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Beggar to Billionaire to Busted

The Malibu Times printed another boring Neteller scandal article this morning, but this one painted an even more bizarre picture of one of the Neteller Two that is much more interesting than all of the other "he became a hippy musician" stuff that I've read.

"One of the reasons I didn't get dragged into the downtown, upper-crust, law-circle things is, I never really did concede to working the long hours, as much as I could have or maybe should have," he is quoted in the U of C newspaper. "It was always more compelling for me to get home to see my daughter."

Facing a midlife crisis in his '40s, he quit his job as lawyer and then begged in the train stations of Calgary for change to buy food, according to the campus newspaper. He ended returning to legal work to pay back friends and then met up with a former client, who later became chairman of NETeller, Stephen Lawrence. Lawrence was operating an online casino in Costa Rica, and wanted a more efficient money transfer system. Lefebvre worked with a computer programmer and built NETeller. The company gained a percentage off each transaction from the casinos, smaller than what the casinos had to pay credit card companies, and it provided better security against fraud.

Just to clarify... we have been trusting our money (by the billions) to a guy that was begging for loose change in a subway.


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