Neteller promises funds back to customers
In an official press release NETeller, the excessively
publicized payment processor, has announced that it has
signed agreements with the United States Attorney’s Office
for the Southern District of New York (USAO) and Navigant
Consulting, a consulting firm providing litigation,
financial, healthcare, energy and operational consulting
services. The announcement marks the beginning of a
process to redistribute frozen funds to its former
customers. The agreement was signed on March 20th and will
outline terms and a timeline under which NETeller will
organize the distribution of funds to its US customers. The
statement details that the group hopes to outline the
specific details of this plan within the next 75 days. In
the meantime Navigant will provide a report to the USAO on
the Group’s current financial condition in accordance with
their agreement. Ron Martin, Group President and CEO says,
"We continue to be committed to returning funds to our US
customers and working with the US Attorney's Office".
"Progress, while not always visible to the outside observer,
has been steady and these agreements mark a milestone in our
progress." Neteller founders,
Stephen
Lawrence and John Lefebvre were arrested in January of
this year on a charge of conspiracy to transfer funds with
the intent to promote illegal gambling. Their court date has
again been postponed and now is set for April. Posted:
April 12, 2007 |
