Neteller Executives Arrested in US

After some arrests this summer of some online gambling executives in the US, it seemed like a pretty clear message was sent to people in the industry not to do any traveling here. European money transfer firm NETeller announced that two of its former directors have been detained while traveling in the US. What makes the story particularly strange is that the company claims the two individuals no longer have any operational role at the company, and are simply shareholders.

Neteller released official statements on Tuesday announcing that the two arrested founders no longer held positions with the company and therefore had nothing to do with them. Although they were right on one point, neither still work for Neteller, investigative reporters found that each still holds more than 5% of the shares of the company.

The company representatives continued to say the arrests would have no effect on how they operate in the future. Unless…