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Neteller, Extended Sending of Money
 July 10, 2007, 11:51 am (4 years ago)The source of controversy, Neteller had already announced that in an atypical press release because of the investigations by US authority, the yearly accounts this year has already end at December 31, 2006 is not yet final to send it at June 30, 2007.
This entails that Neteller will not be able to comply in Rule 19 by AIM Rules requiring AIM’s listed companies to send their account to the shareholders for at least 6 months at the end of the financial year.
There is a seized operations with London AIM for their company when the founders were taken under arrest, Steve Lawrence and John Lefebvre, remained under $5 million bail, confinement is in the government of US and not yet tried for allegations towards money laundering in a 6 court duration.
The company had withdraws their US, Turkish, Canada markets and pursue a long drawn out discussions with Department of Justice officials in US from the Attorney’s Office in Southern District of New York.
This was acted upon by the advisers of their legal advisers and according to the orders of the court in Isle of Man. A $55 million was understood from the players monies have been hold up as the Neteller advised.
The company is hoping that they are finalizing their involvement with America on July 13 2007 and they are doing their best to finalize and post audit their accounts.
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