FETishists

When the parching darts of the burning southern sun entirely get beyond
the horizon of Montevideo the capital of Uruguay, in Russia wakes up a
stormy and still a bit sleepy business activity.  And it’s
natural because we've got the morning ….. And this means that
managers go to make coffee and to tie their neck-ties, and financial
flows with their rough murmur in electronic sluices open a new day. And
what is the role of Montevideo and Uruguay here, you may ask tell

The thing is that the segment of financial traffic that
circulates in Russian and partially in world Internet goes by the
gateways through the domain of one of the largest electronic payment
systems known as www.fethard.biz. And the registrar for this is
Uruguayan hosting center. In particular the paper work with this
organization in 2001 put the beginning of Fethard Finance activity
which has combined the functions of Internet - bank and EPS.

Any curious person will firstly be confused with his searches in the
history of origin of this payment system. All the attempts to
assault   the official website will end with a full
disappointment, in view of just few phrases about the formation of
Fethard Finance as a follower of one "advanced company” and
“other company”. No facts and any names, full anonymity
even at description of the office. No information about the founders
and its management. However the indicated turnovers make even the
experienced people to raise their eyebrows in surprise.  The
matter is that at “the present stage of development” the
company declares about 100000000 $ (100 million) per year. If the
specified figure is reflected objectively, it becomes clear, that a
target audience of the system is not the modern students who buy mp3
players in the Internet and small brokers and traders that make
cashless transfers from one offshore into another offshore. But who
then?... The answer to this question is illuminated with the sun of the
Latin America continent and traces its roots back to multiton layers of
a world wide web in the depth on which functions the industry of adult-
Internet. But let’s begin from the very beginning …

Let's start with that Fethard Finance has been founded in 2001 and now
exists under the patronage of some citizen of the Russian Federation
known in the Internet as RedEye. Exactly this figure is mentioned as a
key one related to Fethard Finance EPS in the Runet areas. RedEye began
to pave his way to financial business and Internet as long ago as 1998,
having bound his activity to the so-called
“adult-direction” or “entertainment industry for
adults in Internet”. But it so happened in this business segment
that the cohort of the Russian Interneters who closely dealt with
“Soft porno", began to settle at coasts of Latin America. And
there they built the reliable machinery on Internet website control
that brings the lucid minds of our Motherland including RedEye the
considerable means. So the bound between www.fethard.biz domain and the
registrar in Latin America begins to reveal.  

It is impossible to tell what precisely caused the creation
Fethard.biz. But the reason is definitely clear. These prospects are
chased by many Internet banks, payment systems and all similar
resources. All of them are lead by the desire to create the system that
will allow to perform the finance flow, to store the funds, to support
various web-sites, which function is based on payment requiring
services.

Thus, it is possible to assume, that RedEye and his friends, knowing
all financial machinations of their adult-business from inside, decided
to create their own payment system that would allow to put on the rails
not only the train of their own business but also to hitch the
carriages of other organizations whose financial activity is anyhow
related to the Internet.  And it is reasonable that the idea was a
success. So the world's largest financial company in the Internet,
which instantly gained popularity among programmers of the whole world,
and among people who value any minute spent on financial operation
appeared.  

Service is built competently enough and initially divides the services
for target audience into the following groups:   

• Partnership program


• Payment management in partnership programs


• Webmaster\partner


• Receipt of payment from partnership programs
• Professional


• Payment services provided by Fethard, related to on- line
  services, web- hosting service, web- design, software development and
  etc.


• Convertibility transactions


• Bank transfer


• Payment transactions realization services   

It is easy to imagine the public excitement that had generated around
www.fethard.biz after the occurrence of this resource in the Internet.
With such set of tools system could serve a great number of people,
whose earnings is related to the Internet.

Safety of Fethard.biz EPS is supported with 4-level rating system of
users. So the first level is given to a new client who opens the
account. When the information on account owner’s business becomes
understandable for Fethard, the user receives the second level. The
third level – level of the exclusive client - is given to the
users whose business doesn’t arise any questions. The clients
that are the immediate Fethard partners receive the 4th level - the
highest level in rating. Security measures identify 1st and 2nd levels
as closed for investments from “unincorporated
organizations”.     

Having taken a good start the company closed each next year of its
existence with a solid profitable balance. Now in Internet the huge
systems based on the adjusted mechanism of Fethard financial unit began
to appear. It is really convenient, after all... If you are a web
designer and run some resource you probably will not find the better
partner than www.Fethard.biz . Nobody will check either your surname or
name at account opening. State security service will not keep a tab on
your activity. The outline is quite simple: you earn your money, and
Fethard earns its money. It’s really easy! However...

However in any country the government aspires to exercise a tight and
sometimes too importunate control over business which, by the way,
increases gross national product which is so important for this
government. And no matter what they say but Russian government always
actively controlled its citizens and business structures as the
officials with mentality as perfectionists, consider, that any
financial operation should be subject to registration, and
theoretically should be taxed.

These ambitions revealed in attitude towards Fethard. The history of
success which RedEye wrote together with Fethard Finance for all users
of the Russian Internet was subject to traitorous intrusion by the
structures that absolutely were against the financial operation with
large turnovers. And what owner will be pleased that someone makes a
successful business in his territory and at the same time doesn’t
want to share generously. And then the state in person of Federal Tax
Service has torn to extirpate a page from that Fethard book of success,
and disabled millions of devoted readers to read that story up the end.

On September, 12 the officers of tax violations agency rushed into
Fethard office. The company premise located in the center of Moscow had
been subject to a search with the subsequent withdrawal of 16 computers
and the organization safe.  During the search FTS committed
several rough infringements as the decree about inspection has been
issued to one company, and the withdrawn property pertained to another
company.   

In a result for Fethard this situation turned into thief of some funds
from the company accounts, and caused interruption of financial
transactions and the occurrence of messages in the Internet about the
first default of payment system in the Internet.

Nevertheless Fethard has stood up. On October, 19 RedEye appeared
by-himself online and addressed to all injured and interested
persons.  Without any hysteria, the captain of the ship, with a
cold mind has arranged the situation in orderly symmetrical
pigeon-holes to the millions of Fethard users.  And people
believed that person. In fact Fethard reputation most of all needed the
belief in situation’s happy end and devotion of system clients to
impregnable payment system themselves, for its recovery.  More
over anyone who doubted the sincerity and hope of RedEye for successful
ending of unpleasant incident with FTS, would simply miscalculate the
forecasts. Because the person who knew the Russian electronic commerce
very well and who owned several business projects in the Internet with
total amount exceeding Fethard capitalization, would hardly begin to
liquidate the company that gave an opportunity to fill up the purses of
both  Fethard users and of his founders’. Fethard shutdown
would mean the loss on balance of both expensive and promoted brand and
profitable business as a whole.

Thus, today the payment system fethard.biz honestly informs its clients
that they has divided the chronology of all operations on bringing out
the funds from the system into two stages: the ones that took place
before October, 19, and after it. The first ones are performed in a
special order. Obligations on operations that occurred after October,
19 are carried out without any difficulties.

In a result the sudden crisis, and more likely just the conflict
between Fethard Finance and the government has left after itself only
gigabytes of the frozen electronic cash and thousand themes in the
forums with topics like “And who now runs fet?”. Probably,
somebody tends to dramatize a situation, but anyhow one can say with a
full confidence that if the state doesn’t need the doubtful
payment system in its opinion, for the clients of www.fethard.biz this
resource will still remain the most convenient tool of electronic
commerce for a long time.

There is an opinion that it is not the case when a bit spoiled company
reputation, fatally affects its development, because in fact the
services on conduction of financial transactions with a highly speeded
turnover and with liberal attitude towards the client on the part of
payment system are valued today.

And as for skeptics I would like to tell only the following. If they
want to use the Internet without  any services, social networks,
payment systems, and let alone the hi-tech financial services, allowing
to carry out any money transactions not leaving one’s chair, they
can continue to look at the existing situation through black glasses.
Though one day in their mirror polished glasses they can see themselves
- lonely people, that haven’t believed in success of Russian
payment systems, and in particular in Fethard Finance.

Tell your opinion