Friday, May 18th, 2007...11:56 am

Neteller Hearing Pushed Back Yet Another Two Weeks – For The Fifth Time!

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Neteller Locked Down

The Neteller saga continues. Now the hearing to determine if two NETeller co-founders will be indicted has been postponed for yet another two weeks.

A hearing had been scheduled for May 16th, but is now moved back to the first week in June according to MajorWager.com. This would represent the fifth postponement of the hearing.

Gambling911.com first broke the story in mid January that Stephen Lawrence and philanthropist John Lefebvre, both former directors of the Isle of Man-based third party payment solution, were arrested; Lefebvre in Malibu, California, and Lawrence in the US Virgin Islands. Both men were held on $5 million in U.S. bonds and later released but are not permitted to travel outside the United States.

The two were charged with racketeering and money laundering.

Since this time, NETeller representatives and the US Department of Justice have claimed that monies owed to US customers has been seized.

Two weeks off just happens to coincide with the release of the alleged “75 Day Plan”.The general sentiment is that there should have a concrete answer by then. Either, Yea or Nay; on the returns of the money and when it will occur.

Meanwhile, I’ve heard that Ecocard is taking deposits from U.S. gamblers and letting them fund their sports betting accounts with the funds. Needless to say – proceed with caution!

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