YouTeller Is Legit Says Brit F.S.A.
Published: Thursday, February 08, 2007 Online-Casinos.com
YOUTELLER IS LEGIT SAYS BRIT F.S.A.
Initial confusion over new e-wallet company
In the turmoil caused by NETeller's enforced exit from the US market (see previous Online-Casinos.com/InfoPowa reports) U.S. players have seen new alternative e-wallet names popping up amid advisories to be cautious regarding deposits. In past weeks brands like NuCharge (Bodog), InstaPAY (Intertops) and MyWebATM (Full Tilt) have all come to the fore and are being evaluated by many players determined to continue with online gambling.
One name due for launch in March this year that caused some confusion because of mistaken associations with an unrelated company this week was Youteller.com, a subsidiary of London-based Seed Capital Ltd, which is regulated by the UK's Financial Services Authority (FSA)
Following initial confusion with an insurance mediation company and some pretty wild online speculation, an FSA spokesman moved this week to clear up the confusion regarding an allegedly false claim to FSA certification by the new payments processor.
The spokesperson confirmed that the FSA has granted a 'small e-money certificate' to YouTeller, the registered trademark of Seed Capital Limited. He went on to explain that the confusion arose because there is another Seed Capital Ltd to be found on the FSA register with the same name. The contact for this company is Oxford Technology Management, a firm which undertakes insurance mediation.
The spokesperson concluded that they had "no reason to suppose that any false FSA claim has been made in the case of this small e-money issuer called Seed Capital Limited."
The contact for the FSA certification at YouTeller is Johannes Knierzinger, a co-founder of YouTeller, though his name does not appear as a director in the Companies House registration. Florian Schweitzer, an Austrian national is the only director named.
Schweitzer confirmed that his company intends to enter the US gambling transaction market, but added that he had not yet revealed the detailed plan to the FSA. "We have the ability to do that, but we have to wait until we receive the advice of our legal advisors" he said.
Googling the available information on Youteller and personalities allegedly involved with the company produces some interesting detail, if the references and cross references are correct.
A Johannes Knierzinger and one Florian Schweitzer, both in their mid-twenties were students in Vienna and belonged to a liberal group called LSF (Liberal Student Forum) in 2005. LSF executive committee members were Nina Krassnitzer, Philipp Wissgott, Johannes Knierzinger and Florian Schweitzer, with Knierzinger described as a journalism and communication under-graduate.
Seed Capital Ltd was registered at Companies House in October 2006.
One player investigating the new e-wallet before considering a deposit when it opens found an advert for Youteller put up on the YouTube.com site 2 months ago by a 24 year old from Austria at http://www.youtube.com/profile?user=youteller
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