US Seizes Poker Funds from Neteller

Money was taken from online money mover Neteller recently by the US Government as part of their crackdown on what they consider illegal online poker activity as per the October 2006 passage of the Unlawful Internet Gambling Enforcement Act (UIGEA). Neteller confirmed this in a press release saying that the amount of funds was around US $55 million; the money was taken by the United States Attorney's Office for the Southern District of New York which is handling the case against Neteller's two founders. It is unknown at this point if this will interfere with Neteller providing funds requested by account holders when they make withdraws.