Third Continuance in Neteller Case Granted
March 17, 2007
A court contact told Gambling 911 that the US government will ask for another extension during today's hearing involving NETeller co-founders Stephen Lawrence and John LeFebvre.
This would be the third time the matter has been rescheduled.
Lawyers for the two Canadians, who are out on $5 Million bail following their arrests this past January, are likely to be upset if the government seeks yet another extension. And their comments will be for all the public to hear, as a significant media presence is expected to gather at the courthouse today.
The two founders were arrested on a charge of conspiracy to transfer funds with the intent to promote illegal gambling.
Speculation that the government could drop its case against NETeller was strong enough Wednesday and Thursday to boost online gaming stocks Wednesday.
The court clerk's office told Gambling911.com Thursday afternoon that "The government is going to get another continuance tomorrow (Friday)."
It was not clear that the court would grant this third proposed extension.
Online poker players trying to get frozen funds out of Neteller have been told their funds are being held as part of evidence in the Neteller case. So another continuance means that their funds would continue to be prevented from being released by the government.
Third Continuance in Neteller Case Granted
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Originally Posted by NeedProtection
