We are all throwing our 2 cents worth of bullsheyat speculation out there…
…so here goes mine:
This seems to be a fishing expedition. What I mean is this: NETeller itself has not been filed on or charged or anything. In fact, NETeller said they would comply with the US law.
I believe that the US Government has little clue about the payment processing in this industry, but they realize that — to shut us down — the money movement is the key.
These arrests do two things:
1) Give the US the info they want while these two men sit in jail and sing like birds to avoid prosecution… due to fear. So the government learns all they can.
2) Yes. It chills the whole industry and has the effect of a six page thread it 24hours.
Will these men actually be prosecuted? Hard to say, but I lean towards “no” under some plea deal.
How much resource has the US wasted chasing down this industry? Start asking why… why… why…