Legal + Legal + Legal = Illegal?

The government, in it’s quest to control your life, is holding up people’s deposits with Neteller as “evidence”…

Neteller says U.S. authorities have frozen access to about $55 million in U.S.-based accounts.

“As a result of the restrictions placed by third parties, court-ordered seizures and related legal concerns, (Neteller) is unable to make payments to U.S. customers,” says a posting on the company’s website.

FBI agent Neil Donovan has said funds are being held in court as potential evidence. He did not provide a timetable on when customers may get their money back.

Though money-transfer companies such as Neteller do business with financial institutions and merchants, many also allow gambling companies to transfer money collected from U.S. gamblers to bank accounts outside the USA. Neteller last month closed its U.S. Internet gambling services, erasing about two-thirds of its business.

So let me get this straight. Gambling is legal, and often in states which don’t allow casinos, through lotteries and horse racing. The internet is legal, and accessing web sites all over the world is legal. Transferring money online is legal, and is the basis for all of eBay. Yet you put the three together, and you’re guilty of a moral crime and the government will seize your assets.

Just how does this make sense again? Neteller has stopped accepting gambling payments from US customers, so why would it make sense that Americans can’t withdraw the money that they currently can’t deposit into online gambling sites through Neteller anyway?

PS – I would point out that the restrictions haven’t stopped Americans from gambling online, or from transferring money to and from online casinos. As predicted, it has just moved the business from the “trusted” providers like Neteller to providers who are operating illegally and thus with much fees.

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  • http://www.thugreport.com Nick Kasoff – The Thug Report

    You’re forgetting the important point here: Gambling is only legal when the government is getting its cut, except for tribal gaming, in which case you could argue the government got their cut 250 years ago. The same is true with the internet – you can’t get web access without paying a variety of federally imposed taxes and fees. And transferring money is legal, but there are constraints placed on it by banking regs, the USA Patriot Act, etc. Bottom line is that you are free to do all of these things, so long as you do it when and how the government wants you to. Which, of course, makes it very easy to end up with frozen assets, criminal prosecution, and a variety of other goodies.

  • cosmic

    Hell, I just wanted to cash in the $50 I won playing online Poker, and ran into this sh*tstorm…

    It wasn’t “gambling” – it was a competition, with a cash prize offered by the vendor, Live Poker.

    Now it looks like my hard-earned prize will go begging.

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