Originally Posted by
Hareeba!
As I understand the story what actually happened was that A had some difficulty with getting funds to and from Betfair promptly (and that's another thing we haven't been fully informed about) so he asked them what he could do about it.
They provided him with some options, one of which was this PSP mob which he chose to go with. Whether that amounts to a "recommendation" is another thing.
I consult my stockbroker about which companies I should invest in. He provides me with several options from which to chose. I can't expect him to reimburse me when one of them goes belly-up.
Amongst the number of things none of us know (even that mushroom character) is what nature of due diligence and questioning of Betfair about the bona fides of those guys was ever conducted by A.