US Arrests Founders of Neteller Regarding Processing of Internet Gambling Transactions
Posted by: Andy Lustigman
January 17, 2007

The founders of Neteller --  Stephen Lawrence and John Lefebvre a publicly-traded UK online payments company, were arrested in connection with a multibillion-dollar money laundering indictment linked to Internet gambling.  According to published reports, the government has charged that the pair set up Neteller in 1999 with the express purpose of providing online payment services to gambling companies and that between 2000 and 2003 Neteller offered payment services to various Internet gambling companies so that they could illegally access customers in the United States. This prosecution is part of the United States Department of Justice's growing effort to challenge Internet gambling involving United States residents.

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