Here's some great news for US players will money tied up at Full Tilt Poker since Black Friday. According to a report from the Poker Players Alliance (PPA), the Department of Justice (DOJ) has approved the release of $82 million in funds to about 30,000 players in the United States. John Pappas, Executive Director of the PPA, announced the good news through a poker forum on Wednesday.
"Yes g[...] Read more » Black Friday: DOJ Approves Release of $82m for 30,000 US Full Tilt Poker Players
Friday, blackie friday. I wonder when this happened how many dollars were payed out through lobbyists to political campaigns by tha casinos who were afraid loosing their share of the cake by the popular online card sites. The US congress is a joke now anyway, but It looks like to me that they always have time for these kinda shenanigens.
Joined: Mar '11
Location: United Kingdom
Age: 48 (M)
It must be a nice surprise for these players to get their money back because i bet they thought they had lost it all.I hope that they get 100% of their money back and not just a fraction as sometimes happens
Joined: Aug '10
Age: 46 (M)
doubletop777 1/24/2014 1:56:10 PM GMT It must be a nice surprise for these players to get their money back because i bet they thought they had lost it all.I hope that they get 100% of their money back and not just a fraction as sometimes happens I hope so too but still something is better than nothing
In some sense they lost it all, because its almost three years since they shut down FT and it sure looks like not the claim administrator nor the US DOJ wanted to necessary speed up this process. Ray Bitar pleaded gulity last april, now almost a year later and the freed up assets is still just a portion of all that was seized.
Posted by Theapple: finally, but i dont think they could keep that money at the first place, not for long time at least. if not , doubt they would release it at all, lol.
We talk about da country who bombing from robot airplanes foreign "terrorists" - in some cases for crimes they didnt even commit yet - they can do whatever the f**k they want... And thats why they sitting on the money so long. I think none of the prosecution came through against the DOJ from people whos money stuck in there - they basically couldnt be forced to release the money by law and IMO thats why they freeing up just a small percentage.
Joined: Nov '09
Age: 48 (M)
Posted by ackronik: doubletop777 1/24/2014 1:56:10 PM GMT It must be a nice surprise for these players to get their money back because i bet they thought they had lost it all.I hope that they get 100% of their money back and not just a fraction as sometimes happens I hope so too but still something is better than nothing
Yeah, I was thinking the same thing. A year or so ago I heard that some players were "selling" the money they had on Full Tilt for a fraction of its real value, thinking that they would never see it again. I wonder how well these agreements are going to be honoured. Anyways, I think it is another step in the right direction for online poker.
Joined: Mar '12
Location: United Kingdom
Age: 33 (M)
Well that's very good news for some people, but no doubt some people are still getting shafted. If people sold their accounts then that is downright stupid as the DOJ was always going to do something positive I think, they just took an age doing it, it's a complicated process. I'm not sure people would be able to get their dough back from the actual account anyway - why wouldn't the DOJ send the money direct to the person via cheque or something??