It has been quite a long time since we have reported on the online casino wallet, Neteller, or rather, the Neteller crisis. After the sixth court continuance in the trial of Neteller's founders, Steve Lawrence and John Lefebvre - both of whom were no longer active with Neteller at the time of their arrests - it became apparent that a resolution was not going to happen overnight. Considering the large amount of money that is at stake, the entire case has been a nightmare for many online gamblers.

Now, adding a little more drama to the case, Neteller has announced they will not have their annual audit reports prepared for shareholders in time by the June 30 deadline as stated by Rule 19 of the London Stock Exchange's Alternative Investment Market (AIM). Pinned on the ongoing investigation and apparent hassles which the U.S. Department of Justice is subjecting Neteller to, the company says it has not been in a position to finalize its end-of-year fiscal statement.

Although it is certain that Neteller has taken an enormous financial hit, nobody knows just how big of hit it was, and how it will play out in the future. Currently, all of Neteller's ordinary shares are still suspended from trading on the AIM and $55 million of online gambling funds from U.S. account holders are still frozen as the investigation continues forward. There is still no word on the status of a new debit card that would apparently replace current inactive cards and supposedly help account holders retrieve their frozen online gambling funds. However, Neteller is hoping this will be right around the corner.

Negotiations with the U.S. Department of Justice are planned to be wrapped up by July 13, after which time Neteller hopes to have finalized their annual audit report. Just what will happen as a result of Neteller's non-compliance with Rule 19 of the AIM Rules is yet to be determined. In all likelihood, the company should be given some slack considering their legal circumstances. As of this moment, Neteller has stopped processing online casino payments and withdrawals for the Canadian, American and Turkish sectors.