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Neteller Making Deals

Filed in archive Internet Poker by David Aydt on March 23, 2007

Neteller Making Deals
I'm not broken by the currently frozen cash sitting in my Neteller account, but as many smaller stakes players "it would be nice to have". Unlike the extreme cases of Isaac Haxton who shows little emotion during this interview with PokerNews, I'm not out the amount of money that would make me want to beat down any doors for choking my ability to play poker.

But there should be outrage for having funds that are rightfully ours yet sit in a frozen account due to some arrest that have only a dotted line relationship to the company.

Hope for the release of these funds is coming in the form of a settlement to give back the players who view their Neteller accounts as their lifeblood for slinging cards across the virtual felt. As reported by several sites, Neteller has released a statement that settlement of the frozen accounts will be done within the next 75 days.

Below is a piece of the offical statement from Neteller (hat tip to Wicked Chops and Maudie):

Wednesday, 21 March 2007 - The NETELLER Plc Group (LSE: NLR), the leading global independent online money transfer business, today announced that it has signed agreements with each of the United States Attorney's Office for the Southern District of New York ("USAO") and Navigant Consulting, Inc. ("Navigant").

On 8 February 2007, the Group announced that it was in discussions with the USAO to manage an orderly return of funds to US customers and that it was contemplated that a forensic accountinglinks firm would be engaged, at the Group's expense, to assist in this process and to examine the Group's financial position.

The Group is pleased to announce that on 20 March 2007, it signed agreements with the USAO and Navigant which, among other things, outline terms and a timeline under which NETELLER will work toward the orderly distribution of funds to its US customers. Per the agreements, the Group anticipates that within the next 75 days it will announce a plan by which the funds will be distributed to US customers. Navigant will also provide a report to the USAO on the Group's current financial condition.


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Tags: Neteller  poker  2007  neteller  gambling  neteller+making  making+deals  april+2007 

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