It appears from recent communications that e-cash processor Neovia Financial plc (then Neteller plc) has achieved a clean slate from US Justice officials.
The company’s founders, Stephen Lawrence and John Lefebvre, fell foul of federal authorities back in 2007 which ultimately led to Neteller pulling out of the North American market and extensive negotiations with US officials. These culminated in an agreement to forfeit $136 million and admit to operating an “unlicensed money transmitting business” and participating in the promotion of “unlawful transactions” between online gambling operators and players in the United States.
The Justice Department’s side of the agreement included an undertaking to defer prosecution for a period of two years, and this period has now expired, concluding the agreement and lifting the threat of any prosecution for past issues from Neovia – the successor to Neteller and parent of the old company.
This week the US Attorney’s Office for the the Southern District of New York confirmed the expiry by furnishing Neovia with a copy of the Notice of Dismissal of the Complaint filed against it in the United States District Court for the Southern District of New York.
The Notice of Dismissal means that Neovia has met all the conditions of the Deferred Prosecution Agreement and will no longer be subject to monitoring.