PokerPages > Poker News > Poker News
Neteller Apologizes to U.S. Poker Players on YouTube
Tue, Aug 7th, 2007 @ 12:00am
Neteller President and CEO Ron Martin appeared on a YouTube video giving a short and concise speech explaining and apologizing for his company freezing online poker player and online gambling funds of U.S. customers, and for the company's lack of communication.
Martin said he had followed blogs and other public opinion sites upset with the frozen funds, and acknowledged that the sensitive nature of negotiations with the Department of Justice was the factor contributing to their unusually weak communications with Neteller customers.
When Neteller reached a settlement with the DOJ, the settlement mandated that Neteller return to customers in the United States approximately $94 million which Neteller had on deposit in a foreign bank account.
Return of funds began 30 July, with over $40 million in withdrawals processed the first day, according to Martin.
Also in the video, Martin thanked U.S. customers for their understanding and patience.
A link to the Neteller YouTube video appears on the same page on the Neteller website as their Distribution Plan Summary. Click here to view the Distribution Plan Summary.
Here are some points from the Neteller video:
Also as part of the settlement, Neteller will pay a $136,000,000 penalty and will be monitored for at least 18 months as part of an agreement to defer prosecution. If Neteller fulfills conditions of the deferred agreement for 2 years, until July 2009, all charges will be dropped.
For more information visit Neteller's site, www.neteller.com.
Related Neteller Links:
Read Related PokerPages Articles:
Discuss this article in our forum
Print this articleMore Poker News Articles
PokerStars to Sponsor Irish Poker Championship
12am Wed Mar 31st, 2010
PokerStars.com, the world's largest online poker site, just announced that they will throw their substantial weight behind one of Ireland's major poker festivals, The Irish Poker Championship (IPC), as part of the new PokerStars.com UK and Ireland Poker Tour.
UIGEA Delayed 6 Months in Temporary Victory for Online Poker
12am Thu Dec 3rd, 2009
Days before the December 1 deadline for implementing the UIGEA, the U.S. government announced a six-month postponement of the poorly defined anti-gambling regulations. The U.S. Department of the Treasury and the Federal Reserve Board jointly released a statement moving the deadline for UIGEA compliance to June 1, 2010.
Fabrice Soulier Joins Everest Poker's Pro Roster
12am Thu Nov 26th, 2009
To further strengthen its support for French poker in anticipation of the opening of that market, Everest Poker has signed renowned French poker pro Fabrice Soulier as its latest ambassador.
HHPT Co-Sponsors Bayou Poker Challenge Ladies Event Dec. 20
12am Wed Nov 25th, 2009
The HighHeelsPokerTour (HHPT), the first all women's poker tour launched on the East coast, will wrap up their 2009 schedule at Harrah's New Orleans on December 20th where they will co-sponsor the Ladies Event #14 no-limit Hold'em at 12 pm.
OPPAGA Reports on Florida's Online Poker Options
12am Tue Nov 24th, 2009
Given that UIGEA permits individual states to regulate online poker, the Florida Legislature's Office of Program Policy Analysis and Government Accountability (OPPAGA) published a report this week presenting three options available to Florida State lawmakers in order to protect consumers from unlawful internet poker: regulate it, prohibit it, or carry on with the status quo pending federal legislation.
BC Poker Champion Arrested, Charged with Manslaughter
12am Tue Nov 24th, 2009
Just two days after taking down the BC Poker Championships Main Event, Sophon Sek of Cloverdale, BC, was arrested in connection with one of the most storied crimes in the Province's history.
Local Businessman Bags European Poker Tour Vilamoura Bling
12am Sun Nov 22nd, 2009
The European Poker Tour rolled into the Casino Vilamoura last week, instantly generating the richest poker prize pool in the nation of Portugal's history.
Keikoan Captures Harvey's Lake Tahoe WSOPC Championship
12am Thu Nov 19th, 2009
This week marked the finale of the biggest annual tournament series in Northern Nevada, the WSOP Circuit championship at Harvey's Lake Tahoe. While the Main Event saw only a modest turnout, it did boast of a tough final table, and a WSOP bracelet owner as the eventual champion.
WSOP Main Event Champ Joe Cada to Appear on Letterman
12am Wed Nov 18th, 2009
The poker world will receive some late night attention tonight as "The Kid" Joe Cada, the youngest champion in the four decade history of the World Series of Poker Main Event, takes a seat next to embattled talk show host David Letterman.
First Korean Champ of Asia Pacific Poker Tour Crowned in Cebu
12am Tue Nov 17th, 2009
Another stop on the Asia Pacific Poker Tour is in the books, this time it's the APPT Cebu in the Philippines, and for the very first time a Korean player has come out on top.
