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31

$3.7M to be Returned to Affected Players from Absolute Poker Shutdown

Tags: Absolute Poker, Black Friday, Garden City Group
Posted on Tuesday, October 31, 2017 by "T".
Good news for the so-called victims of Absolute Poker, as a second round of payments for them had just been approved by the government. Garden City Group (GCG), the third party firm that was hired to assist in the remission process for the victims of the defunct poker sites Absolute Poker and (its sister site) Ultimate Bet, stated that a second round of payments have just been approved by the U.S[...]   Read more » $3.7M to be Returned to Affected Players from Absolute Poker Shutdown

  31-Oct-17, 10:04   #1
$3.7M to be Returned to Affected Players from Absolute Poker Shutdown 0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 48 (M)
Posts: 6460
It is very good news that these players' will be getting some of their money back from this firm. It has taken such a long time to get this far and it must be some kind of relief to the payers because they must have thought they would be getting nothing

     
  31-Oct-17, 14:09   #2
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 38 (M)
Posts: 792
I did not think this absolute poker is so rich. I refer to network players and the amounts of money running in their accounts. probably were very good at that time. I'm surprised that people will get the money back. Usually other rooms that have committed fraud and cheating never paid anything back.

     
  31-Oct-17, 21:35   #3
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 40 (F)
Posts: 11629
It is good to hear that another batch will be released, so that more players will get their money
back.
4600 more players is a good number.
Lets see if at the end everyone iwll get paid.
According to the article, 37 millions have been given so far, from the estimated 60 millions.

     
  2-Nov-17, 14:46   #4
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 33 (M)
Posts: 9756
well I guess its a great thing hearing that money that was stolen will be returned to those poor souls who haven't managed to lose it themselves playing against superusers and colluders. now its just a matter of finding them and shipping cash back.

     
  2-Nov-17, 20:27   #5
  0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 59 (M)
Posts: 870
Yes this is big money to be stole, in total more than 60 millions of dollars, so mow this pay of 3.7 millions is not big, but as text say that 33.5 millions already are returned, so with this money now only 23 millions of dollars is left and players for all people who have money steal from them is returned.

     
  7-Nov-17, 11:01   #6
  0 
DaCapo71 
Joined: Aug '10
Location: Germany
Age: 46 (M)
Posts: 2101
I had also some Bucks in my old Absolute Poker and Ultinate Bet account. I don´t remember how much, but this was a good news that we have a chance to get our money back Thumbs Up And i´m surprised that they pay money back after this long time.

     
  8-Nov-17, 23:27   #7
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 40 (F)
Posts: 11629
So, have you managed to get that money back yet.
From what we have seen here, they were sending emails to all the ones getting money.
If you havent received any yet, maybe you should try contacting someone relevant for the case.

     
  10-Nov-17, 17:17   #8
  0 
pajalnick 

Joined: Mar '11
Location: Russian Federation
Age: 45 (M)
Posts: 4005
this is certainly good news for all deceived players .... people who lost money probably already forgot about it ... or remembered something bad in their life ..... and then after a rather long time the money suddenly returned ... This is a big surprise and probably a very good mood ... good news

     
  11-Nov-17, 16:29   #9
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 43 (M)
Posts: 6188
I was a Platinum (second tier) VIP player back in 2010 on Absolute Poker. I was doing alright. I remember I made a full withdrawal in late March 2011 because I needed to buy a new laptop. I was totally shocked when the Department of Justice seized the Cereus Poker Network domains in April 2011!

     
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