Want the latest headlines for your commute? Browse from your mobile: www.econsultancy.mobi
Online payment processor Neteller has struck a deal with US authorities that will see the firm forfeit $136m (£66m) to avoid a prosecution related to its handling of online gambling proceeds.
The two founders of Neteller, Stephen Lawrence and John Lefebvre, were charged with conspiracy back in January as it was being used by US citizens to place bets through foreign-based internet gambling sites.
The two founders of online payments company, Stephen Lawrence and John Lefebvre, were last night charged with conspiracy in connection with what's being described as "money laundering", linked to internet gambling.
A FBI operation had discovered that Neteller was being used by Americans to place bets on sporting events via foreign-based internet gambling companies.
PPC search engine marketing by Browser Media
Proactive hosting and
managed services provided by
Netstore Plc
