while I have no doubt that Neteller’s inevitable removal from the London Stock Exchange is a disaster for its investors and probably for all those it still owes money to, I am also happy to see that this highly damaging saga is about to be concluded.

The troubles besetting Neteller range from the arrests of two founding members by the US Department of Justice and their subsequent pleading guilty to the withholding of US customers’ funds during an investigation into the company’s financial doings by the same US authorities. The latter is still ongoing.

For those of us in the online bingo world, both operators of online bingo halls and players of free online bingo games, the Neteller saga has been a troubling sore in that most important of online gaming sectors: Confidence in the online payment system.

There are bound to be more developments regards this story, and it’s believed a further announcement will be made today by Neteller. My only hope is that those US customers still waiting for their money will eventually get paid.

Written by John Witherspoon - Play bingo online at http://bingostreet.com/ and read celebrity gossip.

This entry was posted on Friday, July 13th, 2007 at 2:52 am and is filed under Online Bingo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.