English flag   Dansk (danish) flag     (11:32 GMT)
 
Username   Password  

BankrollMob Christmas logo  
Free no deposit poker bonuses Reviews Bankrolls - Free No Deposit Offers Poker Forum News: Poker, Casino, Betting & Bingo Sport Bets Poker Freerolls & Tournaments Xmas Offers Support & FAQ
transparent separator

BankrollMob Forum

BankrollMob Forum » News » Black Friday: DOJ Approves Release of $82m for 30,000 US Full Tilt Poker Players

New Thread Forums Search Subscriptions Bookmarks

jan
24

Black Friday: DOJ Approves Release of $82m for 30,000 US Full Tilt Poker Players

Tags: black friday, department of justice, doj, full tilt poker, john pappas, poker player alliance
Posted on Friday, January 24, 2014 by "T".
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

  24-Jan-14, 12:07   #1
Black Friday: DOJ Approves Release of $82m for 30,000 US Full Tilt Poker Players -1 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 32 (M)
Posts: 4685
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.

     
  24-Jan-14, 12:07   #2
  0 
Heskor 
Joined: May '13
Location: Mauritius
Age: 25 (M)
Posts: 2659
Finally after several years the US players will get their pay day. Most of them I think gave up on recovering any money and with this it could bring a welcome addition for their start of the year.

Glad they are getting money back!

     
  24-Jan-14, 13:56   #3
  0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 47 (M)
Posts: 5552
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

     
  24-Jan-14, 18:19   #4
  0 
ackronik 
Joined: Aug '10
Location: Canada
Age: 45 (M)
Posts: 6
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

     
  24-Jan-14, 19:20   #5
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 32 (M)
Posts: 4685
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.

Its ridiculous.

     
  24-Jan-14, 20:47   #6
  0 
Theapple 

Joined: Sep '13
Location: Bosnia and Herzegovina
Age: 29 (M)
Posts: 1552
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.

     
  24-Jan-14, 21:08   #7
  -1 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 32 (M)
Posts: 4685
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.

     
  24-Jan-14, 22:09   #8
  0 
mahdrof 

Joined: Nov '09
Location: Canada
Age: 47 (M)
Posts: 2367
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.

     
  25-Jan-14, 12:35   #9
  0 
noonlion 

Joined: Mar '12
Location: United Kingdom
Age: 32 (M)
Posts: 1277
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??

     
  26-Jan-14, 08:12   #10
  0 
Macubaas 
Joined: Apr '11
Location: Romania
Age: 27 (M)
Posts: 6668
Now this is really an awesome news for all US players that had money on full tilt poker before black friday Big Smile

Now i'm sure it will take another couple of months until all transactions will be completed but know there is an official confirmation Smile

     
  26-Jan-14, 10:36   #11
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 51 (M)
Posts: 6235
Nice. And the news doesn't contain any reference to a percentage payout, so it looks like the hole bankrolls of those players will be refunded soon. I must say, i never expected that to happen.

     
  27-Jan-14, 19:38   #12
  0 
ddblt1970 
Joined: Aug '13
Location: Czech Republic
Age: 21 (M)
Posts: 913
It actually looks like quite a lot of money when you convert the numbers to $/player.
Good job!


     
BankrollMob Forum » News » Black Friday: DOJ Approves Release of $82m for 30,000 US Full Tilt Poker Players

 
Forum Rules | Support & FAQ

© 2016 BankrollMob.com - All Rights Reserved CONTACT | ABOUT | PRIVACY POLICY | TERMS & CONDITIONS | NEWSLETTERS | AFFILIATES | REPORT SPAM | ADVERTISING
  Bookmark and Share