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Neteller Founder Lefebvre Pleads Guilty in Internet Gambling Case

Neteller Founder Pleads Guilty John Lefebvre, the co-founder of financial transaction service company Neteller, today plead guilty to charges of conspiracy to conduct illegal Internet gambling transactions. Lefebvre is the co-founder of Neteller along with friend, Stephen Lawrence. Lawrence was the first to plead guilty to the same charges last week.

In the plea deal, he agreed to cooperate with prosecutors and testify if necessary. He also agreed to be partly responsible for the $100 million the government is seeking in restitution, the same plea deal that Lawrence agreed to last month. The plea deal will most likely keep Lefebvre, 55, out of jail.

John Lefebvre has been described as a hippy, happy-go-lucky, guitar playing guy who is not seen as criminal in the eyes of friends. However, the United States Department of Justice disagrees.

The two co-founders of Neteller were arrested in January and both vowed to fight the charges against them. Neither, however, did.

The Internet gambling industry has seen a sharp cut in service from legitimate and regulated online sites to United States citizens since Neteller stopped serving the industry several months ago.

Now, the only sites available to Americans are ones that have have found ways to provide financial services that will allow online gambling transactions from Americans. The result has been Americans being able to easily deposit funds, while not having the ability to easy withdraw them.

The Unlawful Internet Gambling Enforcement Act's regulations were supposed to be instated today, however no response to calls from our reporters have been made as of yet from the United States DoJ.

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