NETeller Founders Arrested in US |
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Posted Tue Jan 16, 2007 4:41 am GMT by khaosanroad
NETeller Founders Arrested in US
Update Number 2:
The two founders of online gambling payment solutions NETeller were arrested in Los Angeles and New York, respectively, today, according to reports surfacing Monday afternoon Gambling911.com has learned.
John LeFevre and Steve Lawrence, both of Canada, were taken into custody early Monday morning while in the United States. Charges have not been filed yet.
Neither men have been involved with NETeller for a few years now, though it is not known if they are still receiving an "income" from the company.
NETeller is a publicly traded company based out of Isle of Man and is the largest online gambling money processor.
The detention of both men indicates a prolonged investigation dating back several years. It is not known why either were traveling in the United States at the same time transferring through two different airports. Nor is it known at this time if the two men are being detained for anything having to do with their involvement in NETeller.
LeFevre, a former hippie, started the hugely successful company with Steve Lawrence in 1999 but retired in 2002 in Costa Rica.
It has since been learned that Steve Lawrence served as Chairman of Neteller until October 13, 2005.
"He (Lawrence) resigned and both men have substantial holdings of stock as well," another source disclosed to Gambling911.com Monday evening.
Lawrence has reportedly resided in the US since a bill was passed to curb some forms of online gambling.
It is not known how this latest event will impact NETeller or its stock once it begins trading again on Tuesday. Most of NETeller's executive team have shied away from traveling within the United States.
Gambling911.com will continue to monitor this story as it develops.
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Posted Tue Jan 16, 2007 5:21 am GMT by xDiamond_CutteRx
OK, I'm a little scared now. 
Posted Tue Jan 16, 2007 9:11 am GMT by UrAteUp
SOB...just when I was getting ready to use Neteller and redeposit. Any other online Wallet sites that will transfer money?
Posted Tue Jan 16, 2007 10:01 am GMT by supafrey
This arrest does nothing to affect the site, you realize?
Posted Tue Jan 16, 2007 10:12 am GMT by shorn7
| Quote: | | This arrest does nothing to affect the site, you realize? |
While that is true, it might scare the management of the company to shut down operations to US customers. That would be very bad.
Posted Tue Jan 16, 2007 10:20 am GMT by Sean_in_NJ
It's also a pretty good indicator that the payment processors will come under the same government scrutiny as the poker sites themselves.
Posted Tue Jan 16, 2007 10:35 am GMT by supafrey
that's because neteller hates freedom. and we all know who hates freedom.
... da terrarists
Posted Tue Jan 16, 2007 10:40 am GMT by UrAteUp
Yeah the US government hates freedom. They feel we do not have the brains to decide what is right and wrong for us. The last elections did nothing really to help. It is time we each took matters into our own hands and made our voices heard. Collectively we can make a difference.
Posted Tue Jan 16, 2007 10:54 am GMT by Sean_in_NJ
| UrAteUp wrote: | | They feel we do not have the brains to decide what is right and wrong for us. |
Unfortunately, this is more accurate more often than anyone would care to admit.
| UrAteUp wrote: | | The last elections did nothing really to help. It is time we each took matters into our own hands and made our voices heard. Collectively we can make a difference. |
Viva la Revolution!
Posted Tue Jan 16, 2007 11:44 am GMT by BeerWench13
About the time our original thirteen states adopted their new constitution in 1787, Alexander Tyler, a Scottish history professor at the University of Edinburgh, had this to say about the fall of the Athenian Republic some 2,000 years earlier:
"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always vote for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship."
"The average age of the world's greatest civilizations from the beginning of history has been about 200 years. During those 200 years, those nations always progressed through the following sequence:
1. From bondage to spiritual faith;
2. From spiritual faith to great courage;
3. From courage to liberty;
4. From liberty to abundance;
5. From abundance to complacency;
6. From complacency to apathy;
7. From apathy to dependence;
8. From dependence back into bondage"
Professor Joseph Olson of Hamline University School of Law, St. Paul, Minnesota, points out some interesting facts concerning the 2000 Presidential election:
Number of States won by: Gore: 19; Bush: 29
Square miles of land won by: Gore: 580,000; Bush: 2,427,000
Population of counties won by: Gore: 127 million; Bush: 143 million
Murder rate per 100,000 residents in counties won by: Gore: 13.2; Bush: 2.1
Professor Olson adds: "In aggregate, the map of the territory Bush won was mostly the land owned by the taxpaying citizens of this great country. Gore's territory mostly encompassed those citizens living in government-owned tenements and living off various forms of government welfare..."
Olson believes the United States is now somewhere between the "complacency and apathy" phase of Professor Tyler's definition of democracy, with some 40 percent of the nation's population already having reached the "governmental dependency" phase.
If Congress grants amnesty and citizenship to twenty million "illegals" and they vote in ways that support government handouts and restrict the liberties of the tax-payers, then we can say goodbye to the USA in fewer than five years.
Complacency, apathy an dependency are the greatest danger to our freedom.
| Sean_in_NJ wrote: | | Viva la Revolution! |
Posted Tue Jan 16, 2007 1:35 pm GMT by khaosanroad
These two men are no longer involved with NeTeller aside from owning about 5% of the stock. Hopefully it's drug charges or something unrelated.
Posted Tue Jan 16, 2007 1:46 pm GMT by BeerWench13
| khaosanroad wrote: | | Hopefully it's drug charges or something unrelated. |
I hope you're right. I still have ~$500 sitting in my NeTeller account.
Posted Tue Jan 16, 2007 2:45 pm GMT by Iron Butt
| BeerWench13 wrote: | | interesting facts |
I just lubs the Itnernets, it's so full of interesting facts:
snopes.com/politics/quotes/tyler.asp
www.hamline.edu/law/professors/joseph_olson.html
(Brief summary: Neither man wrote the items attributed to them, other "facts" were kajiggered to make them more interesting.)
A nice little think piece anyway though... mostly it makes me think, "Why are these people (not meaning you, Wench) lying to me?"
Posted Tue Jan 16, 2007 2:57 pm GMT by vyni
An update: federal charges have officialy been filed now on this...
Neteller founders Stephen Lawrence and John Lefebvre have been charged with money laundering offences by the US Attorney General in the Southern District of New York.
A statement from the office of Michael Garcia added that Lawrence and Lefebvre had been arrested in connection with the “creation and operation of an internet payment services company that facilitated the transfer of billions of dollars of illegal gambling proceeds from US citizens to the owners of various internet gambling companies located overseas”.
Lawrence and Lefebvre were arrested in the early hours of Monday morning, January 15. Lawrence was arrested yesterday in the US Virgin Islands and will be presented in federal court in St Thomas by tomorrow. Lefebvre was arrested in Malibu, California, and will be presented in a Los Angeles court later today.
Neteller suspended its share price this morning as the news broke.
In a statement released earlier today, Neteller said neither Lawrence or Lefebvre had any current position within the company. The statement added: “The group has not received any communication or correspondence from any US authority regarding this or any related matter.”
Lebebvre left Neteller in December 2005 while Lawrence left in October last year, just after the passing of the Unlawful Internet Gaming Enforcement Act (UIGEA).
The news of the Neteller arrests spelt more bad news for those operators that have not exited the US.
Said one legal source: “It’s a warning shot across the bows for those still taking money from the US.”
He added: “They are aiming their strategy at the finance provision. It is consistent with the UIGEA. It is a more effective strategy than going after the operators themselves, such as PokerStars. When you get the money providers, you get the portfolio of operators.”
One leading operator suggested this was particularly bad news for those poker operators that remain in the US market. “This could be terminal for the poker business in the US. The average punter will not be willing to jump through the hoops (to get their payments through).”
Posted Tue Jan 16, 2007 3:03 pm GMT by BeerWench13
| Iron Butt wrote: | | (Brief summary: Neither man wrote the items attributed to them, other "facts" were kajiggered to make them more interesting.) |
Thank you.
Well, that sucks. I wonder what I should do with my cash?
Posted Tue Jan 16, 2007 3:13 pm GMT by vyni
I'll wait and see Netellers reaction.
Here's that press release from neteller noted in article above:
Statement Regarding Former Directors
16 January 2007 - NETELLER Plc (LSE: NLR), the leading independent online money transfer business, today issued the following statement regarding the speculation surrounding two of its former directors and founder shareholders, Mr Stephen Lawrence and Mr John Lefebvre.
While travelling separately in the US, Mr Lawrence and Mr Lefebvre, both former directors of the Company, were detained by US authorities on Monday, 15 January 2007.
Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any current position with or connection to NETELLER.
The Group has not received any communication or correspondence from any US authority regarding this or any related matter.
Pending clarification of the situation the Board has sought immediate temporary suspension of NETELLER's shares.
Further information will be issued in due course.
Mr Lawrence resigned as a non-executive director of the Company on 13 October 2006 having stepped down as non-executive chairman of the Company on 11 May 2006. Mr Lefebvre resigned as a non-executive director of the Company on 15
December 2005.
Mr Lawrence is the majority beneficial owner of Corvina International Ltd. which holds a total of 7,085,541 ordinary shares representing approximately 5.91% of the issued share capital of the Company. Mr Lefebvre is the beneficial owner of Eagle Medallion Fortress Investment Corporation which holds a total of 6,638,094 ordinary shares representing approximately 5.54% of the issued share capital of the Company.
Posted Tue Jan 16, 2007 4:13 pm GMT by cayouche
Very nice read Wench. It complements well my theory of everything that is wrong with this world.
Posted Tue Jan 16, 2007 4:26 pm GMT by UrAteUp
I don't mind the bondage...as long as I get the other part that goes with it...and not just a big screwing like every US citizen is now.
The bad thing is, we as Americans, often bring it on ourselves. When we ask a government agency to step in and do something that with even just half a brain,we could take care of it ourselves. Let the government step in and do those things that we can't. We don't need them telling us online poker or gaming is bad for us. We don't need them to tell us that gambling can be addictive, we don't need them stopping us on the way to board our airplane, we don't need our e-mails and mail read as well as our phone conversations listened to. Save that crap for the terrorists. And if you don't know who they are then look for the signs. Like the turbans, the burning American flag and those radicals who just want the government to take over all our rights.
Posted Tue Jan 16, 2007 4:50 pm GMT by khaosanroad
Doing some reading it appears that this was most likely done for intimidation and that the charges will not likely hold up. WTO has already ruled against the USA that internet gambling is not illegal. If it ever goes to trial the DOJ will probably lose.
What we need is for the issue to really be put to test in the courts, unti then the DOJ will continue to intimidate with the hop that gambling will go away.
Posted Tue Jan 16, 2007 5:18 pm GMT by vyni
If the charges were heard and ruled on by a WTO committee, this would be open and shut. Unfortunately, one thing has nothing to do with the other here. Is it all a scare? Possibly, but that doesnt make things any better. In fact it makes it worse because the federal courts will push on it to make an example.
The point of it all I'm sure is to push neteller out of the US. If it works, what happens in the trial of these 2 guys doesnt mean anything. Mission accomplished.
Back to WTO, I believe we shouldnt be far away from a ruling on the latest measures by Antiqua. Since they're such a small economic force in the global market, they got a little creative and asked the WTO for a ruling permitting them to distribute dvds, cds, etc from the US market royalty free. Don't know if it will fly or not, but as it's clear that the US continues to ignore the previous ruling and sooner or later some sort of measures will be weighed against the US. If they're heavy enough, it may create enough pressure economicly to have all this bs changed.... but.... we're an economic superpower so the WTO may be outright scared of ticking us off too. Without the US, the WTO wouldnt mean as much globally.
I still find it ammusing that all the US has to do to comply with WTO terms is prohibit all wire wagering: interstate horse betting, lotteries, and fantasy betting. Way too many political puppets to see that happen though. Not that I want to see that either: I just find it ammusing.
Posted Tue Jan 16, 2007 6:48 pm GMT by raisebot
The 2 were under investigation from June 2006, before the law was enacted.
| gambling911.com wrote: |
Investigation Into NETeller Began This Past June
According to a complaint unsealed Tuesday against two founder of NETeller.com, a publicly traded third party cash processor catering to the online gambling industry, an investigation into the company was begun prior to laws passed in the US that attempt to curb some forms of internet gambling.
Lefebvre and another man, Stephen Lawrence, were arrested Monday morning on opposite sides of the US.
While many companies panicked and pulled out of the United States following the signing into law of this act, Gambling911.com has long pointed out that the US Justice Department always considered certain activities illegal and that the passage of this new law would do little to change this stance.
The Unlawful Internet Gambling Enforcement Act of 2006 requires banking institutions to monitor internet gambling transactions. The banking sector has claimed they do not have the necessary means to do so. The law was tacked onto a Port Security Act and written hastily by politicians with what many believe to be ulterior motives (i.e. horse racing was exempt from the new law as were state lotteries).
The US Justice Department, often acting in conjunction with local law enforcement agencies, regularly attempt to draw ties between organized crime and money laundering with online gambling activity, mostly because some "offshore" establishments are known to employ "agents" or "runners" who collect monies within the United States.
Even BetonSports, a publicly traded company indicted this past July, was later shown to be scrutinized as a result of engaging in credit businesses within the United States.
The Justice Department, in its case against NETeller, appears to find that the company was a major facilitator of such transactions. The complaint further alleges that defendant "STEPHEN ERIC LAWRENCE, the defendant, and others known and unknown, would and did transport, transmit, and transfer monetary instruments and funds from a place in the United States to and through a place outside the United States and to a place in the
United States from and through a place outside the United States
with the intent to promote the carrying on of specified unlawful activity."
Of interest is the fact that this investigation did not begin until June 2006.
"Since in or about June 2006, the Federal Bureau of Investigation ("FBI") has been conducting an investigation of Neteller PLC, a company that is based in Isle of Man and is publicly-traded in the United Kingdom. The investigation has revealed that Neteller PLC conducts and facilitates illegal
financial transactions between gambling customers in the United
States and numerous offshore online gambling businesses."
NETeller was one of the few publicly traded internet gambling related firms that did not pull out of the US market following the signing into law of UIGE. Shareholder pressure forced most firms such as BetCorp and PartyGaming to abandon their US customer base. Most of these firms are publicly traded on the London Stock Exchange where online gambling is viewed as a legal and highly profitable industry. PartyGaming was the single largest IPO when it went public in 2005.
What most of these companies fail to realize is that pulling out of the US market will not make them less vulnerable to prosecution assuming an investigation was ongoing prior to the passage of UIGE.
Gambling911.com will continue to monitor this story as it develops.
-----
Christopher Costigan, www.gambling911.com
Originally published January 16, 2007 3:04 pm ET
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http://www.gambling911.com/Investigation-NETeller-011607.html
Posted Wed Jan 17, 2007 3:00 am GMT by Geno
They are wandering down the money laundering route now which could be bad news for these guys as it is such a hot topic in the financial world with the advent of online companies such as Neteller. Not sure I'd sleep soundly right now if I ran Neteller..........
Posted Wed Jan 17, 2007 3:31 am GMT by khaosanroad
| Geno wrote: | | They are wandering down the money laundering route now which could be bad news for these guys as it is such a hot topic in the financial world with the advent of online companies such as Neteller. Not sure I'd sleep soundly right now if I ran Neteller.......... |
nah! I'm sure they are sleeping soundly in a foreign country on their cash filled matresses.
What's your sleep number?
Neteller CEO: "6.5 million"
Posted Wed Jan 17, 2007 4:45 pm GMT by TheSalche
Good news from cardplayer.com
They suspending InstaCash deposits in the US ... w00t
Posted Wed Jan 17, 2007 4:58 pm GMT by UrAteUp
| TheSalche wrote: | Good news from cardplayer.com
They suspending InstaCash deposits in the US ... w00t |
Are all the poker sites and net wallet sites going to put the nail in the coffin for US players now?
Anyone know of another wallet site to transfer money in and out of sites?
Posted Wed Jan 17, 2007 5:52 pm GMT by vyni
I see the posted contact from bodog in other thread named click2pay as a remaining option. I had thought they left the US market already, but apparently I was wrong.
I dont believe pokerstars is accepting click2pay, but tilt and bodog are. I'm wondering what prompted bodog to drop neteller as I see no news or comment from the neteller group indicating a policy change on their end yet.
Posted Wed Jan 17, 2007 5:59 pm GMT by arras
| vyni wrote: | | II dont believe pokerstars is accepting click2pay, but tilt and bodog are. I'm wondering what prompted bodog to drop neteller as I see no news or comment from the neteller group indicating a policy change on their end yet. |
Check their FAQ, somebody just posted on 2+2 that Netteller is out of the US for the time being.
http://content.neteller.com/content/en/member_businessupdate.htm
Posted Wed Jan 17, 2007 6:24 pm GMT by vyni
Ouch. Well, Click2Pay stands to make alot of money for awhile. lol.
Posted Wed Jan 17, 2007 7:00 pm GMT by xDiamond_CutteRx
Well, it looks like EFT's are still available; it's just InstaCash that is invalid. Still, I'm getting paranoid. Soon as I get my iPod in a few days, I'm cashing off the online scene. *Sigh*
Posted Wed Jan 17, 2007 10:49 pm GMT by Soup_dog
dammit. Neteller is gone. I'm screwed. How trustworthy is click2play?
Posted Wed Jan 17, 2007 11:04 pm GMT by xDiamond_CutteRx
Yes, someone please tell me how the hell I can get my money out of Stars.
God, this comes one day too late. Seriously, just one day.
Guess I can go the paper check route. Those should still be ok for the moment. I would just hate for something like that to get lost.
Posted Thu Jan 18, 2007 12:34 am GMT by lwestatbus
I had c. $225 in NeTeller and decided I'd better move it. Decided (just a few minutes ago) to go ahead and risk moving it into PokerStars. Went through the Stars process and received a dialog box telling me that NetTeller would not service deposits for US players. Proceeded anyway and the transaction was declined!!
Then logged into NeTeller and requested an EFT back to my bank account. This request was accepted and indicated a 1-2 day transaction period. I'll let everyone know if it was accepted.
Stars did indicate that they could accept an e-Check (or something like that) directly from my bank. You've got to admire those Costa Ricans!!
Posted Thu Jan 18, 2007 1:01 am GMT by xDiamond_CutteRx
e-Checks should still work until July at least, for most banks.
EFT's to and from your bank account will still work 100% guaranteed.
Posted Thu Jan 18, 2007 2:12 am GMT by groton
epassporte works wonders I use them and have never had a Problem
Posted Thu Jan 18, 2007 2:19 am GMT by General Sal
Well, I got the Neteller notice myself today. Funny thing was I was contemplating a deposit either today or tomorrow.
Posted Thu Jan 18, 2007 7:24 am GMT by UrAteUp
Groton,
Any hidden charges for epassport? Sal posted on another link that it was 5% to get money in. Any other charges?
Posted Thu Jan 18, 2007 10:20 am GMT by kingetje
so neteller is out of business for USA members... wow. thats sad.
theyre really trying to crack things down
Posted Thu Jan 18, 2007 1:28 pm GMT by groton
| UrAteUp wrote: | Groton,
Any hidden charges for epassport? Sal posted on another link that it was 5% to get money in. Any other charges? |
Iv never seen any unisual charges on my Credit card
thoe iv never withdrawn with Epassporte I used Netteiler the few times iv withdrew
Posted Fri Jan 19, 2007 8:47 am GMT by BMiller1980
Here is the letter I received from FT...I'm sure you all received the same one 
Dear BMiller1980,
As you may be aware, NETeller has announced that it will no longer accept transfer requests from U.S. customers to online poker sites or allow withdrawals from online poker sites to your NETeller account, effective immediately.
As a player who used NETeller or Instacash, we want you to know that any money you currently have on deposit with Full Tilt Poker remains completely safe and secure, and is available for play or withdrawal. If you are interested in withdrawing your money from Full Tilt Poker, please click here to find out how.
Rest assured, we remain committed to providing you with access to all of our games and tournaments, and these developments will not change your day-to-day playing experience at our site. Furthermore, any monies that you deposit with us - through any of our approved payment processors - will remain completely safe, secure and accessible at any time.
Sincerely,
Full Tilt Poker
Posted Fri Jan 19, 2007 9:02 am GMT by kingetje
so why exactly is business closed for US members?
its because of the arrests? but it said | Quote: | | Nor is it known at this time if the two men are being detained for anything having to do with their involvement in NETeller. |
or is it strictly so money cant be transferred to gambling sites?
and why the arrests?
this is all very confusing
Posted Fri Jan 19, 2007 12:23 pm GMT by vyni
Here's netellers press release on the subject.
Posted Fri Jan 19, 2007 4:03 pm GMT by xDiamond_CutteRx
Translation: Neteller is a bunch of wussies! 
Posted Fri Jan 19, 2007 5:05 pm GMT by UrAteUp
| Sean_in_NJ wrote: |
Viva la Revolution! |
Posted Mon Jan 22, 2007 11:30 am GMT by vyni
Here's latest info from compatiblepoker.
Claims click2pay has even stopped accepting new US accounts, but existing account continue to work?
| Quote: | Central Coin Jan. 18 - The website is currently unoperational. It was confirmed...Central Coin is not taking US gambling deposits.
Citadel Commerce - Jan. 17 - Not accepting US gambling deposits anymore
click2pay - Jan. 19 - Existing users can still use them but no new US customers are not allowed to register.
eChecks - Jan. 18 - Many poker sites are beginning to decline echecks now.
EcoCard - Nov. 10 - Still accepting US gaming transactions. Verified through email support.
epassporte Jan. 17- The guy on the phone support said they will stay open after the 270 time period. The Neteller incident will not affect them.
eWalletXpress - Jan. 17 - Their policies are to still accept US gambling deposits without being affected by the Neteller incident.
Firepay - Stopped US transactions
Instadebit - Jan. 18 Absolute Poker verified they are leaving the US.
Merchant Banks - Any Merchant Banks that operate with gaming sites will be closed by RBS and Barclays. This is for the UK.
moneybookers - Oct. 25 - They suspended US gamblers from making transactions.
myCitadel - Jan. 17- Stopped all gambling transactions for US residents after Neteller closed to US gamblers.
Neteller - Jan. 18 - Completely left the US market.
Nexum - Jan. 18 - They have dropped US players
Payspark -Nov. 3 - They said it's business as usual but wouldnt comment on the gambling ban.
Paypal - They stopped taking gambling transactions many years ago.
UsemyBank - They are a Canadian company and don't accept US transactions
Western Union - WU is a good deposit option now but with them being a publicly traded company you could see the noose tighten.
Wire Transfer - Accepted among most sites. |
Posted Mon Jan 22, 2007 11:32 am GMT by vyni
Another intresting article related to the neteller issue...
| Quote: | War on Online Poker: DoJ Targets Banks in Britain
Department of Justice Wants Information about Poker Site's IPOs
The United States Department of Justice has expanded its war against online gambling across the Atlantic Ocean to the marbled floors of some of world’s largest financial institutions that have offices in Britain.
The Times of London reported Sunday that subpoenas have been issued against at least 16 banks to hand over information concerning their dealings with several online poker sites. It seems the DoJ is targeting online sites that trade their stock publicly on the London Stock Exchange. Online poker companies that floated on the LSE include PartyGaming, 888 Holdings, and Empire Online.
The subpoenas were issued by the Southern District Court of New York, which is the same district that's bringing a case of money laundering against two former NETELLER founders...
According to the London Times, the subpoenas were issued only days after President Bush signed the Unlawful Internet Gambling Enforcement Act into law in October, and were recently reissued. CardPlayer.com is working on getting a comment from the Southern District Court of New York to confirm the story and for more details.
A few of the banks targeted are HSBC, Dresdner Kleinwort, Credit Suisse and Deutsche Bank. The subpoenas asked for communication documents such as emails and telephone records concerning the online poker sites... |
Posted Mon Jan 22, 2007 12:19 pm GMT by lwestatbus
| lwestatbus wrote: | I had c. $225 in NeTeller and decided I'd better move it. Decided (just a few minutes ago) to go ahead and risk moving it into PokerStars. Went through the Stars process and received a dialog box telling me that NetTeller would not service deposits for US players. Proceeded anyway and the transaction was declined!!
Then logged into NeTeller and requested an EFT back to my bank account. This request was accepted and indicated a 1-2 day transaction period. I'll let everyone know if it was accepted.
|
The (slightly edited) quote above (from this thread) was from just after midnight EST on Thursday. The payment still has not processed to my checking account. I'll post status as I learn of it.
Posted Mon Jan 22, 2007 2:46 pm GMT by shorn7
| Quote: | The (slightly edited) quote above (from this thread) was from just after midnight EST on Thursday. The payment still has not processed to my checking account. I'll post status as I learn of it.
|
Don't hold your breath. I have had an EFT in "pending" status since 1/16/07 and talked with a VIP rep. today who said they expect EFT processing to take up to two weeks now due to high volume. YOur best bet is to transfer the $$ to your NETeller card and eat the $4 per $1000 to get it out.
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