NETeller hearing scheduled for Friday

NETeller co-founders Stephen Lawrence and John LeFebvre are scheduled to appear in court on Friday, but that doesn't mean a hearing will take place, said Rebekah Carmichael, a spokesperson for the Southern District of New York U.S. Attorney's office.

One of three things can happen in the time period between being charged for a crime and being indicted on the charges, Carmichael said. The charged person(s) can be indicted, not indicted, or the decision can be extended.

The NETeller co-founders, who are being charged with a list of crimes that include money laundering, have seen their court date extended twice.

"Essentially it's a calendar place-holder," Carmichael said. "It means that one of those three decisions will be made by Friday."

FBI agents arrested the NETeller co-founders in January on money laundering charges in relation to the e-wallet's role in transferring U.S. funds with the intent to promote illegal gambling.

Both men have posted bail and are restricted to the Southern District of New York until the matter is settled.