Neteller founders arrested in America

[vegaslover]

Step by step the US authorities cut the ties by which Americans can play online poker. First the UIGEA gets the credit cards, now they go after Neteller.

Once they've made it impossible for Americans to play online poker with overseas companies, they'll legalise it for them to do so with US companies and Uncle Sam will get his chunk of tax.

I agree 100%. imho it's the only reason congress has bothered with all this.

[FlyingPig]

What would be the result if an American citizen transferred money into a Lloyds (of London) TSB account and get a Mastercard or Visa Card from this account/country, then transfer money into their poker account via this method. Would the American government try to take the board of directors of these companies to task in the USA.

[boldie]

What would be the result if an American citizen transferred money into a Lloyds (of London) TSB account and get a Mastercard or Visa Card from this account/country, then transfer money into their poker account via this method. Would the American government try to take the board of directors of these companies to task in the USA.

officially yes...in the real world? they won't mess with a proper bank. however Mastercard and Visa will be expected to uphold US law when it comes to depositing..even though the US government surely wouldn't mess with them

[Longy]

Nearly posted this in a new thread but after a read through appears to be US only but the noose is tightening across the pond.
Basically Neteller stopping transfers to merchants in next 12 hours.


http://forumserver.twoplustwo.com/showflat.php?Cat=0&Number=8798525&page=0&fpart=1&vc=1&nt=5

[FlyingPig]

Yeah... just tried to deposit on stars via neteller to see what it says, and it has already been suspended.. For U.S. customers

Hmmm..... How long left till the 270 or whatever days it was are up?

[boldie]

Yeah... just tried to deposit on stars via neteller to see what it says, and it has already been suspended.. For U.S. customers

Hmmm..... How long left till the 270 or whatever days it was are up?

unless Visa and mastercard + pokerstars give the finger to the US government this will be a disaster for online poker.

[thetank]

It's been a while since we've had a new sub atomic particle to get excited about.

Maybe they will now finally get off the pc poker and back in the lab where they belong.

[Dale]

http://content.neteller.com/content/en/member_businessupdate.htm

[byronkincaid]

well we knew it was coming but it's a sad day for poker nonetheless.

[byronkincaid]

Could take up to 2 weeks to get a withdrawal from Neteller to your bank because of unprecedented demand.

[fergus8]

no change in the share price, why would that be?

[tikay]

no change in the share price, why would that be?

Share prices anticipate future events, not past or current events, today's news is what's known as "in the price".

[fergus8]

i was gonna say something along those lines but i wasnt sure

[tikay]

When a quoted Company announces profits up, say, 50%, the share price generally DROPS, because the 50% rise was anticipated, & "in the price".

Now, let's look at, for example, British Airways. The Unions say "we are gonna go on strike" & Management says "sorry, no deal", & they have to cancel hundreds of flights. What happens to the share price? It rises. Why so? Because the City thinks "ah, that's good, there is gonna be a strike, that means management are being strong, not giving in, that's a GOOD thing". Conversely, when the strike is called off, the share price usually drops!

If a profit drop is announced, the price often rises, as the City had anticipated the fall, & now thinks the Company will get it's act together, or a takeover bid will emerge. Generally, well-run, efficient, companies do NOT get taken over, as there is no room for improvement, & their efficiency is in the price. Badly run companies - they are GOLDEN, because they can be improved. Bizarre.....

Share prices are a weird & wonderful thing. The Tokyo Stock Exchange rises, & my shares in, say, BT, rise. WTF is that about?

In the '87 crash, the Wall Street fell sharply, & the FTSE followed suit, my £27,000 portfolio became worth £13,000 overnight. Had anything changed to affect ANY of my companies earnings potential? Nope. That's shares for you. Cuts both ways though.

Oops, I got carried away there. Where were we?.......

[Royal Flush]

Oops, I got carried away there. Where were we?.......

Talking about trains, in particular the benefits of the steam powered locomotive.