Neteller

On 1/17/07 I requested a withdrawal of $1946.20 from Neteller. This amount represents more than half my current bankroll. As of today 2/3/07 the transaction is still listed as pending. I doubt I will ever see the money again. I fully expect Neteller which gets most of its business or got most of its business from the USA will soon go belly up. The funds are being held hostage in the labyrinth of the electronic banking system.

I'm usually an optimist, but the fact that Neteller hasn't issued a proclamation of when we may see our funds except for their limited FAQ's doesnt bode well for us. My guess is they are holding the funds pending the outcome of litigation that could take years. My guess is the DOJ(Dept of Justice) will not only go after neteller founders Stephen Lawrence and John Lefebvre, but they will subpeona the financial records of Neteller itself and find some kind of RICO violation. That would make all of us vulnerable under RICO. Although I highly doubt I will be wearing bracelets I highly doubt I will see my money.

I've read the posts on 2+2, Card Player and Lou Krieger's blog and have that feeling of AGITA that I had last October twelvefold. The fact that they suspended peer to peer transactions has only compounded that AGITA.

Sure I can start over but a $2k loss reduces me to grinder status again and I worked hard for that money. That severely dampens my plans for a nice Vegas trip in July unless I have a big score or put in lots of hours of over-time. Everything I have online is pure profit. I have never gambled bigger then I can afford to lose and I have managed my bankroll remarkably well. my initial investments of $100 to $200 from 2004 were withdrawn along with some winnings to pay for Vegas 2006.

So I did what I havent done in a long long time... I had myself a cry.