as "a colossal criminal enterprise masquerading as legitimate business."
Others, including the millions of Americans who use the Internet to bet on sports or play games of chance, the companies that serve them and the foreign governments that license and regulate the companies, see things differently. They see a legitimate business that bluenoses with badges are determined to tar as a criminal enterprise because they can't stand the idea that somebody in Westchester County might be playing poker in his pajamas.
Garcia cites the Wire Act of 1961, which makes it a federal crime, punishable by up to two years in prison, to accept bets on "any sporting event or contest" via a "wire communication facility." The act does not make it illegal to place the bets, and it does not mention any other forms of gambling.
Online bookmakers based in other countries argue that the Wire Act does not apply to them because they are not accepting bets on U.S. soil. A similar argument can be made regarding state gambling laws, which Garcia also cites.
Last year's Unlawful Internet Gambling Enforcement Act, which forbids processing payments for illegal online gambling but does not say which forms of online gambling are illegal, did not clarify matters. In any event, it did not exist when Lawrence and Lefebvre were involved with Neteller (which recently stopped serving American gamblers).
Yet Garcia claims Lawrence and Lefebvre knew the betting Neteller abetted was illegal. As evidence, he cites the prospectus that was given to investors when Neteller went public in 2004, which notes the possibility of legal trouble in the United States.
This attempt to use Lawrence and Lefebvre's candor against them is pretty amusing, given that the same Justice Department has accused the Costa Rica-based BetOnSports of committing fraud by advertising itself as "legal and licensed." As far as the federal government is concerned, no matter what people involved with online gambling say about the industry's legal status, it proves they're guilty.
In any case, mentioning that anti-gambling crusaders might bend the law into a crowbar and wallop Neteller with it is not the same as believing such an assault is justified. It is merely acknowledging that some people entrusted with government power may abuse it in a vain attempt to police the recreational choices of their fellow citizens.
http://www.townhall.com/Columnists/JacobSullum/2007/02/07/netellers_open_and_honest_conspiracy
Well, I have a suggestion...just write the amount off, count the money as a loss then claim it on your federal income tax. Since withdrawal is not an option at this time, thanks to the govt dilly-dallying around.....claim it on your income tax. Then when Neteller does refund you the money, donate the whole amount to your favorite charity.
Its a win, win situation all around.:toast:
Its a win, win situation all around.:toast:
Neteller Funds
Neteller Funds
Have about 2K in my account (which has been closed). Any body think well ever see this cash again?
Greenman
Neteller Funds
Have about 2K in my account (which has been closed). Any body think well ever see this cash again?
Greenman
