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still waiting for Neteller cashout



Posted Wed Mar 21, 2007 12:24 am GMT by mackkie
I just randomly remembered that neteller was processing my $100 cashout before they shut down. Should I just consider this money lost and there isnt much I can do about it or should I still be expecting it at some point?

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Posted Wed Mar 21, 2007 7:51 am GMT by vyni
Neteller has just announced that it has signed an agreement with the US authorities for the transfer of funds back to its US customers. They hope the process will be completed within 75 days.

Quote:
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.

Further updates with relation to the US situation will be made as soon as there are any material developments. In the meantime, US customers should visit updates.neteller.com for more information, including newly updated FAQs that provide additional clarity, where the Group is able, around certain issues currently being raised in a number of public forums. Additionally US Customers can contact NETELLER Customer Service on the web or by phone at 1-888-258-5859.



Posted Wed May 23, 2007 9:52 am GMT by mackkie
Hey guys, just checking to see if neteller is still going to give me my $100 i cashed out...I havent been keeping up on the whole neteller problem, but i sure hope i get my $100 soon.





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