Arrests Deal Huge Blow to Online Gambling

NETeller founders John Lefebvre and Stephen Lawrence were arrested and charged with processing gambling proceeds. The pair illegally handled and processed billions of dollars generated from online gambling. Details for the arrest are unclear but it is known that prosecutors are pushing for a maximum sentence of up to 20 years. Many popular online gambling websites (Full Tilt Poker, PartyGaming, Pokerstars and Sportingbet) rely on NETeller, a business that operated in the Isle of Man (away from U.S. jurisdiction), for processing payments from customers.

News source: DailyTech

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