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Online Casino Conditions >>> Betting News >>> March News


Online Payment Processor Neteller Acquires More Legal Help

by Colby Lewis, News Staff
Writer      Bookmark with del.icio.us
March 13, 2007
 

Amidst a growing surge of criticism, Neteller has recently engaged the counsel of the world's largest legal firm - Clifford Chance. Following repeated brutish treatment by the U.S. Department of Justice, who does not seem to be letting up despite Neteller's profound cooperation, or rather, Neteller's willingness to lay prostrate on the floor only to be walked upon, it seems the Isle of Man eCash and online casino deposits processor has had enough.

A news report in Legal Week last week confirmed that Neteller is now getting legal assistance on both sides of the Atlantic. John Carroll and Warren Feldman are handling the heated pressure in the U.S., while Clifford Chance lawyers, Jenine Hulsmann and David Lewis are now holding calls in England. The fact remains that thousands of online gamblers still have not received their money, part of which has been confiscated by the Department of Justice while Neteller was supposedly trying to honor withdrawal requests immediately following the arrest of Neteller's non-active founders.

It was the arrests of Neteller's founders in January that triggered an avalanche of panic, from not just Neteller, but account holders as well. And while Neteller certainly has a right to be concerned, they are being criticized for initially taking their time at getting funds transferred and for bowing down to U.S. authorities whose case many say is not even legally sound. Neteller's founders, who both no longer hold any executive position with the company, are still awaiting word on whether they will be criminally tried.

In the meantime, Neteller's shares on the Alternative Investment Market of the London Stock Exchange are still being suspended. Perhaps now with some more heavy-weighted legal representation, Neteller will be making a stand to end this mess once and for all, and get money back to the online gamblers who have been waiting far too long without it. Neteller is still being accepted at online casinos who are processing players residing outside of the U.S.

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