how are electronic funds held in court?

Cue general panic.


Stop.

First things first. This is the US Government talking. They lie. Then they stretch the truth. If they're feeling particularly good that day, they then confuse the issue. Then they lie some more.

So some money somewhere got seized. Neteller's funds? Not kept in a US Bank. It's possible, but not probable the funds in question have been frozen in offshore accounts, but in no way is it conceivable that the financial wheels of change have moved quickly enough to actually move the money in question, even electronically. There are just too many forms involved. Most probably, what the Gov't means is that some inbound EFTs from Neteller were seized at the point of recept (local banks).

So what do we know, now that this wonderful article has been published, that we didn't know before? Zip.

/resume general panicking