Online Betting Facilitators Laundered Billions: Charges

Law360, New York (January 16, 2007, 12:00 AM EST) -- Federal prosecutors have charged the founders of an online money transfer company with laundering billions of dollars in illegal gambling proceeds.

Former Neteller executives John David Lefebvre and Stephen Eric Lawrence, who created and operated the online payment system, are accused of using the company to move the proceeds of illegal betting offshore.

The charges, filed Monday in the U.S. District court in Manhattan, allege the two Canadian citizens enabled the transfer of billions of dollars of money from U.S. online gamblers to overseas Internet betting...
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