Neteller no better than the thugs at BetOnSports

[pags11]

safe as a bank...geez...

[NeedProtection]

Although I am still trying to get to the bottom of my transfer issues (avoid efts at all costs), I was told by the banks solicitors that as soon as my transfer reached the states it became the recipients. This was fine for me as it meant that it was not my money that was confiscated.

WTF are they supposed to say? They are never going claim responsibility for it. They don't want to make good on the money, so they made something up and you believed it.

You think they are going to say "sorry the money never reached it's destination after it left here. We'll just put 10k back into your account".

I think who is responsible for the money is to be decided by case law on the books in the united states and possibly in a lawsuit.

To accept what the banks say about who had possession of the money is ignorant. They are never going to accept responsibility for it and will say whatever they can to make you believe that.

Time to sue and name the sportsbook please.

[pags11]

what's the latest with this whole neteller fiasco anyway?...

[azkid]

The latest is they are still holding onto our money and now they're not even offering assurances that we'll get it back. The customer service lady told me "I cannot make any promises." That in itself is pretty worrying. Still, I cannot imagine why we wouldn't get paid back eventually....

[increasedodds]

Basically, neteller is not going to pay anything until the DOJ says they will not file charges and will not seize any payments.

Neteller's bargaining chip is that they are sitting on probably $1billion+ of US money.

If the DOJ decides not to charge them and allows transfers they will pay.

If the DOJ charges them, my guess is they go the route of BOS - just never show up and make interest for years.

Sean

[acw]

Very informative thread, as I finally understand what is going on.

Ok, Neteller are criminals! No doubt. I stopped using them already for some time, as I stay out of the Caribbean anyhow these days.

100% sure that if they were to close the accounts of all American residents and simply pay them, they will not be bothered any longer by any justice department.

[SBR_John]

When these guys halt their stock trading, because it would open at .001, they are emboldened to stiff everyone ala BOS.

And where does the money go? Where did the remains of the BOS money go?

[Dark Horse]

If someone doesn't play by the rules, it is sure nice if you can fight them by sticking to the rules, but there are cases where a little lawless coercion is more effective.

If you want your money, scare these motherf*ckers out of their wits.

[Santo]

The problem, acw, is that the money may never reach it's intended recipients, even if they try to send it. So then you're sending money into a black hole (the DOJ) and still owe money to the clients. That's not smart.

Exception: They could send it in another currency to those willing to bank it at a non-US bank. That's the only way to stop it becoming US$ in the USA at some point on it's journey.

[increasedodds]

Santo, that's baloney. That is what neteller wants you to think. I would take 100 to 1 odds that I could take money from neteller and EFT it into the US without a problem.

The DOJ would have liked to have closed down neteller for a long time. They got the chance when the two idiot founders came to the US at the same time.

The $55m they seized was in accounts owned by the founders and used for EFTs. Most likely these were disclosed at the bail hearing. Without the arrest, the DOJ has never been able to seize an eft from any sportsbook or neteller.

If neteller wanted to do so, they could pay.

They could open lots of personal bank accounts and send checks.

They could open accounts at banks like Bank of Antigua and send efts.

They could allow player to player transfers.

They could allow transfers to non US accounts.

If the greek and trojan can send me 5 digit wires in under 48 hours, neteller could get it done. They should be charged with theft and arrested and more than likely if they dont get with it, their board better hire armed guards cause there are a lot of pissed off not so nice...

Paradisepoker today sent me an email recommending I open a Canadian bank account... That's how you do it in this day and age.

-Sean

[Santo]

Yes, Opening a Canadian bank account would do it.

As for Greek and Trojan, well the Neteller intermediaries have been publicly identified, the Greek and Trojan intermediaries may not have. I know more than the poster here who've had US$ transactions blocked, and I also know UK people who NT have refused to pay into UK-held US$ accounts, but happily paid in GBP to other UK accounts.

Thus, I'm inclined to think there's something to it, whether it's their belief or reality.