12th Jul 2007 08:00
NETeller PLC12 July 2007 NETELLER PLC (the "Company") UPDATE ON US SITUATION REGARDING FORMER DIRECTORS Thursday, 12 July 2007 - NETELLER Plc (LSE: NLR), the independent global onlinepayments business, today issued the following statement regarding theannouncement on Tuesday, 10 July 2007 by the United States Attorney's Office forthe Southern District of New York (USAO) regarding Mr John Lefebvre, one of theCompany's former directors and founder shareholders. According to the USAO announcement, Mr Lefebvre has pleaded guilty to a chargeof conspiracy in connection with his role in NETELLER's prior involvement inhandling financial transactions between gambling customers in the United Statesand offshore internet gambling businesses. In relation to this charge, MrLefebvre also admitted to allegations requiring him to forfeit at least US$ 100million jointly with Mr Stephen Lawrence, who pleaded guilty to a similar chargeon 29 June 2007. Other than as shareholders, neither Mr Lawrence nor Mr Lefebvre has any currentposition with or connection to NETELLER. As stated in the Company's announcement of 2 July 2007, NETELLER is continuingto cooperate with the investigation being conducted by the USAO, under theadvice of its legal advisers and in accordance with court orders in the Isle ofMan. The Company remains in discussions with the USAO for the purpose ofresolving the investigation and has advised the USAO that it will use its bestefforts to resolve the investigation on or soon after 13 July 2007. However,the Company believes that these and other recent developments will likely delayits efforts to resolve the investigation by a short period. A further updatewill be given on 13 July 2007. The Company's ordinary shares will continue to be suspended from trading.Further information will be announced as and when it becomes available. Enquiries: Andrew Gilchrist, VP Communications + 44 (0) 1624 698 713NETELLER Plc Citigate Dewe Rogerson + 44 (0) 207 638 9571Sarah Gestetner/Sebastian Hoyle/George Cazenove If you have any further queries relating to the above, please contact theCompany's nominated adviser on +44 (0) 20 7991 8888. Notes to Editors The NETELLER Group Trusted by millions of consumers to transfer billions of dollars each year, theNETELLER Group operates the world's leading independent online payment business.The Group specialises in providing innovative and instant payment services wheremoney transfer is difficult or risky due to identity, trust, currency exchange,or distance. Being independent has allowed the Group to support thousands ofretailers and merchants in many geographies and across multiple industries.NETELLER Plc is quoted on the London Stock Exchange's AIM market, with a tickersymbol of NLR. NETELLER UK Limited is authorised by the Financial ServicesAuthority (FSA) to operate as a regulated e-money issuer. For more informationabout the Group visit www.neteller-group.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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