NETeller Interest
Published: Monday, February 12, 2007 Online-Casinos.com
NETELLER INTEREST
With millions in 'cold storage' who gets the interest?
US players deprived of their Kneeler balances by the wrangle between the Isle of Man e-wallet and US government officials were this week asking the very valid question: "If our frozen funds are being safely held in a Kneeler trust account what interest is accruing on the money and will we be getting it?"
It's a legitimate concern with some $55 million reportedly involved....but it's one on which there was no information when InfoPowa tried to get a direct answer to the simple question, and a parallel enquiry of whether Kneeler solely controlled the trust account or are independent trustees involved in its administration.
A Kneeler spokeswomen first suggested an off-the-record call, which InfoPowa declined on the grounds that we were looking for an email documented public answer to a legitimate client question.
The spokeswoman's response to this was: "On the record, there is nothing to say over and beyond the formal announcements we've made."
As we commented to the spokeswoman, this is a pretty callous attitude to display toward clients who are legitimately concerned about what is happening to their money in NETeller's care.
There was no response.
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