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February 4, 2007 at 1:05 am #600580AnonymousInactive
In a quote to USA Today an FBI agent said the money was being held by the DOJ. Neteller says they are holding all the money in a ‘safe’ location. Later on, the same FBI agent refused to back up his statement regarding the funds and would make no further comment. Neteller has yet to file any kind of paperwork stating they were required to turn over the money, which I think they have to do.
So I wanna know….. who has the damn money??? Who ever it is needs to come out and say so.
I don’t have a dog in this fight, by the way, a smart person advised me to get it out as fast as possible, which I did just in the nick of time. But it just galls me that no one is being upfront about where this money is and a timeframe for disbursement. If the DOJ hasn’t got it, and I really don’t see how they could, then Neteller needs to pay some of their people overtime and start cranking out money orders; not holding on to the money and collecting interest to pay lawyer fees!!! I guess it’s easy to be angry and yell for justice when you don’t have anything at stake, but I honestly think I would be screaming the same thing if I did have money tied up, be it $10 or $10K. They have to be holding a whole chunk full of cash.
I could just imagine making a deposit to them saying… don’t worry, the money is really there, I’m just holding it for you in a safe location. See how well that would float with them. Stock holders would be getting calls in the middle of the night….. excuse me… but have you seen my 10 Thousand Dollars lately????
February 4, 2007 at 12:17 pm #725772AnonymousInactiveIt appears that US banks are not accepting any Neteller money which means that the usual ways of routing it to US citizens are not viable anymore.
So it is in limbo and no one know what solution will be found and when.
That’s my take. Just my opinion. Don’t bank on it!
February 4, 2007 at 1:01 pm #725773AnonymousInactiveI’m reading headline after headline that says ‘DOJ has frozen Neteller funds’. When I check into the story, it all comes back to the one FBI agent who made the first statement and then refused to comment or say anything further. I think this was done and is being perpetuated as a type of ‘fear factor’ by the DOJ but what really concerns me is it’s being aided by Neteller.
Dom, you’re a smart person. Why couldn’t they use money orders? You can buy them and you don’t even have to say who the intended recipient is for. I believe there is something rotten in the state of Denmark, or in this case, Canada.
February 4, 2007 at 1:10 pm #725774AnonymousInactiveI wonder how many accounts are actually frozen. My guess is many, many.
Buying these money orders and mailing them to the correct recipients without names on them would seem a logistics nightmare to me.
February 4, 2007 at 1:25 pm #725776vladcizsolMemberThere are two plausible explanations:
1. Neteller is under court order to hold the funds pending the resolution of any legal actions that are occuring. This would explain the “FBI seized Neteller funds” angle and why there is no further comments. The DOJ/FBI generally dont comment about court actions that are under way.
2. Neteller has the funds in an interest bearing account and are collecting the interest on untold millions of dollars in funds. This could be a significant amount of income and they may view this as a necessary evil to pay for legal defense and to survive the loss of business that has occured as a result of the loss of the US market.
Neither one help us get our money any faster, but both seem believable to me.
February 4, 2007 at 2:08 pm #725778AnonymousInactiveThats the ?. The best thing that can happen now is to find out the DOJ has their hand in it. Then the ACLU takes up the fight and sues the DOJ to relinquish the funds. If we never get our $$ back this is the first time in American History the US Gov’t has taken Americans property in such a grandious manner and confinscated it without Due Process. This is a BAD Precident to be starting. If this ultimately flies what else can the Government do to the US Citizen w/o proper Due Process? Seems a pandoras box of potential abuse here. Sure put’s a persons “Freedom” in check!
February 4, 2007 at 2:54 pm #725783AnonymousGuestSure put’s a persons “Freedom” in check!
your freedom has been in check for a long time.
February 4, 2007 at 3:24 pm #725786AnonymousInactiveActually, I think it’s time a few Senators and Congressmen started asking some questions. That is their job and it would be a way to enter the good graces of the online gambling public without actually endorsing the action.
February 4, 2007 at 4:31 pm #725797AnonymousGuesta friend made the point that if the DOJ had the money … there’d have been no chance for peer to peer transactions, which i I realize are no longer .. but they weren’t prevented at the same time the withdrawal options were closed to us.
February 4, 2007 at 8:01 pm #725816AnonymousInactivebb1webs wrote:your freedom has been in check for a long time.LOL, man. So nicely said.
I’d could take that and pontificate my arse off, but I’ve wasted way too much of my life on that subject. But yeah, at some point, you either have to accept your enslavement – or resolve to go live off the land someplace… land that some government someplace will claim jurisdiction and/or ownership over.
Quote:Actually, I think it’s time a few Senators and Congressmen started asking some questions.If any of them ask anything, they will probably be asking why the money hasn’t been confiscated yet.
I would think Neteller would love to release the money. This is killing their reputation within countries where they are still conducting business.
February 4, 2007 at 9:05 pm #725819AnonymousInactiveOneguy2nv wrote:If any of them ask anything, they will probably be asking why the money hasn’t been confiscated yet.I would think Neteller would love to release the money. This is killing their reputation within countries where they are still conducting business.
I don’t know… they’d have to weigh increasing the public opinion of politicians plus the thrill of nailing the DOJ again (they love to do this) so soon after they got the files for warrentless wiretaps versus their own corruption and greed. To be honest, you’re probably right and the corruption/greed part would win out. But I think it would be kind of ironic to have politicians investigate a problem that other politicians created from an abuse of power. Sounds to me like something they would love to do.
I do not agree that Neteller would love to release the money. I think they’re in a position to do that right now. They want to hang on to that money because IMO they’re going to belly up just as soon as they can. Their problem is they are a publicly held corporation so are answerable somewhat for their actions. Why would they go belly up? Because they have another ewallet in the background, just waiting to step up, and we are the ones promoting it.
I’ve been searching for a post by greedygirl but I can’t locate it. I may have the name of the e-wallet wrong (if so my apologies) but I know I have the general statement correct. She said that either ECOcard or epassport was purchased by Neteller (I’m sorry I can’t find the post, help me out greedy!). Did this just go over everyone’s head? Neteller North America, Neteller Asia, Neteller Bumfuk, different branch, different name… it’s all the same. Are we really so desperate to find an e-wallet that we’ll put our money into the hands of the same people who are holding millions of American dollars ‘in trust’?
February 4, 2007 at 9:11 pm #725820AnonymousGuestAre we really so desperate to find an e-wallet that we’ll put our money into the hands of the same people who are holding millions of American dollars ‘in trust’?
exactly why I’m so hesitant and in fact have not promoted on my sites any new ewallet solutions. Owned by neteller or not; I don’t think i trust any of them with my reader’s money (or my own).
prepaid credit cards at least allow the option to spend the money elsewhere (if necessary) in case they are no longer allowed for gambling.
withdrawals from casinos can easily be accomplished by check as long as the casino isn’t stupid enough to plaster their name all over the check. No bank is going to deny a check written on a bank from .. costa rica for instance, .. as long as it doesn’t know the check came from a casino. in other words. write the check off an account for …. online entertainment inc. for instance.
February 4, 2007 at 9:29 pm #725821AnonymousInactiveI tend to think the money is being held in trust as they say it is.
If it weren’t, they would not publish that on the site as they have.I also think they would like to just clear it all up, but they might feel like they need the OK from a court to do so.
I’m strictly guessing as we all are at this time.I would maintain that monies going out will somehow get approved.
Even the DOJ would want the money returned, asap.If the states have essentially cut them off, then they probably do need some sort of agreement, or approval to clear it all out.
All that said, what bothers me is that they could easily just offer to reverse however many transactions it takes to clear the balance to the casinos, and let everyone work it out from there.
In our case, it’s all advertising payments, not gambling winnings, and I still maintain there’s no real issue with this. American, or not.
I see nothing that would prevent them reversing the payments, and actually, it’s probably the right way for them to do it at this point.February 5, 2007 at 3:52 am #725860AnonymousInactiveQuote:the corruption/greed part would win out. But I think it would be kind of ironic to have politicians investigate a problem that other politicians created from an abuse of power.They do that often. Unfortunately, they do it for politcal gain. They don’t do it in an effort to “make things right” and they typically don’t make attempts to prosecute. Why? Because they’re all in the same club, and they would all prefer public ridicule to legal prosecution. OOOOPS, Senator, you weren’t sneaky enough! haha. See you at the country club.
Quote:I do not agree that Neteller would love to release the money. I think they’re in a position to do that right now. They want to hang on to that money because IMO they’re going to belly up just as soon as they can.Agreed. I didn’t really say it, but I definitely think you have a point there.
CPA wrote:I see nothing that would prevent them reversing the payments, and actually, it’s probably the right way for them to do it at this point.Yeah, that is troubling. Fortunately for me, my interest is academic. I think they won’t survive this. I think they aren’t liquid enough to pay, even if they didn’t have other restraints.
February 5, 2007 at 6:23 am #725892freddypmMemberif neteller stay open, they will need their new core market (europe) to stick with them.
If any of this money holding was avoidable, im pretty sure they have lost every customer from any of my sites, and hopfully everyone that has any sense.
Im about to email them for the 4th time in 2 weeks, all with no reply, saying “please answer, wheres my money”:notify:
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