NETeller announced today that it has entered into an agreement with the USAO to pay $136 million in exchange for a deferment of prosecution on criminal conspiracy charges. After two years, if the company abides by USAO rules relating to proof that it is no longer catering to U.S. citizens, the deferred charges will be dropped. Under the agreement the company will forfeit all money seized by the DOJ back in January and will also turn over more than $90 million held in escrow accounts by the company.
NETeller insists that it will return money to Americans who had the funds held up by the USAO and will implement a plan to return assets by July 30th. There was no mention as to what actions if any the US Department of Justice will take against U.S. citizens who file claim for renumeration. It's hard to envision how NETeller can afford to pay the massive fine and return a similar amount to American customers, but the filing states that the company is growing in Europe and Asia and thus has the funds to satisfy all parties.
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