Nein. In spite of resettin' yer account via the User Panel, ye' will still be under the conducted penalties of said ban. Ye' are not mistaken when ye' say that it shall not work.
I advise refrainin' from speakin' further on said topic. Any further curiosities or concerns on the matter should be taken to a staff member privately.
Arr, this should belong in the game help section. ^^ Moving it for chu.
As for the reset accounts, all that option does is delete your characters, delete what friends you have on that account etc so if you were banned, it wouldn't get rid of your ban, at least it shouldn't unless there's a glitch, it would just simply delete characters, friends and sturf.