February 9 - Neteller, which was once the largest payment processor for online gambling transactions published a press release today. It generally states that all funds of the company's US customers will be held for an undisclosed amount of time.
According to the statement, the company is cooperating with the US Attorney's Office in connection to the arrests of the two former employees of Neteller. The company itself has not been charged with criminal activity at this stage and the company is eager to work with the US authorities, including supplying information about their customers as well as financial and accounting information.
The delay of American customer's payments is explained with the cooperation between the company and the US Attorney's Office. There are suspicions that the funds are frozen by the FBI. Neteller says many US banks are refusing transactions with the company.
Neteller has informed customers that they are working on a settlement with US authorities to find a way to pay US account holders their funds, there is however no established time frame for this.
