Neteller Founders Charged
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A statement from the office of Michael Garcia added that Lawrence and Lefebvre had been arrested in connection with the “creation and operation of an Internet payment services company that facilitated the transfer of billions of dollars of illegal gambling proceeds from US citizens to the owners of various Internet gambling companies located overseas.”
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One day after their arrests in opposite corners of the United States, NETeller founders Steve Lawrence and John Lefebvre were charged with money laundering, as announced by the US Attorney General’s office in New York. Both men are Canadian citizens.
The arrests come less than a week after Pinnacle Sports, a popular online sports book, announced its voluntary exit from the US market.
In a statement released earlier today, Neteller said neither Lawrence nor Lefebvre held any current position within the company. The statement added that the group had not received any communication or correspondence from any US authority regarding this or any related matter.
Lefebvre left Neteller in December 2005. Lawrence left in October of last year, shortly after the passing of the Unlawful Internet Gaming Enforcement Act (UIGEA).
It is unknown what impact the arrests will have on NETeller and the online gaming industry as a whole.
January 16, 2007
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