Feeds

Neteller funds held by FBI

Don't bet on getting it back

The Power of One Brief: Top reasons to choose HP BladeSystem

The FBI has frozen access to Neteller accounts as part of its ongoing investigation into the company.

Neteller provides electronic wallet services which were popular with gambling sites because they allowed US residents to gamble without using credit cards which would give away their home addresses - most gambling sites took this action to try and stop US citizens using their services.

According to USA Today, FBI agent Neil Donovan said the funds were being kept as evidence. He told the paper some customers may get their money back.

An update on the Neteller website warns US members that it can no longer accept their funds or transfer them to gambling sites. The site also says it will no longer accept US residents as new members of Neteller. The company has also stopped peer-to-peer transactions.

US authorities arrested two former executives of the company in January. They were charged not under new US legislation, but for "conspiring to transfer funds with the intent to promote illegal gambling".

The two are due to appear in court 14 February in New York.

The company is based in the Isle of Man and is regulated by the Financial Services Authority. ®

Designing a Defense for Mobile Applications

More from The Register

next story
Adam Afriyie MP: Smart meters are NOT so smart
Mega-costly gas 'n' 'leccy totting-up tech not worth it - Tory MP
Just TWO climate committee MPs contradict IPCC: The two with SCIENCE degrees
'Greenhouse effect is real, but as for the rest of it ...'
'Blow it up': Plods pop round for chat with Commonwealth Games tweeter
You'd better not be talking about the council's housing plans
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.