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Class Action Lawsuit Against NETeller

Now as it looks like the NETeller saga is coming to an end, United States online casino players are banning together and planning legal action against the e-wallet NETeller because accounts have been frozen since January of this year, and many just don’t believe that NETeller has place release of the funds as a high priority. The Unlawful Internet Gambling Enforcement Act is responsible for the freeze that NETeller initially placed on the accounts, but now, eight months later, online casinos players are simply losing patience and no longer willing to wait for the release of funds and are gathering support for a class action lawsuit against NETeller.

The U.S. Attorney’s Office has just brought conclusion to the federal legal action that resulted in criminal charges against NETeller and the company’s agreement to forfeit nearly a billion dollars in illegal revenue from online casinos and betting activities. NETeller co-founders were arrested earlier this year because they purposefully and deliberately laundered money and enabled offshore online casino gambling in direct violation of the UIGEA.

Many frustrated NETeller account holders have met in a Yahoo! group chat-room to discuss the situation and brainstorm ways the online casino players affected can re-coup the US $94 million of frozen player accounts. Part of the recent frustration came on the heels of an official announcement from NETeller that the company has no plans to pay interest on the money that has been frozen – when the company does release the funds players will only get back the amount in the account.

Once talk of the class action lawsuit began, some suspect that representatives from the online casino e-wallet are infiltrating the Web group and attempting to discourage the forming of the Class Action litigation. Currently the U.S. players who fromed the idea for the lawsuit are encouraging any and all disgruntled players with frozen funds to join the litigation and put money toward the group’s plan to retain a lawyer and begin the lawsuit soon.

Part of the message for group members looking into joining the lawsuit against the online casino e-wallet “"Our initial membership in the first phase is 150 members. Going forward, we will open the lawsuit to all US Neteller customers once we have established momentum securing a legal fund and international representation."