NETeller stops transfer of gambling proceeds in US
NETeller Plc announced the closure of its US online transfer business in the wake of growing restrictions in the country. The closure follows last week's arrest of the two founders of the UK-based online money transfer company. NETeller founders Stephen Lawrence, 46, and John Lefebvre, 55, were arrested last week in the US and charged of handling billions of dollars in illegal gambling proceeds. The arrests were part of the US crackdown on online gambling business. NETeller said it will now focus on its operations in Europe, Asia and other parts of the Americas. Bloomberg quoted NETeller as saying that the company's US customers could still use their accounts, however, for non-gambling transactions.
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