NETeller founder pleads guilty in gambling case

2 Jul 2007

NEW YORK -- As reported by Reuters: "A founder of payment processor NETeller pleaded guilty on Friday to a conspiracy charge over the handling of billions of dollars in illegal gambling proceeds.

"Stephen Lawrence, 47, during a hearing before U.S. District Judge P. Kevin Castel in Manhattan, also agreed to cooperate with the government.

"Lawrence, who is also a former chairman of the company, faces a maximum sentence of five years on the conspiracy charge for his role in the operation of the payment processor.

"NETeller co-founder and former President John Lefebvre was also charged in January. The case against him is still pending, the U.S. Attorney's office in Manhattan said in a statement..."

NETeller founder pleads guilty in gambling case is republished from iGamingNews.com.

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	NETeller founder pleads guilty in gambling case 2 Jul 2007 <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> NEW YORK -- As reported by Reuters: "A founder of payment processor NETeller pleaded guilty on Friday to a conspiracy charge over the handling of billions of dollars in illegal gambling proceeds. "Stephen Lawrence, 47, during a hearing before U.S. District Judge P. Kevin Castel in Manhattan, also agreed to cooperate with the government. "Lawrence, who is also a former chairman of the company, faces a maximum sentence of five years on the conspiracy charge for his role in the operation of the payment processor. "NETeller co-founder and former President John Lefebvre was also charged in January. The case against him is still pending, the U.S. Attorney's office in Manhattan said in a statement..." NETeller founder pleads guilty in gambling case is republished from iGamingNews.com.

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NETeller founder pleads guilty in gambling case