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New Book On The Neteller Founders
Wednesday November 26,2014 : NEW BOOK ON NETELLER FOUNDER
Author examines the life and times of e-processor and wannabe rock star John Lefebvre.
Seven years ago the Canadian founders of the Neteller e-cash processing group, John Lefebvre and Stephen Lawrence, were arrested under intriguing circumstances following a covert investigation by the US Department of Justice as it implemented moves to disrupt the online gambling industry by "following the money trail"
At the time it created major and ongoing headlines until the duo reached an expensive settlement with the authorities and the story dropped off the pages of the mainstream media.
Those interesting times are now relived in a new Amazon-listed book about Lefebvre written by Bill Reynolds and titled "Life Real Loud: John Lefebvre, Neteller and the Revolution in Online Gambling."
The author unveils the other side of Lefevbre the innovative businessman, tracing his development from college days, where he is described as a former president of the University of Calgary Student Union who was "... an articulate, long-haired, dope-smoking, rock-’n’-roll-loving hippie who was generous almost to a fault."
Graduating with a law degree, he subsequently abandoned the profession in favour of an entrepreneurial business and financial career which proved to be a remarkable success.
His passion for rock 'n roll persisted through to 2007 when, at age 55 and with funds generated by his successful business affairs, he hired a top recording studio and backing artists for a fortnight to make some music.
The author examines the development of the Neteller concept and the subsequent disruptions caused by enforcement actions, observing that there was no criminal intent on the part of the founders, who believed on legal advice that they were not breaking any laws, albeit in the legally "grey" environment created by the unique properties of the internet.
And he looks at a very interesting individual, revealing:
"With the profit from Neteller and his stock holdings, he became a multi-millionaire. He started buying Malibu beach houses, limited edition cars, complete wardrobes, and a jet to fly to rock shows with pals.
"When that got boring he shipped his fine suits to charity, donned his beloved t-shirt and jeans, and started giving away millions to the Dalai Lama, David Suzuki and other eco-conscious people, as well as anyone else who might need a pick-me-up.
"And then the FBI came knocking on his Malibu door . . ."
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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