Tuesday, January 16, 2007

NETeller Founders Arrested at Their Homes

More information is slowly surfacing regarding the arrests of two NETeller founders. The company is the biggest third party money processing company catering to the online gambling industry.

John LeFevre, founder of NETeller, was reportedly taken into custody at his Malibu home during the early morning hours yesterday, Monday January 15.

LeFevre started the hugely successful company with Steve Lawrence in 1999 but retired in 2002 in Costa Rica. Steve Lawrence served as Chairman of Neteller until October 13, 2005.

According to Gambling911.com, both founders have houses in the USA, which is why they spend a great deal of time there.

Meanwhile, online gamblers who have become dependent on NETeller, fear for the worst. NETeller was one of the few publicly traded internet gambling related firms to continue doing business with US citizens.

Source: Gambling911.com

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