Neteller exec’s arrested

U.S. prosecutors have delivered a severe blow to online gambling companies that are flouting a U.S. ban on Internet gambling by arresting two founders of payment processor NETeller.Britain’s NETeller closed its U.S. Internet gambling services on Thursday, wiping out over 65 percent of its business, after two of its founders were arrested there this week.

NETeller is the latest target of a U.S. crackdown on online gaming, which began with the arrest of BETonSPORTS Chief Executive David Carruthers in Texas last July.

More proof that if the feds cant get a piece of the action, they outlaw it.

~ by antifed on January 19, 2007.