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FBI freezes funds of 'virtual wallet' web payment firm
Guardian UK ^
| Feb. 6, 2007
| Simon Bowers
Posted on 02/06/2007 1:16:35 PM PST by seacapn
The FBI has frozen funds held in customer accounts at Neteller, the "virtual wallet" payment processor, as part of its case against the firm's two Canadian founders who were last month arrested and charged with racketeering and money laundering.
Neteller refused to disclose how much had been frozen but company filings make clear huge sums were flowing between its US customers' "e-wallets" and online merchants - particularly gambling websites - up until the firm was pressured to close its American operations in the wake of last month's arrests. Over a six-month period last year the company processed transactions worth $5.1bn (£2.6bn), with about 85% involving US customers.
Article continues Less than three weeks ago, Neteller said in a statement to the stock exchange: "The funds of US resident customers are held in segregated trust accounts and are fully secure and will be available for withdrawal by customers on demand."
Since then, advice on the group's website makes clear customer withdrawals have now been blocked.
(Excerpt) Read more at guardian.co.uk ...
TOPICS: Canada; Crime/Corruption; Government; News/Current Events
KEYWORDS: gambling; internetgambling; neteller; poker; wot
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To: TADSLOS
"A government big enough to give you everything you want is a government big enough to take from you everything you have."- Pres. Gerald Ford
21
posted on
02/07/2007 8:12:15 AM PST
by
Dr.Deth
To: discostu
THIS is the kind of stuff you need to be worried about.
22
posted on
02/07/2007 8:13:09 AM PST
by
RockinRight
(What I want in '08: Gingrich's politics, Reagan's appeal, and Tancredo's immigration stance.)
To: Phantom Lord
That's not the point. It's stupid, nanny-state sh*t like this that turns people off to "conservatism."
23
posted on
02/07/2007 8:13:49 AM PST
by
RockinRight
(What I want in '08: Gingrich's politics, Reagan's appeal, and Tancredo's immigration stance.)
To: RockinRight
THIS is the kind of stuff our government messing with the clocks enables. Every overreach fuels more overreaches.
24
posted on
02/07/2007 8:16:53 AM PST
by
discostu
(Feed her some hungry reggae, she'll love you twice)
To: discostu
Kinda like how driving fast causes your children to watch porn.
25
posted on
02/07/2007 8:17:52 AM PST
by
RockinRight
(What I want in '08: Gingrich's politics, Reagan's appeal, and Tancredo's immigration stance.)
To: RockinRight
More like how they used federal road money to make the states change their speed limits and drinking age. Government overreaches live on incrementalism, at one point they thought an income tax rate of over 1% would cause rebellion, but eventually people grew to accept that tax rate so they creeped it up, and up and up. In 100 years they moved Tax Freedom Day from Jan 22 to May 3, that's how an ever more intrusive goverment works.
26
posted on
02/07/2007 8:24:50 AM PST
by
discostu
(Feed her some hungry reggae, she'll love you twice)
To: discostu
I don't disagree with any of that.
I just don't think something as innocuous as DST has much to do with it.
27
posted on
02/07/2007 8:27:52 AM PST
by
RockinRight
(What I want in '08: Gingrich's politics, Reagan's appeal, and Tancredo's immigration stance.)
To: Phantom Lord
Thanks to Mr. Frist I now have to spend time with my wife and kids at night instead of spending that time online playing poker
Don't worry, Phantom. You can still play Bingo and give away your money at Vegas Night at your local church. Bunch of Damn Hypocrits!!!
.
28
posted on
02/07/2007 8:31:34 AM PST
by
mugs99
(Don't take life too seriously, you won't get out alive.)
To: RockinRight
But the fact that you would call the government changing what time it is to suit its agenda (remember the primary function of all this is because it supposedly reduces energy usage, any other "benefits" you get are besides the point) innocuous is just proof that DST has a lot to do with it. They're telling you to change your clock so that you will use less electricity, which you're paying for anyway so it's really none of their business how much or little you use. That's big government intrusion.
29
posted on
02/07/2007 8:34:20 AM PST
by
discostu
(Feed her some hungry reggae, she'll love you twice)
To: RockinRight
That's not the point. It's stupid, nanny-state sh*t like this that turns people off to "conservatism."
It was the straw for me. Went from lifetime Republican to Libertarian.
Only America and Communist China claim that online gambling is a threat to the morals of their nations...What's next on the 'conservative' agenda?
.
30
posted on
02/07/2007 8:47:26 AM PST
by
mugs99
(Don't take life too seriously, you won't get out alive.)
To: seacapn
The only difference between Democrats and Republicans is which rights and freedoms they want to take away.
31
posted on
02/07/2007 10:52:13 AM PST
by
LeGrande
To: mugs99
This is what they are: Neo-communists...
http://www.individualistvoice.com/vazsonyi.html
"Vazsonyi lived under two kinds of socialist dictatorships, first the Nazis and then the Soviets, until escaping to America in 1956. He was shocked to see emerging in mid-1960s America the very things he fled. Vazsonyi writes that the present situation "must count among the most amazing spectacles of history to be inundated with the rhetoric, theory, and practice of communism, and see not one communist around. We read and hear daily about class warfare, universal health care, speech codes, sensitivity training...the list goes on and on."
32
posted on
02/07/2007 1:19:47 PM PST
by
383rr
(Those who choose security over liberty deserve neither- GUN CONTROL=SLAVERY)
To: 383rr
"The neo-communists learned their lessons from the old communist failures and are waging an extensive, incremental, and well-organized philosophical war against individual freedom that targets virtually all facets of American life."...Vazsonyi
Looks like the neocons are actually neocoms!
Great link...thanks!
.
33
posted on
02/07/2007 4:42:42 PM PST
by
mugs99
(Don't take life too seriously, you won't get out alive.)
To: mugs99
I came across that link a couple of days ago, on speakeasy forum.
I haven't yet read a piece that hits closer to the truth than this one.
34
posted on
02/07/2007 5:43:07 PM PST
by
383rr
(Those who choose security over liberty deserve neither- GUN CONTROL=SLAVERY)
To: 383rr
Yeah, it's right on!
Back in the sixties, the Birchers were warning that America was falling to communism. Everyone laughed at them... Everything they predicted has come true.
35
posted on
02/07/2007 8:36:51 PM PST
by
mugs99
(Don't take life too seriously, you won't get out alive.)
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