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Professor wrote:This obviously was a fight the US wanted or they would have never arrested the Neteller founders. Of course they are going to defend themselves and yes they have the money to hire competant legal representation. Nothing shocking here. I doubt this caught the DOJ by surprise.
So very true, look at this like a game of chess. What the DOJ has done, has been played out in the backrooms for a while now. It was well co-ordinated, from arrests, to subpoenas. I am sure they are feeling quite smug, and have taken all most probable scenarios into consideration.
Consider this scenario, arresting the Neteller founders, and then losing the court battle to the Neteller founders. This is still a HUGE win for the DOJ. The Neteller arrests have already had huge repercussions in the industry, with Neteller and other payment processors pulling out of the US – a win for the Neteller founders does NOT necessarily mean payment solutions will return to the US as the DOJ has made its stance clear.
Arresting the Neteller founders also sends a message to all operators, and past operators, its not safe to travel through here – because we will arrest you, and even if we lose the court battle, your arrest has already had the desired effect.
The DOJ is sitting pretty, with 2 arrests having a huge ripple effect through the entire industry.
I am not an optomists by far, but the possibility for case law here is fantastic.
