The lawsuit against NETeller founders John Lefevre and Stephen Lawrence has been continued for another month, until April 16th. The case was originally scheduled to be heard on February 14th, but was extended until today "in the interest of justice." The District Attorney of New York asked for another continuance today and was granted it by the judge until April 16th. It is unknown why another extension was given, but it will raise some alarm bells in the gambling community. NETeller has been working with the government ever since the U.S. Department of Justice seized $55 million of American customer's money from NETeller's ACH system, and since then they essentially cut off access by American's to the other funds held in an escrow account in a British bank. This raises both concern and excitement for gamblers who have money tied up. The concern is that NETeller may be willing to implicate American bettors in exchange for dropping the charges against Lefevre and Lawrence, but there is also a chance that the U.S. Department of Justice may just be prepared to give up on the case altogether, which in turn could result in the return of all seized and held up funds.
As always, I will attempt to find out the truth as to why there was a continuance and will keep everyone updated.