NETeller Resolution at Last

August 21, 2007

Those that have been waiting patiently for some kind of decision on the NETeller case will get what they have wanted. The United States Attorney�s office in Manhattan has finally reached a deal with NETeller and consumers will soon be able to get their online gambling money back from the company.

Hundreds of thousands of online gamblers have been waiting for months to get their funds back from the government and from NETeller � with the company trying to return them only being unable to. The government had seized and frozen all of the accounts, so NETeller had been working to find a solution that would help their clients.

With their online gambling clients finally able to get a hold of their money, there has been a run on the company � with more than $70 million already withdrawn. The case has been played out in the media for months, with the government requesting delay after delay, and then finally the online gambling clients saying that they were going to seek legal action to get their funds. It seems that they will no longer have to do that, but waiting for a resolution in this case has been extreme to say the least.

More than 250,000 online gambling accounts have been frozen since January, when the company�s founders were arrested by the government. The company still does business in countries where it is legal, and they are also considering coming back into the US only in a non online gambling capacity.
 

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