NETELLER Is Going To Return Funds To U.S. Customers Within The Next 75 Days.

The largest online gaming transaction processor NETeller signed an agreement with the United States Attorney's Office for the Southern District of New York which outlines the terms and timeline for which it will return funds to U.S. based customers.

NETeller representative says it will announce a plan to distribute frozen funds to U.S. customers within the next 75 days. US residents seeking more information please visit special site: www.updates.neteller.com or call the NETeller U.S. customer service line at 1-888-258-5899.

NETeller says it had no more than $55 million in US accounts seized by the U.S. Attorney's Office in the days following the arrest of the company's co-founders Stephen Lawrence and John LeFebvre.

"We continue to be committed to returning funds to our U.S. customers and working with the U.S. Attorney's Office," said NETeller President and CEO Ron Martin in the statement concerning recent move. "Progress, while not always visible to the outside observer, has been steady and these agreements mark a milestone in the process."

NETeller also signed an agreement with independent firm Navigant Consulting Inc., to provide financial consulting and oversee the entire process of returning funds to U.S. customers. Navigant is a New York-based firm that specializes in "providing litigation, financial, healthcare, energy and operational consulting services to government agencies, legal counsel and large companies facing the challenges of uncertainty, risk, distress and significant change."

The recent agreements between NETELLER, Navigant Consulting, and the US Attorney's Office (USAO) represent an important step in the process of an orderly distribution of funds to US customers. As a result, the Group anticipates that within the next 75 days it will be able to announce the plan by which the funds will be distributed to US customers.

Navigant claims to focus on "industries undergoing substantial regulatory or structural change and on the issues driving these transformations." as published on their website.

The actual mechanism for how funds will be distributed to US customers will be determined during the next phase of the process. The USAO and Navigant must approve the distribution plan and Neteller will announce the distribution plan within the next 75 days. Check out their specil website (www.updates.neteller.com) for more information.


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