opinions on netellers eventual payout scenario

[jumper]

reading the thread obout cris no longer offering neteller there was speculation that cris wants to steer clear of potential problems if neteller goes under.what do you guys think will play out when the 75 day period to formulate a payout plan comes due.i like the neteller customer coalition and get lots of info about neteller there but value the perspectives(often negative) here.i thought this site was done as i was unable to access for months,but my neighbor was able to get in;also curious if certain forum members could be considered high risk concerning u.s. anti gambling laws and therefore locked out.glad to be able to get into the u.s. site again

[increasedodds]

I think in 75 days, they will have a plan in place... The plan will be full of delays and may include submitting paperwork to the government.

The government might not want to seize our records as there would be some question of illegal search and seizure if they then tried citizens on taxes, but they could well set it up that you fill out an IRS form to get your money. Some would, some would not.

I believe people will be paid if Neteller does not run into shareholder lawsuits. If they do, they will go bankrupt.

Sean

[jumper]

thanks for the good insight,sounds plausable.regarding shareholder lawsuits,my humble,biased opinion is that the shareholders should take whatever losses may occure rather than acct holders who were promised secure,segregated holdings.neteller will most likely become almost worthless on the stock exchange,maybe even disappear entirely once this is done from what i read regarding the % of their income effected.my biggest mistake was thinking neteller was a safer place to store these funds than the sportsbooks

[increasedodds]

The shareholders would come after account holders in terms of getting paid, but the problem is if they have too many legal fees, they will tap into accounts.

They can not tap into EU accounts legally, but they have no regulations on US/Can accounts.

Sean

[jumper]

i appreciate your thoughts,and anything is possible with this screwed up situation,but i dont buy the logic of shareholders having any recourse but to take their loss,and if the isle of mann,s regulations are worth a shit neteller shouldn,t be able to touch segregated accts.assume 55 million was lost(u.s. dept of justice said it will be returned)shareholders would be the logical choice to eat it

[Korchnoi]

They can not tap into EU accounts legally, but they have no regulations on US/Can accounts.

Sean

Can you explain why this is so?

[pags11]

there will be no ultimate payout scenario...sorry to say...