Reply To: Founders of Neteller Arrested!

Yes, the arrests are based on obscuring the ultimate destination of funds transfers (which is indeed illegal under US money laundering laws) for the purpose of illegal sports betting (which is a criminal activity under the wire act). These arrests are not directly related to the unlawful internet gambling enforcement act.
Michael Corfman
Casino City

I agree with this.

All the arrests that stuck in the past were related to illegal sportsbetting, and this one adds hiding the destination of money transfers.

It is indeed a blow to the industry to lose neteller.

I just hope the casinos haven’t been asleep on the switch and have an alternative.