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BREAKING NEWS: NETeller no longer allows U.S. transactions to I-gaming sites

17 January 2007

By Aaron Todd

Two days after its founders were arrested and charged with money laundering, NETeller announced that it will no longer allow American customers to transfer money to and from Internet gambling companies.



"Due to recent US legislative changes and events, effective immediately, US members are no longer able to transfer funds to or from any online gambling sites," the popular e-wallet's Web site read on Wednesday night.



"All US members will continue to be able to use their NETELLER e-wallet account to safely transfer funds to and from non-gambling merchants and are not required to close their account or withdraw their funds."



NETeller founders Stephen Lawrence and John Lefebvre were arrested on Monday. Lefebvre was released on $5 million personal-recognizance bail on Wednesday morning. NETeller suspended its "Instacash" option to U.S. players yesterday.



NETeller has set up a Web page with answers to frequently asked questions for its customers.


BREAKING NEWS: NETeller no longer allows U.S. transactions to I-gaming sites is republished from Online.CasinoCity.com.
Aaron Todd

When he's not slaving away at Casino City, home-game hotshot Aaron Todd plays in a semi-regular poker game with his friends in the Boston area. While he is happy to play Texas Hold'em, he'd rather mix it up and include lesser-known games such as Omaha Hi/Lo, Razz, Deuce-to-Seven Triple Draw, and (his personal favorite) Badeuci.

After graduating from St. Lawrence University, Aaron worked in media relations for several college athletic departments. When he grew tired of long nights and weekends watching college sports in leaky press boxes, he decided to spend long nights and weekends watching professional card players in stuffy poker rooms.

A native of a small town in New York just south of Ottawa, Aaron lives in Needham, MA with his wife and son. Write to Aaron at aarontodd@casinocity.com.