Neteller Financials Delayed Due to Investigation - 06-28-07
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June 28 - Leading online payment processor, Neteller, has issued a press release
stating that it will be unable to finalise its full-year accounts in time to be
sent out to its shareholders due to an ongoing investigation by US authorities.
The recent press release confirmed that on the advice of its legal team,
Neteller was continuing to cooperate with United States Attorney's Office (USAO)
for the Southern District of New York regarding its ongoing investigation into
the company.
Neteller said that because of the investigation by US authorities, its annual
audited accounts for the year ended 31st December 2006 will not be finalised in
time to send to shareholders by 30th June 2007.
A popular method of payment for online gamblers the world over, Neteller pulled
out of the American market some months ago as a result of the US crack down on
online gambling-related companies and their top executives.
The USAO investigation into
Neteller is expected to be concluded by no later
than 13 July 2007, when the payment processor will do its utmost to finalise and
post its audited accounts and announce its full year results.
