Neteller Chiefs In The Firing Line

More knock-on news revolving around the implementation of the USA’s Unlawful Internet Gambling Enforcement Act. The Canadian CEO and largest stake holder of the internet payment firm have been arrested and charged with “conspiring to transfer funds with the intent to promote illegal gambling” – although not under the hotly controversial UIGEA.

As a result Neteller have suspended trading their shares on the London Stock Exchange. It will remain to be seen what effect this has on the Neteller service, which will be one used by a number of UK based online bingo players who use the payment service for funding their Bingo accounts, as well as receiving their prize money. Read more…

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