10th-July-2007, 09:02 PM
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Managing Editor, Casino City
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Join Date: Oct 2006
Posts: 503
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Thanked 44 Times in 24 Posts
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Here's quick story on the plea:
Quote:
Second NETeller co-founder pleads guilty
July 10, 2007
by Vin Narayanan NETeller co-founder John Lefebvre pleaded guilty Tuesday to a conspiracy charge related to the processing of millions of dollars in gambling transactions, according to Reuters.
The guilty plea is similar to one filed by fellow NETeller co-founder Stephen Lawrence earlier this month.
Both Lefebvre and Lawrence admitted to wrongdoing in their pleas. Lawrence said "he came to learn that laws existed in the United States barring the transfer of money for the purposes of promoting gambling, which led him to the understanding that what he was doing was wrong," according to a statement from the U.S. Attorney's Office for the Southern District of New York.
Lefebvre made a similar statement according to Reuters. Both men face a maximum of five years in prison.
Lawrence's sentencing date is Oct. 29. Lefebvre's is Nov. 1.
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