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February 9th 2007
NETeller confirms FBI seized $55 million of US customers’ money

The third-party payment processor NETeller have confirmed that the US authorities have seized roughly $55 million in funds belonging to US based customers.


According to a statement released by NETeller last night most of the money was en route to the US residents to whom it belonged when it was seized by the FBI. NETeller added that no US customers would be able to withdraw money until further notice.

 

Meanwhile NETeller have agreed to cooperate fully with the government’s investigation in alleged money laundering by the company’s two Canadian directors John Lefebvre and Stephen Lawrence.

 

So far no charges have been made against any current NETeller employees (Lefebvre and Lawrence had stepped down as executive directors in 2006) although the company cannot be sure none will be made in the future.


Submitted: 09/02/2007 12:04:35

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