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

17 Jan 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.

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

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue Aaron Todd Home-game hotshot Aaron Todd was an editor/writer at Casino City for nearly eight years, and is currently the Assistant Director of Athletics for Communications and Marketing at St. Lawrence University, his alma mater. While he is happy to play Texas Hold'em, he'd rather mix it up and play Omaha Hi/Lo, Razz, Deuce-to-Seven Triple Draw, and Badugi. More about Aaron Todd More articles by Aaron Todd Related Links Paysafe
	BREAKING NEWS: NETeller no longer allows U.S. transactions to I-gaming sites 17 Jan 2007 By Aaron Todd <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> 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. BREAKING NEWS: NETeller no longer allows U.S. transactions to I-gaming sites is republished from iGamingNews.com.

Aaron Todd

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