Neteller to return funds to clients

[Kevin]

Neteller Planning To Return US Customer Funds
June 5, 2007

In a press release from the company site of Neteller it was announced today that all gambling funds would be returned to US customers in an orderly fashion. Neteller is still working with the US authorities in the investigation, but they have agreed on a Distribution Plan where all customers will receive email notification of when they will be able to sign into their account in order to withdraw their remaining funds.

Part of the Neteller press release reads:

"The agreed Distribution Plan details the process and mechanisms for the return of funds to US customers. US customers will be able to access their NETELLER accounts online for a certain time and make a request for their funds. In accordance with NETELLER’s Terms of Use, no interest on account balances will be paid. NETELLER will not charge fees to customers to process requests for funds. Funds will be distributed either by electronic transfer to the bank account on record with NETELLER or by a cheque to be sent to a mailing address as confirmed by the customer. If a US customer has a bank account already registered with NETELLER, funds transfer will be by electronic transfer subject to confirmation by the customer that the registered bank account remains valid. US customers will receive the entire balance of funds in their account; no requests for partial payments will be processed. US customers cannot use their accounts for any transaction other than to request the funds."

US customers have millions of collective dollars held up in Neteller since the US arrested the company's founders months ago. After the arrests Neteller decided to freeze all US accounts. Many US account holders had 5 digit balances in their Neteller accounts.



-- Casino Gambling Web

[rjp]

I'll believe it when I see it!