Neteller to return funds to USA Citizens . If your currently looking for a way to deposit and cash out of online casinos please see our section on Depositing from the USA
Neteller has announced it has signed an agreement with the US authorities for the transfer of funds back to its US customers. The company hopes the process will be completed within 75 days.
Meanwhile, Sportingbet has announced it has reached an “amicable resolution” with the St Landry district attorney in Louisiana. In a statement to the London Stock Exchange this morning, the company said all
When will US customers get their money back?
The recent agreements between NETELLER, Navigant Consulting, and the US Attorney’s Office (USAO) represent an important step in the process of an orderly distribution of funds to US customers. These agreements outline the terms and a timeline under which NETELLER will work toward distributing the funds. As a result, the Group anticipates that within the next 75 days it will be able to announce the plan by which the funds will be distributed to US customers.
Who is Navigant and what will they be doing?
In negotiation with the USAO, NETELLER has agreed to engage independent firm Navigant Consulting Inc., to provide financial consulting and forensic accounting services to the Group, including oversight of the process of returning funds to US customers.
How will funds be distributed to US customers?
The actual mechanism for how funds will be distributed to US customers will be determined during the next phase of the process. The USAO and Navigant must approve the distribution plan and we expect to be in a position to announce the distribution plan within the next 75 days.
Why will it take so long for US customers to get their money back?
NETELLER and the USAO intend to ensure an orderly return of funds to US customers and such a process takes time to establish and execute.