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U.S. Prosecution Proceeds

Just last January NETeller co-founders Stephen Lawrence and John David Lefebvre were indicted in the United State on criminal conspiracy charges. Since that time, Lawrence was placed on a $5 million bail, and has been awaiting further action for months. At this same time, NETeller account holders have been patiently waiting for any more information in regards to both the trials, and the fact that NETeller accounts were frozen so all American online casino players who used NETeller have had no access to their accounts since January. Now though, more has happened in the NETeller saga in the last two weeks that has happened in the last several months.

NETeller co-founders were brought up on charges in the United States because the company primary service is processing electronic financial transactions between players and offshore online casinos – and that violates U.S. legislation that dates back even further than the recent Unlawful Internet Gambling Enforcement Act (UIGEA) which has now made any online casino gambling extremely risky business.

Lawrence just last week appeared before a federal courtroom and plead guilty to the criminal conspiracy charges he faces because of the servicing of offshore online casinos. In addition to the guilty charges, Lawrence is accepting some of the financial liability that the U.S. government seeks for restitution. And going beyond that Lawrence has also agreed to cooperate fully with the U.S. investigators who have been looking into NETeller’s operations for over a year now. Many speculate that Lawrence’s cooperation could mean a lighter sentence than the five year maximum he currently faces.

Says Lawrence in his guilty plea before the federal courtroom “I came to understand that providing payment services to online gambling Web sites serving customers in the United States was wrong.”