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YouTeller "false" claims

Discussion in 'Online Casinos' started by Webzcas, Feb 6, 2007.

    Feb 6, 2007
  1. Webzcas

    Webzcas Winter is Coming! Staff Member

    Occupation:
    Webmaster
    Location:
    Block S25, South Stand, Ashton Gate, BS3
    YouTeller "false" claims

    A new payments processor which says it will be open for business in March this year appears to be falsely claiming to be certified by the UK Financial Services Authority (FSA).


    Just received this in my inbox from EGaming Review. Does anyone know anything more about this. I can't remember my login for EGaming Review to read the full article.

    Just be careful folks concerning new payment processors.
     
    1 person likes this.
  2. Feb 6, 2007
  3. aodat2

    aodat2 Senior Member PABnononaccred PABnoaccred2 PABaccred2

    Occupation:
    I have a job
    Location:
    Malaysia
    Excuse me??? Can I know what's so false about their claim??? Do you even know what you're talking about???

    Please note that YouTeller is a Trademark of Seed Capital Ltd. Do you know what that means? It means taht YouTeller is just a name, the real company is called Seed Capital Ltd.

    They are totally under the FSA's approved list. Please do check it out yourself. Don't be accusing them of anything or being false when you don't even know what you're talking about. GEEZ... Although I don't work for them or even have any relations with them, I HATE IT when someone accuses another company/person for being FALSE or etc!
     
  4. Feb 6, 2007
  5. soflat

    soflat Senior Member

    Occupation:
    Scientist
    Location:
    Florida
    So are you certifying that Yuoteller is completely on the up and up and everything is in order?
     
  6. Feb 6, 2007
  7. Webzcas

    Webzcas Winter is Coming! Staff Member

    Occupation:
    Webmaster
    Location:
    Block S25, South Stand, Ashton Gate, BS3
    Do not shoot the messenger. This was word for word from the email I received from E Gaming Review who are normally a reputable and reliable source.

    If you read my comment at the end of the post you would have noticed I said:


    I guess an apology is out of the question :rolleyes:
     
  8. Feb 6, 2007
  9. s163999

    s163999 Dormant account

    Occupation:
    Analyst
    Location:
    United States
    soflat, here's the full story from eGaming Review. It's been difficult to gather information on YouTeller and other new payment options for U.S. players, though NuCharge (Bodog), InstaPAY (Intertops) and MyWebATM (Full Tilt) do look like proprietary solutions. I wouldn't be surprised to see more of these.

    --

    A new payments processor which says it will be open for business in March this year appears to be falsely claiming to be certified by the UK Financial Services Authority (FSA).

    YouTeller claims on its website to be a trademark of a company called Seed Capital Ltd, and gives an address in east London. A link on the companys contacts page then diverts to the FSA register of Small E-Money Issuers where a company called Seed Capital Ltd is indeed listed.

    However, a search on the FSA website reveals the company behind Seed Capital Ltd to be Oxford Technology Management, a company based in Oxford. When contacted by eGaming Review, a spokesperson at Oxford Technology Management said the company had never heard of YouTeller.

    YouTeller also gives a registration number for Companies House in the UK on its website. A search under the number given comes up with the same east London address as the YouTeller website. The only director registered is one Florian Schweitzer with an address given in Austria.

    This Seed Capital Ltd was registered at Companies House in October 2006. The other Seed Capital Ltd, from Oxford, registered its name at Companies House in July of last year. Schweitzer is not registered personally with the FSA.

    A spokesperson for the FSA said the matter had been passed on to the relevant department for investigation.

    Neither YouTeller or Schweitzer was available for comment.
     
    5 people like this.
  10. Feb 6, 2007
  11. Webzcas

    Webzcas Winter is Coming! Staff Member

    Occupation:
    Webmaster
    Location:
    Block S25, South Stand, Ashton Gate, BS3
    Thanks for posting the full article :thumbsup:
     
  12. Feb 6, 2007
  13. spearmaster

    spearmaster RIP Ted

    Occupation:
    Devil's Advocate
    Location:
    Heaven
    Geez, aodat... I think it's you who need to do a little research before jumping on people... calm down bro...
     
    11 people like this.
  14. Feb 7, 2007
  15. respira

    respira Dormant account

    Location:
    fort worth
    I found this on youtube it is an ad for youteller put on their 2 months ago by a 24 yr. old from Austria
    You must register/login in order to see the link.

    "YouTeller also gives a registration number for Companies House in the UK on its website. A search under the number given comes up with the same east London address as the YouTeller website. The only director registered is one Florian Schweitzer with an address given in Austria"
     
  16. Feb 7, 2007
  17. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    ....who has also come out of the woodwork and posted at WOL incidentally.
     
    2 people like this.
  18. Feb 7, 2007
  19. respira

    respira Dormant account

    Location:
    fort worth
    This is what he posted at WOL

    Dear Madam, dear Sir,

    Seed Capital Ltd. is the owner of a 'Small E-Money Issuer Certificate'. The Oxford based 'Seed Capital (Publishing) Ltd.' may have an other authorization granted by the British Financial Services Authority, but the company that is listed as a Small E-Money Issuer on the FSA website is definitely our company based in London.

    You must register/login in order to see the link.
    You must register/login in order to see the link.

    If you have questions please don't hesitate the contact us.


    Sincerely,

    Florian Schweitzer
    This email is not visible to you.

    YouTeller.com c/o
    Seed Capital Ltd.
    Omega 4 Suite 116
    6 Roach Road
    London E3 2PA
    United Kingdom
    ..................................
    when you click on the link he provided:
    You must register/login in order to see the link.

    yes, you can see Seed Capital Ltd. on the list. But, and its a Big But, if you then click on searches at the upper left corner of the page it will bring you to
    You must register/login in order to see the link.
    put Seed Capital Ltd. In the firm name slot and you get Oxford Technology Management Limited not Youteller or anything else. If the FSAs site is mistaken then they need to correct it.

    Below is what you get when you do an FSA search for Seed Capital Ltd.:

    Basic details for:
    121929 - Oxford Technology Management Limited

    Current status:
    Authorised
    Effective Date: 01/12/2001
    Address: Magdalen Centre
    Oxford Science Park
    Oxford
    Oxfordshire
    OX4 4GA
    Phone:
    Fax:
    Email:
    Website: 44 01865 784 466
    44 01865 784 430
    This email is not visible to you.
    Notices: Unable to hold client money.
    Other information: Firm undertakes insurance mediation.
     
  20. Feb 7, 2007
  21. respira

    respira Dormant account

    Location:
    fort worth
    YouTeller NEWS

    The UK's Financial Services Authority (FSA) has moved to clear up the confusion regarding the apparently false claims to certification by new payments processor YouTeller. An FSA spokesperson has confirmed that it has granted a small e-money certifi...07/02/07

    I don't have access to the full article but it looks like they are not a scam.. and are for real


    You must register/login in order to see the link.
     
    2 people like this.
  22. Feb 7, 2007
  23. s163999

    s163999 Dormant account

    Occupation:
    Analyst
    Location:
    United States
    Latest on YouTeller

    From eGaming Review (You must register/login in order to see the link.

    YouTeller NEWS

    The UKs Financial Services Authority (FSA) has moved to clear up the confusion regarding the apparently false claims to certification by new payments processor YouTeller.

    An FSA spokesperson has confirmed that it has granted a small e-money certificate to YouTeller, the registered trademark of Seed Capital Limited.

    The spokesperson 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 is the only director named. He has confirmed the confusion over the names at the FSA. He said: It was not our intention to confuse people.

    Schweitzer confirmed that his company intends to enter the US gambling transaction market, but added that he had not told the FSA this information.

    We didnt say that to anyone, he added. We have the ability to do that, but we have to wait until we receive the advice of our legal advisors.
     
    2 people like this.
  24. Feb 7, 2007
  25. lojo

    lojo Banned User - repetitive violations of <a href="ht

    Occupation:
    Tradesman
    Location:
    USA
    Fer fuggs ache! Bob's yer uncle. If my gut didn't ache so bad from the laffs I've gotten on here today, I would just lurk. Holy crap. 'We didn't mean to confuse anyone' Aren't there trademarks on the other side of the pond? Are the FSA and LSE that lame? Doesn't matter to me if they are public, private, gmbh, sa, sinisteria, oculus dexter or bafoons. This situation is the most ludicrous opportunity I have seen in generations for some smart money and smart people to capitalize. Hold onto your hats boys, this is gonna get interesting!
    Now, I'm gonna try to quit posting, honest.
     
  26. Feb 7, 2007
  27. respira

    respira Dormant account

    Location:
    fort worth
    it gets funnier lojo!

    I'm still a little leary about them though
    johannes knierzinger and Florian Schweitzer were students in Vienna , both are 24 or 25 yrs old, both belonged to a liberal group called LSF (liberal student forum) in 2005.


    You must register/login in order to see the link.
    Liberale Spalter , 21 Dec. 2005 10:33
    the LSF executive committee members Nina Krassnitzer, Philipp Wissgott, Johannes Knierzinger and Florian Schweitzer, from the liberal studying organization

    You must register/login in order to see the link.
    may 2003
    Johannes Knierzinger, liberal student forum
    The upper Austrian is 20 years old, studies journalism and communication


    on the other hand this looks promising:
    You must register/login in order to see the link.

    Germany's Finacial Times (FTD) profiles BrainsToVentures (b-to-v), the corporate finance firm with a flair for early stage technology finance, in a story that highlights the business angel trends in Switzerland and Germany.

    Swiss Ventures has been watching b-to-v for some time, since it was founded actually, and recently had the chance to interview co-founder Florian Schweitzer (pictured above).
    You must register/login in order to see the link.
     
  28. Feb 7, 2007
  29. lojo

    lojo Banned User - repetitive violations of <a href="ht

    Occupation:
    Tradesman
    Location:
    USA
    Amazing.
     
  30. Feb 7, 2007
  31. LRDell

    LRDell Experienced Member PABaccred

    Occupation:
    Finance
    Location:
    East Coast, USA
    Be careful with NuCharge

     
  32. Feb 7, 2007
  33. GrandMaster

    GrandMaster Ueber Meister CAG

    Occupation:
    Mathematician by day, online gambler by night.
    Location:
    UK
    The name of a company is not automatically a trademark. There are some rules about the use of certain words, but otherwise as long as the name is sufficiently different from other companies' names, you can register it.
     
    1 person likes this.
  34. Feb 10, 2007
  35. Addisyn

    Addisyn Dormant account

    Occupation:
    Retired
    Location:
    Underground Sewer Access
    Then you have J. Todd of APCW in You must register/login in order to see the link. - February 9th, 2007, talking about a new processor coming online in March. Guess who! YouNeteller!
     
  36. Feb 10, 2007
  37. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
     
  38. Feb 11, 2007
  39. Addisyn

    Addisyn Dormant account

    Occupation:
    Retired
    Location:
    Underground Sewer Access
    I just reread my post above. The processor J. Todd was referring to was YouTeller NOT YouNeteller. I had a brainfreeze moment. :eek2:
     

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