Neteller Makes a Deal to Return U.S. Customers’ Funds

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neteller cardNeteller announced today that they, “signed agreements with the USAO and Navigant which, among other things, outline terms and a timeline under which NETELLER will work toward the orderly distribution of funds to its US customers.”

The new agreement says that they’ll announce a plan to refund our money within 75 days.

U.S. members funds were initially frozen early February when the government pressured Neteller to not allow U.S. citizins to use their service.

Wednesday, 21 March 2007 – The NETELLER Plc Group (LSE: NLR), the leading global independent online money transfer business, today announced that it has signed agreements with each of the United States Attorney’s Office for the Southern District of New York (“USAO”) and Navigant Consulting, Inc. (“Navigant”).

On 8 February 2007, the Group announced that it was in discussions with the USAO to manage an orderly return of funds to US customers and that it was contemplated that a forensic accounting firm would be engaged, at the Group’s expense, to assist in this process and to examine the Group’s financial position.

The Group is pleased to announce that on 20 March 2007, it signed agreements with the USAO and Navigant which, among other things, outline terms and a timeline under which NETELLER will work toward the orderly distribution of funds to its US customers. Per the agreements, the Group anticipates that within the next 75 days it will announce a plan by which the funds will be distributed to US customers. Navigant will also provide a report to the USAO on the Group’s current financial condition.

“We continue to be committed to returning funds to our US customers and working with the US Attorney’s Office,” said Ron Martin, Group President and CEO. “Progress, while not always visible to the outside observer, has been steady and these agreements mark a milestone in the process.”

NETELLER is continuing to cooperate with the USAO’s investigation, under the advice of its legal advisers and in accordance with court orders in the Isle of Man.

5 Responses to “Neteller Makes a Deal to Return U.S. Customers’ Funds”

  1. Keith

    Thank God we’re getting our money back. I’m sure others have more than me, but it still sucks having it sit in there. Never using Neteller again, that’s for sure.

    Reply
  2. PETER

    I DON’T BELEIVE ANY OF WHAT NETELLER SAYS. I HAVE ALOT OF MONEY TIED UP IN NETELLER AND I CAN’T TOUCH IT WHILE NETELLER ISJUST KICKING BACK MAKING MONEY ON THE INTEREST OF AMERICAN PEOPLE. WE SHOULD ALL GET TOGETHER AND FILE A CLASS ACTION SUIT AGAINST NETELLER. IT REALLY HURTS TO HAVE MONEY AND NOT BE ABLE TO HAVE ACCESS TO IT.

    Reply
  3. Vinny

    neteller fucking sucks!!!

    Reply
  4. cyndi gorkiewicz

    i want to join any class action or any action to refund money lost thru neteller. i lost thousands on the internet gamblong but neteller changed me 600 to 800 just in fees. i had a contiuing dispute with them at the time that just went in circles and then went bankrupt in 2000. it was 1997 to 2000 that neteller ripped me off

    Reply
  5. Yahweh Nam

    I was a victim of Identity theft and CBV in Canada (collection Agency) for Neteller, has been calling me asking for a police report which I didn’t file, but my bank accounts were closed and all accounts dealing with neteller were closed this was in January when email address was stolen now after researching this further I see that over two hundred people in Canada identities were stolen and CBv is trying to get the money while at present the owners of neteller are in Jail. I would like to file a class action suit also. This is stressful.
    Peace

    Reply

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