By Adam Ulick | July 18, 2007

It appears as if the Neteller debacle will soon come to an end for American customers.The company announced today that the United States Attorney’s Office (USAO) investigation has been concluded and that it is just about time to get people their money back.

Neteller had wanted to make this announcement last week, but it said it needed to wait until the investigation was over.When a resolution was delayed, a big groan could be heard around the online poker world, as millions of dollars remained frozen.But fortunately, while the overall wait was long, the additional wait was short and customers should expect to see their funds within the next couple weeks.

The official process will be detailed in an e-mail and on Neteller’s site in the near future, but the company says that customers will be able to login and initiate a cashout no later than the end of the month.

In the meantime, Neteller was required by the USAO to admit it committed a crime in promoting money transfers from U.S. residents to online gambling sites.Neteller will not be prosecuted, however, provided it meets various conditions of the settlement over the next two years, including cooperating with the USAO in ongoing investigations and paying the U.S. $136 million in penalties.

Related posts:

1. U.S. Funds Still in Neteller Limbo
   Troubled e-wallet Neteller announced in June that, working with the United States Attorney’s Office (USAO), it had come up with...
2. U.S. Customers to Receive Neteller Funds
   Neteller, the immensely popular e-wallet for online poker players until it closed its doors to both Americans and Canadians earlier...
3. Former Neteller Execs Concede Defeat
   Within two weeks of each other, Neteller co-founders Stephen Lawrence and John Lefebvre gave up in their fight with the...
4. Canada Feels America’s Pain: No More Neteller
   In a shocking turn of events, Neteller announced this week that it will cease service to Canadian customers, effective April...
5. Citadel commerce reaches expensive resolution with US Department of Justice
   There is no “get out of jail free” card when the US DoJ is involved. To prevent arrests and heavy...