Neteller Founders Charged With "Laundering" Billions - GoFuckYourself.com

BoyAlley · 01-17-2007, 03:07 PM

Quote:

Two founders of a company which processes Internet gambling transactions were arrested and charged with laundering billions of dollars in gambling proceeds, federal prosecutors announced

And even more interesting these guys were both Canadian citizens:

Quote:

"Criminal prosecutions related to online gambling will be pursued even in cases where assets and defendants are positioned outside of the United States."

All the world are belong to the morality police in the USA!

http://www.iht.com/articles/2007/01/...ess/gamble.php

JD · 01-17-2007, 03:08 PM

what the fuck?! Just one step closer to "The Federation"

bareskin · 01-17-2007, 03:11 PM

ouch thats gonna hurt with bubba probing there asses

SinisterStudios · 01-17-2007, 03:25 PM

All hail Furror Bush, err i mean President Bush

$5 submissions · 01-17-2007, 03:29 PM

Quote:

Originally Posted by SPeRMiNaToR

what the fuck?! Just one step closer to "The Federation"

Or fucked up BORG ASSIMILATION. Geez.

crockett · 01-17-2007, 03:33 PM

Anytime I see this kind of quote:

"FBI Assistant Director Mark J. Mershon said the multibillion-dollar online gambling industry was "a colossal criminal enterprise masquerading as legitimate business."

I always think they are full of shit and trumping up BS charges to make it sound like something more than what it is. It's the same shit they do when they go after adult companies.. They use catchy terms like racketeering and other BS charges.

starpimps · 01-17-2007, 03:35 PM

lol those guys were from calgary it think sucks to be them after the new bill eh

breaker · 01-17-2007, 03:40 PM

Epassporte next up? I've used epass to load my partypoker account so they are also doing the same "criminal act".

Jman · 01-17-2007, 03:41 PM

Welcome to yesterdays news BA.

BTW should I look for someone else for a gay co brand?

spinner · 01-17-2007, 03:42 PM

Ouch, Neteller seemed like such a legitimate company.

Webby · 01-17-2007, 03:43 PM

That is kinda funny in a way. The usual attempted exaggeration by prosecutors "laundering billions of dollars" blah blah...

The truth is both individuals were operating a legal entity while the US government is still not in compliance with WTO judgements over restrictive trade practices in inhibiting movements of gaming funds across borders - yet still attempts to claim "money laundering".

But hey... we are talking about a rogue regime who can't comply with treaties it ratifies and where the government are fucking useless - so no surprise.

Webby · 01-17-2007, 03:44 PM

Quote:

Originally Posted by spinner

Ouch, Neteller seemed like such a legitimate company.

Neteller are a legitimate company in the eyes of the rest of the world - it's just a local US "issue" again

Jman · 01-17-2007, 03:45 PM

Quote:

Originally Posted by spinner

Ouch, Neteller seemed like such a legitimate company.

What's scary is I know people that do couple of 100 grand in transaction a month with neteller.

Rhesus · 01-17-2007, 03:47 PM

There will be a day that the US bumps into itself with such an arrogant stance.

I hate the hypocrisy in these press releases, just anything to play the media and public opinion!

Manowar · 01-17-2007, 03:47 PM

holy shit

Webby · 01-17-2007, 03:51 PM

Quote:

Originally Posted by breaker

Epassporte next up? I've used epass to load my partypoker account so they are also doing the same "criminal act".

You may have a point there. Always thought about the "biz model" of Epass and it was not problem free - regardless of any claims.

You got a few US citizens involved and operating an offshore enterprise while remaining resident in the US - that is a very basic core problem. If the manager of the Royal Bank of Canada can be "kidnapped" on a US stop-over from Grand Caymen to Canada - Epass are a walkover..

scoreman · 01-17-2007, 03:55 PM

Bond has been set at $5 million for the Neteller guy who lived in Malibu. Since Neteller allegedly processed $7.3 billion in 2005 with 95% being gambling transactions, it would not surprise me if this guy easily makes bail and then finds a way to disappear.

Brad · 01-17-2007, 03:59 PM

I don't get this case...it is the US players who are backing this recent Poker craze right? They advertise the shit out of it all over the US and Canada and probably everywhere else and then they turn around and punish the people who are making money with it how does this make any sense? Is the problem just that the money - which by the sounds of it is primarly US - is leaving the country? or is there another problem here? Anyone know what the main issues are in the case?

BradM · 01-17-2007, 04:01 PM

Why would they even travel to the US? If I was worth that much I'd buy a nice small (500 acres) plot of land and just retire there.

Rhesus · 01-17-2007, 04:01 PM

Quote:

Originally Posted by Adult Lounge - Brad

I don't get this case...it is the US players who are backing this recent Poker craze right? They advertise the shit out of it all over the US and Canada and probably everywhere else and then they turn around and punish the people who are making money with it how does this make any sense? Is the problem just that the money - which by the sounds of it is primarly US - is leaving the country? or is there another problem here? Anyone know what the main issues are in the case?

You have a lot of reading to catch up on, starting around oct 13th...

Lazonby · 01-17-2007, 04:01 PM

People who work or have worked in the online gambling business will know that the vast majority of it is corrupt.

Rhesus · 01-17-2007, 04:02 PM

Quote:

Originally Posted by BradM

Why would they even travel to the US? If I was worth that much I'd buy a nice small (500 acres) plot of land and just retire there.

They both had houses in the US. Perhaps a bit naive, but nothing compared to the actions taken by the US govt.

Rhesus · 01-17-2007, 04:04 PM

Quote:

Originally Posted by Lazonby

People who work or have worked in the online gambling business will know that the vast majority of it is corrupt.

If anything is corrupt here in this story, it's people like Bill Frist and other government officials. Neteller is a legitimate business.

Webby · 01-17-2007, 04:20 PM

Quote:

Originally Posted by Adult Lounge - Brad

I don't get this case...it is the US players who are backing this recent Poker craze right? They advertise the shit out of it all over the US and Canada and probably everywhere else and then they turn around and punish the people who are making money with it how does this make any sense? Is the problem just that the money - which by the sounds of it is primarly US - is leaving the country? or is there another problem here? Anyone know what the main issues are in the case?

From what has been presented to the WTO by US "reps" - they want to make as many laws as possible to stop US citizens gaming. The purpose is to defend the existing gaming industry in the US.

In 2003 there was a case raised by the World Trade Org with the US on one side and Antigua, Canada, the UK and a few other countries on the other. This issue was restrictive trading with regard to movements of funds used in gaming transactions. In 2005 the WTO ruled against the US and then gave a time period for compliance. Three US laws exist which are in conflict with WTO treaties - The Wire Act, Travel Act and the other bullshit law they passed recently. The US has been proclaiming it is now compliant with it's obligations, but the opposing parties and the WTO do not agree that any attempt has been made to comply.

In the next couple of weeks the WTO is due to publish it's final penalty/sanction ruling for failure to comply. At the moment it appears the US is on a head-on collision course with the WTO and could face some damage in the process.

To quote a US legal opinion - "What Congress is really doing is putting the U.S. on a clear collision course with free trade and the WTO."

Silly conduct where individuals are being arrested on US soil for alleged offenses which are the exact nature of the US/WTO problem, either demonstration how stupid the DOJ is or they don't care about trading agreements.

Webby · 01-17-2007, 04:22 PM

Quote:

Originally Posted by Lazonby

People who work or have worked in the online gambling business will know that the vast majority of it is corrupt.

As usual you are totally ignorant and your comments are meaningless. You know nothing about the gaming industry - so suggest you shut the fuck up and try and at least become a webmaster.

Rhesus · 01-17-2007, 04:24 PM

Quote:

Originally Posted by Webby

As usual you are totally ignorant and your comments are meaningless. You know nothing about the gaming industry - so suggest you shut the fuck up and try and at least become a webmaster.

Calm down Webby, you're right but swearing like that doesn't suit you...

Webby · 01-17-2007, 04:26 PM

Quote:

Originally Posted by Rhesus

Calm down Webby, you're right but swearing like that doesn't suit you...

Some are blessed with tolerance Rhesus and tolerance escapes others

directfiesta · 01-17-2007, 05:17 PM

Quote:

Originally Posted by Rhesus

Calm down Webby, you're right but swearing like that doesn't suit you...

But reading one after the other idiot replies of Lazonby can have dire consequences... could even lead to murder....

DaddyHalbucks · 01-17-2007, 05:32 PM

Those Canadians sure love our American dollars --but they don't like our laws much.

Webby · 01-17-2007, 06:51 PM

Quote:

Originally Posted by directfiesta

But reading one after the other idiot replies of Lazonby can have dire consequences... could even lead to murder....

Well...... you got a point DF and worth considering

txl · 01-17-2007, 07:00 PM

i wonder if chris mallick is concerned right now? Which leads us to another question. Could there be fallout from this for the billers who have had or still have ties to processing systems that handled gaming transactions for the big poker sites? think about it

SuperDave05 · 01-17-2007, 07:28 PM

why is their website still up?

directfiesta · 01-17-2007, 07:35 PM

Quote:

Originally Posted by SuperDave05

why is their website still up?

Neither of them are still executives of the company. One resigned in dec. 2005, the other mid 2006 ....

The company by itself is legal, so why would they close down ? They just have to keep their people ( staff & executives ) out of the USA, forever.

Los · 01-17-2007, 08:21 PM

the bottom line is the casino's in the US are spending the money lobbying in washington. it might be time to spend a little bit of the online money and send people to washington to lobby since we all know the us probably makes up a fairly large % of online gambling. they have to spend some money to protect there business...

Phil · 01-17-2007, 09:13 PM

this is scary... where is this country going???

Rick Latona · 01-17-2007, 09:20 PM

Neteller does about 90% of money transfers for gaming. This is much bigger than PartyPoker.com pulling out of the U.S. market.

SkyRunner · 01-18-2007, 02:00 AM

Neteller pulls out of US:
http://uk.biz.yahoo.com/18012007/214...ler-pulls.html

That could be the hour of ePassporte (available on all the big poker sites), but how long can they resist any punishment?

Barefootsies · 01-18-2007, 02:13 AM

Quote:

Originally Posted by SPeRMiNaToR

what the fuck?! Just one step closer to "The Federation"

flashfire · 01-18-2007, 02:13 AM

Quote:

Originally Posted by DaddyHalbucks

Those Canadians sure love our American dollars --but they don't like our laws much.

do americans like their own laws? commies

will76 · 01-18-2007, 02:15 AM

My bank already blocks epassporte because they say it is used for gambling sites. Not like it is a small bank either, chase. Which bought out bankone which is where my accounts were set up orginally and they had no issues with epass. I can't even fund my epass account with my chase check card or checking account.

scoreman · 01-18-2007, 07:30 AM

Quote:

Originally Posted by Barefootsies

Oh please...thats pretty dumb.

If you really want to know who is behind the crackdown on gambling, you just have to think and follow the money. Its the land based gaming operations that stand to profit if the USA online gaming market is flattened. The USA govt doesnt take steps like this because of morality and ethical problems with gambling, they do it because there is money to be made. In this case its money that will be made by the corporate gambling institutions in the USA like MGM-Mirage, Harrahs Entertainment, Frontons and Parimutuels etc.

For those programs that use Epassporte (ourself included) this raises some real concerns. Due to the length of time it takes to wire money into Epassporte and the pressure to pay out immediately after accounting is done, most affiliate programs that use Epassporte consistently float large sums of money with Epassporte. This money isnt exactly FDIC insured and the threat of the USA gov't shaking this up with an indictment against Epassporte principals means more risk to this float money.

Within hours of the indictments against the Neteller principals, alot of online casinos were restricting access to funds held at Neteller.

djroof · 01-18-2007, 07:33 AM

This is crazy!!!

Klen · 01-18-2007, 07:43 AM

Whatever,i using moneybookers for gambling one way or another.

Jman · 01-18-2007, 08:38 AM

Quote:

Originally Posted by Webby

From what has been presented to the WTO by US "reps" - they want to make as many laws as possible to stop US citizens gaming. The purpose is to defend the existing gaming industry in the US.

In 2003 there was a case raised by the World Trade Org with the US on one side and Antigua, Canada, the UK and a few other countries on the other. This issue was restrictive trading with regard to movements of funds used in gaming transactions. In 2005 the WTO ruled against the US and then gave a time period for compliance. Three US laws exist which are in conflict with WTO treaties - The Wire Act, Travel Act and the other bullshit law they passed recently. The US has been proclaiming it is now compliant with it's obligations, but the opposing parties and the WTO do not agree that any attempt has been made to comply.

In the next couple of weeks the WTO is due to publish it's final penalty/sanction ruling for failure to comply. At the moment it appears the US is on a head-on collision course with the WTO and could face some damage in the process.

To quote a US legal opinion - "What Congress is really doing is putting the U.S. on a clear collision course with free trade and the WTO."

Silly conduct where individuals are being arrested on US soil for alleged offenses which are the exact nature of the US/WTO problem, either demonstration how stupid the DOJ is or they don't care about trading agreements.

Great post

Romeo GaySearch4Sex · 01-18-2007, 08:43 AM

wow, I guess we're busy arresting people for online gambling since we have no other problems to deal with... like Iraq, drugs, CP... we need to waste our time on this crap

Nysus · 01-18-2007, 09:01 AM

Quote:

Originally Posted by Webby

That is kinda funny in a way. The usual attempted exaggeration by prosecutors "laundering billions of dollars" blah blah...

The truth is both individuals were operating a legal entity while the US government is still not in compliance with WTO judgements over restrictive trade practices in inhibiting movements of gaming funds across borders - yet still attempts to claim "money laundering".

But hey... we are talking about a rogue regime who can't comply with treaties it ratifies and where the government are fucking useless - so no surprise.

These guys should have the money to defend themselves quite well...

madawgz · 01-18-2007, 09:01 AM

wow thats fucked

Nysus · 01-18-2007, 09:03 AM

Quote:

Originally Posted by Webby

From what has been presented to the WTO by US "reps" - they want to make as many laws as possible to stop US citizens gaming. The purpose is to defend the existing gaming industry in the US.

In 2003 there was a case raised by the World Trade Org with the US on one side and Antigua, Canada, the UK and a few other countries on the other. This issue was restrictive trading with regard to movements of funds used in gaming transactions. In 2005 the WTO ruled against the US and then gave a time period for compliance. Three US laws exist which are in conflict with WTO treaties - The Wire Act, Travel Act and the other bullshit law they passed recently. The US has been proclaiming it is now compliant with it's obligations, but the opposing parties and the WTO do not agree that any attempt has been made to comply.

In the next couple of weeks the WTO is due to publish it's final penalty/sanction ruling for failure to comply. At the moment it appears the US is on a head-on collision course with the WTO and could face some damage in the process.

To quote a US legal opinion - "What Congress is really doing is putting the U.S. on a clear collision course with free trade and the WTO."

Silly conduct where individuals are being arrested on US soil for alleged offenses which are the exact nature of the US/WTO problem, either demonstration how stupid the DOJ is or they don't care about trading agreements.

Same stuff with Canada and lumber.

Webby · 01-18-2007, 09:58 AM

Quote:

Originally Posted by Nysus

Same stuff with Canada and lumber.

You hit that nail on the head Nysus

marketsmart · 01-18-2007, 10:05 AM

what i find funny is that the US goes after companies that make 100's of millions or billions...

seems to me that the US just needs some more pocket change to play war games in the desert...

it amazes me that the US goes after gambling companies and processors, etc when they defraud their own citizens with un checked war contracts... they should be arresting the executives of Halliburton....

someday, i hope that the majority of americans wake up and fight the system to have some accountability...

01-17-2007, 03:11 PM	#3
bareskin Confirmed User Join Date: Nov 2006 Location: Pimpin in socal Posts: 619	ouch thats gonna hurt with bubba probing there asses __________________ Globat.com hosting company has shitty customer service skills :: please be advised:: Icq# 394599740

01-17-2007, 03:25 PM	#4
SinisterStudios Confirmed User Join Date: Nov 2003 Location: New Joisey Posts: 3,087	All hail Furror Bush, err i mean President Bush __________________ SEOIP.com Multiple IP Webhosting Shared and Dedicated IP's - Multiple Class A's - From $1.99/ip

01-17-2007, 03:33 PM	#6
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Anytime I see this kind of quote: "FBI Assistant Director Mark J. Mershon said the multibillion-dollar online gambling industry was "a colossal criminal enterprise masquerading as legitimate business." I always think they are full of shit and trumping up BS charges to make it sound like something more than what it is. It's the same shit they do when they go after adult companies.. They use catchy terms like racketeering and other BS charges. __________________ In November, you can vote for America's next president or its first dictator.

01-17-2007, 03:35 PM	#7
starpimps Confirmed User Join Date: Sep 2006 Location: internets Posts: 6,954	lol those guys were from calgary it think sucks to be them after the new bill eh __________________ Teen Porn Models / Solo Girls

01-17-2007, 03:40 PM	#8
breaker Confirmed User Join Date: Oct 2003 Location: .EU Fiasco Posts: 652	Epassporte next up? I've used epass to load my partypoker account so they are also doing the same "criminal act". __________________ Cash Breaker Latinas Deliciosas Blonde Loves Black She's Fuckable Fresh Blowjobs ICQ: 147104800

01-17-2007, 03:08 PM	#2
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	what the fuck?! Just one step closer to "The Federation"

01-17-2007, 03:41 PM	#9
Jman Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Location: Canuckstikan Posts: 22,767	Welcome to yesterdays news BA. BTW should I look for someone else for a gay co brand? __________________ email: [email protected] Best AI Affiliate Program We also do WL at $0.00 upfront costs FantasyXXX.AI Teams: jean.francois.laverdiere TG: @jman1216

01-17-2007, 03:42 PM	#10
spinner Registered User Industry Role: Join Date: Jan 2007 Location: NY Posts: 98	Ouch, Neteller seemed like such a legitimate company. __________________ Spinner's Media

01-17-2007, 03:43 PM	#11
Webby Too lazy to set a custom title Join Date: Oct 2002 Location: Far far away - as possible Posts: 14,956	That is kinda funny in a way. The usual attempted exaggeration by prosecutors "laundering billions of dollars" blah blah... The truth is both individuals were operating a legal entity while the US government is still not in compliance with WTO judgements over restrictive trade practices in inhibiting movements of gaming funds across borders - yet still attempts to claim "money laundering". But hey... we are talking about a rogue regime who can't comply with treaties it ratifies and where the government are fucking useless - so no surprise. __________________ XXX TLD's - Another mosquito to swat.

01-17-2007, 03:47 PM	#14
Rhesus Confirmed User Join Date: Aug 2004 Posts: 2,009	There will be a day that the US bumps into itself with such an arrogant stance. I hate the hypocrisy in these press releases, just anything to play the media and public opinion!

01-17-2007, 03:47 PM	#15
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	holy shit

01-17-2007, 03:55 PM	#17
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	Bond has been set at $5 million for the Neteller guy who lived in Malibu. Since Neteller allegedly processed $7.3 billion in 2005 with 95% being gambling transactions, it would not surprise me if this guy easily makes bail and then finds a way to disappear. __________________

01-17-2007, 03:59 PM	#18
Brad Confirmed User Industry Role: Join Date: Jan 2007 Location: Toronto Posts: 2,510	I don't get this case...it is the US players who are backing this recent Poker craze right? They advertise the shit out of it all over the US and Canada and probably everywhere else and then they turn around and punish the people who are making money with it how does this make any sense? Is the problem just that the money - which by the sounds of it is primarly US - is leaving the country? or is there another problem here? Anyone know what the main issues are in the case? __________________ Affiliate Manager/Media Buyer ICQ 376 978 529 Skype: bradleyjwscott [email protected]

01-17-2007, 04:01 PM	#19
BradM Confirmed User Join Date: Dec 2003 Location: 1123,6536,5231 Posts: 3,397	Why would they even travel to the US? If I was worth that much I'd buy a nice small (500 acres) plot of land and just retire there.

01-17-2007, 04:01 PM	#21
Lazonby Confirmed User Join Date: Feb 2006 Posts: 2,262	People who work or have worked in the online gambling business will know that the vast majority of it is corrupt.

01-17-2007, 05:32 PM	#29
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	Those Canadians sure love our American dollars --but they don't like our laws much. __________________ Boner Money

01-17-2007, 07:00 PM	#31
txl Registered User Join Date: Nov 2001 Location: Jersey Posts: 75	i wonder if chris mallick is concerned right now? Which leads us to another question. Could there be fallout from this for the billers who have had or still have ties to processing systems that handled gaming transactions for the big poker sites? think about it

01-17-2007, 07:28 PM	#32
SuperDave05 Confirmed User Join Date: Feb 2005 Posts: 100	why is their website still up?

01-17-2007, 08:21 PM	#34
Los Confirmed User Join Date: Jul 2001 Location: San Francisco Posts: 427	the bottom line is the casino's in the US are spending the money lobbying in washington. it might be time to spend a little bit of the online money and send people to washington to lobby since we all know the us probably makes up a fairly large % of online gambling. they have to spend some money to protect there business...

01-17-2007, 09:13 PM	#35
Phil Confirmed User Join Date: Jan 2004 Posts: 7,659	this is scary... where is this country going??? __________________ Ask Phil

01-17-2007, 09:20 PM	#36
Rick Latona The Best Ideas Start Here Join Date: Dec 2002 Location: Atlanta Posts: 6,037	Neteller does about 90% of money transfers for gaming. This is much bigger than PartyPoker.com pulling out of the U.S. market. __________________ Regards, Rick Latona http://latonas.com Latona's - We Sell Money Making Web Properties Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.

01-18-2007, 02:00 AM	#37
SkyRunner Confirmed User Join Date: Mar 2003 Location: Standing in front of your door Posts: 269	Neteller pulls out of US: http://uk.biz.yahoo.com/18012007/214...ler-pulls.html That could be the hour of ePassporte (available on all the big poker sites), but how long can they resist any punishment? __________________ TrafficHolder.com - Buy/Sell Adult Traffic

01-18-2007, 02:15 AM	#40
will76 Making $$$$ w/ ClickCash Industry Role: Join Date: May 2003 Location: USA Posts: 18,037	My bank already blocks epassporte because they say it is used for gambling sites. Not like it is a small bank either, chase. Which bought out bankone which is where my accounts were set up orginally and they had no issues with epass. I can't even fund my epass account with my chase check card or checking account. __________________ ICQ: 86364801 Email: will [at] innovativeassets [dot] com PROGRAM SHIT LIST - DO NOT PROMOTE (click link for gfy thread) FNCash \| Media Revenue

01-18-2007, 07:33 AM	#42
djroof JuicyDevils.gr Owner Industry Role: Join Date: Jan 2004 Location: Greece Posts: 25,405	This is crazy!!!

01-18-2007, 07:43 AM	#43
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	Whatever,i using moneybookers for gambling one way or another.

01-18-2007, 08:43 AM	#45
Romeo GaySearch4Sex Confirmed User Join Date: Mar 2006 Posts: 472	wow, I guess we're busy arresting people for online gambling since we have no other problems to deal with... like Iraq, drugs, CP... we need to waste our time on this crap __________________ If you want to add gay sites to your program, or need help navigating the gay market please contact me at: [email protected] ICQ# 160001441

01-18-2007, 09:01 AM	#47
madawgz 8.8.8.8 Industry Role: Join Date: Mar 2006 Location: Noordermarkt Posts: 30,509	wow thats fucked __________________ TAEMDLRMSKRJIXMRLSMRJ.

01-18-2007, 10:05 AM	#50
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	what i find funny is that the US goes after companies that make 100's of millions or billions... seems to me that the US just needs some more pocket change to play war games in the desert... it amazes me that the US goes after gambling companies and processors, etc when they defraud their own citizens with un checked war contracts... they should be arresting the executives of Halliburton.... someday, i hope that the majority of americans wake up and fight the system to have some accountability...