Neteller Company Announces

[Manne]

The Company is using its best efforts to allow withdrawal requests as soon as possible and US customers will be able to sign in to their NETELLER account to request the withdrawal of their funds by no later than 30 July 2007. The exact date upon which US customers will be able to make requests will be communicated to US customers via email and through our website.

NETELLER agrees that it will pay an amount to the United States totalling US$ 136 million which is disgorgement of certain profits received by NETELLER from the activities described in the Statement of Admitted Facts. This amount includes the approximately US$ 60 million that the USAO has previously seized. NETELLER agrees that it will satisfy the remaining portion of its forfeiture obligation with a payment of US$ 40 million to be paid on or before 15 October 2007, and the remaining balance (approximately US$ 36 million) to be paid on or before 17 January 2008.

(US customers are going to get their funds back soon)

Further details will be announced as and when they become available!

[mike]

Very good NEWS Thanks!!

[Manne]

Neteller will tell US authorities all it knows about the gambling industry. As it processed payments for 85% of online gambling firms, it may have a lot to tell.


Read more: Payment Processor Neteller cuts deal with the US