SBR Top-Rated Sportsbooks Recommended Books
1. Pinnacle Sports SBR Rating A+ Pinnacle Sports Review
2. The Greek Sports Book SBR Rating A+ The Greek Review
3. BookMaker SBR Rating A+ BookMaker Review
4. BetJamaica SBR Rating A+ BetJamaica Review
5. LegendZ Sports SBR Rating A+ LegendZ Review
SBR Posters' Poll - March 2009 View Complete Results
1. BetJamaica 251 total points BetJamaica Review
2. The Greek Sports Book 217 total points The Greek Review
3. 5Dimes 181 total points 5Dimes Review
4. Matchbook 159 total points Matchbook Review
5. Pinnacle Sports 148 total points Pinnacle Sports Review
Reply View New Posts
 
LinkBack Thread Tools
Old 01-30-07, 04:01 PM   #1
CA_Bettor06
 
CA_Bettor06's Avatar
Joined: 02-03-06
Posts: 59
 
Default Could US Gov confiscate pending EFT funds?

It's looking pretty bad right now. Two weeks ago Neteller was saying that pending EFTs will be processed by now. If you talk to them now, they will say they have no idea when the EFT processors will release the funds. I don't think anyone in the US has actually received their EFT funds since 1/17.

If the problem was merely a backlog due to the volume of EFT requests then we will be hearing about people actually receiving their EFT. But there seems to be a complete halt in all EFT transactions involving Neteller. My theory is the US Gov has made threats against the EFT processors and they are too scared to release the funds. In the meantime, the US Gov is working on some kind of legal justification to confiscate these funds. The money will be used to enforce the anti-gambling law.

If any US resident put money in Neteller and sent money to offshore gambling sites since the legislation was passed in October, then they knowingly broke the law. Therefore, can't the US Gov make a strong case that the money was used illegally and should be confiscated?

The only reason I can think of why the EFT processors are not releasing any funds is because they US Gov is telling them not to.

Of course, my theory will be (hopefully) wrong if some one (anyone) can say they have received an EFT deposit in their US bank account since 1/17/07.
Reply With Quote Multi-Quote This Message Quick reply to this message
Old 01-30-07, 05:30 PM   #2
genyes
 
genyes's Avatar
Joined: 01-14-06
Posts: 69
 
Default

Excellent idea! Let's spread the rumor that the government is going to take our money. The more rumors the better. Let's all panic together.
Reply With Quote Multi-Quote This Message Quick reply to this message
Old 01-30-07, 05:34 PM   #3
Milkin' it Slowly
 
Milkin' it Slowly's Avatar
Joined: 10-18-06
Posts: 145
 
Default

Not against the law to place bets, CA... do some homework!!!
Reply With Quote Multi-Quote This Message Quick reply to this message
Old 01-30-07, 08:02 PM   #4
increasedodds
 
increasedodds's Avatar
Joined: 01-20-06
Posts: 497
 
Default

If the US government was able to claim neteller was promoting terrorism or a national concern and threw in the Patriot act, yes, they could seize EFts as they hit US bansk.

Likewise, they could freeze funds in a UK bank.

Bottom line is the US is not going to try to freeze a UK bank over gambling.

Also, your EFTs are not pending. They dont pend for 14 days. Neteller cant find a bank who will send them and most likely they dont want them subject to a freeze...

Imagine this:

Neteller dudes arrested
95% of neteller emptied by EFTs in a day.
Feds seize EFTs

It is much much more prudent of neteller if they find or have a processor to process a few % each day.

Sean
Reply With Quote Multi-Quote This Message Quick reply to this message
Old 01-31-07, 01:47 PM   #5
jumper
 
jumper's Avatar
Joined: 09-09-05
Posts: 338
 
Default

my concerns are left unanswered by the fact that noone is allowed to travel outside the u.s,to the isle of mann or to netellers canadian office to collect a check that could only be cashed outside the us federal reserve system.my fear is also related to the u.s. government wanting a look at who has money in neteller.i,m afraid neteller may sell their u.s. customers out if it will benefit their founders plea dealing.the idea of opening a canadian acct,will all the major hassels(utility bill 30 days to obtain,etc)is somewhat squashed by the 1.9% foreign currency transaction fee attached-a hefty sum on a large amount.i,m very confused and concerned.i was wrong to think this was a safe secret stash
Reply With Quote Multi-Quote This Message Quick reply to this message
Old 02-01-07, 04:09 AM   #6
pags11
 
pags11's Avatar
Joined: 08-18-05
Posts: 11,189
 
Default

this is really scary stuff...
Reply With Quote Multi-Quote This Message Quick reply to this message
Reply

Thread Tools
Display Modes



All times are GMT -5. The time now is 02:15 AM.


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33