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Second NETeller co-founder pleads guilty

10 July 2007

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.

Second NETeller co-founder pleads guilty is republished from Online.CasinoCity.com.
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Best of Vin Narayanan
Vin Narayanan

Vin Narayanan is the managing editor at Casino City. When he's not writing or editing stories, he likes to play Chinese Poker, Badugi, Razz and any other "non-traditional" poker game. He also thinks blackjack is his best game and loves game theory.

Before joining Casino City, Vin covered (not all at the same time) sports, politics and elections, wars, technology, celebrities and the Census for USATODAY.com, USA WEEKEND and CNN.

A proud graduate of Michigan State University, Vin can be found on most nights and weekends trying to find a way to watch the Spartans play football or basketball.

Vin Narayanan
Vin Narayanan is the managing editor at Casino City. When he's not writing or editing stories, he likes to play Chinese Poker, Badugi, Razz and any other "non-traditional" poker game. He also thinks blackjack is his best game and loves game theory.

Before joining Casino City, Vin covered (not all at the same time) sports, politics and elections, wars, technology, celebrities and the Census for USATODAY.com, USA WEEKEND and CNN.

A proud graduate of Michigan State University, Vin can be found on most nights and weekends trying to find a way to watch the Spartans play football or basketball.