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Breaking News: The co-founder of NeTELLER pleaded guilty today to a charge of criminal conspiracy.

Stephen Lawrence admitted in court today that the operation illegally helped Americans place bets online, "I came to understand that providing payment services to online gambling Web sites serving customers in the United States was wrong."

His lawyers say he was cooperating with investigators and has agreed to be partly responsible for the $100 million the government is seeking to recover from people involved in the operation.

Another NeTELLER director, John David Lefebvre, was also arrested back in January as part of the U.S. crackdown on illegal online gambling.