Neteller Trades Again

Business is finally starting to return to normal for NETeller. After a six-month suspension from the London Stock Exchange (LSE) they have finally been able to return to trading. At the time the stock was frozen it was at 176 pence (3.61 US) rate. The first day back to live trading, their shares bottomed out at 63 pence (1.29 US).

In January NETeller came under investigation by the United States District Attorney when the co-founders Steven Lawrence and John Lebvre were arrested and charged with conspiracy surrounding their dealing with millions of U.S. dollars and transactions to and from online gambling. At that time all money in accounts for U.S. citizens, were frozen, and have yet to be cashed out, although the path has been opened to release it. The nearly 60 million dollars of frozen customer money has been a topic for discussion since the difficulties began in the United States.

Recently, in an effort to avoid further difficulties elsewhere, NETeller has adjusted their dealing in Israel to eliminate gambling transactions for Israeli citizens.