Friday, March 16, 2007

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Gov't needs third extension in NETeller case

By Erin Warner

Beleaguered NETeller founders John LeFebvre and Stephen Lawrence will continue to await their next day in court, after the U.S. government delayed the pair's hearing set for today, reports say.

The men, who have all but cut business ties with the online payment processing company, are charged with conspiracy to transfer funds with the intent to promote illegal gambling.

Both Lawrence and LeFebvre are out on bail as the U.S. builds its case against the company, which primarily made cash transfers to online gambling firms. If granted, this would mark the government's third extension of the trial.

Since the founders' arrest in January, NETeller has ceased operations in the U.S. and has seen the FBI freeze its American customers' personal accounts.

Nothing has changed on that front, with millions of dollars of players' money locked up by the U.S. government and NETeller customers growing increasingly restless for a resolution in the case.

Related Articles:

NETeller Court Date Looming
It's Official: NETeller Confirms Money Seizure
NETeller U.S. Customer Funds Frozen
NETeller U.S. Player Funds Safe, Secure

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