“Additionally, the Group has been advised that the USAO has obtained court-ordered seizure warrants seizing funds pertaining to the Group’s transactions. To the best of the Group’s knowledge, it believes that the amount of funds seized by the USAO or otherwise restricted by third parties does not exceed US$ 55 million. These funds were largely in the process of being transferred from the Group to its US customers or vice versa. “
This is a major privacy rights issue! It’s not pertinent that the DOJ has the names,address,etc of people who did the transactions. All they need is the proof of transaction. Which they can do without, getting it to the customers personal level.
You have to love this part too:”As part of these discussions, it is contemplated that the USAO will engage a forensic accounting firm, at the Group’s expense, to assist in this process and to examine the Group’s financial position.”
Wait a minute, I thought the funds were in “Trust” and you were secure through FSA. WTF would you need an “Independent” accounting firm to evaluate your financial position? You do have the $$ to return to US customers right? What the hell!
In summation, if and when we do get our $$ back. Believe me Big Brother will know about it and how much. This is a gross infridgement on our Privacy which the ACLU should look into immediatly. I agree with the guys from Gambling911 when they say: “Even if your offshore, you have to be a complete idiot to keep your $$ in Neteller!”