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. Department of Justice.
According to GCG, with awards reaching up to $3.7 million, this amount shall be distributed to 4,600 petitioners. This amount was actually what was in the customers' respective accounts when the poker sites closed after Black Friday back in 2011. Though no information was said regarding WHEN this second round of payments will be given to the affected players, GCG says they will contact them both in the USA and abroad via email in the coming weeks.
Just this August, around $33.5 million was returned to 7,400 former players of the site.
Below is a statement from GCG regarding the latest payments:
"GCG has been informed that the Money Laundering and Asset Recovery Section of the Department of Justice (MLARS) has approved a second round of payments to Petitioners who confirmed their Absolute Poker / Ultimate Bet account balances prior to the September 7, 2017 filing deadline. The distribution will include payments to approximately 4,600 Petitioners with awards totaling approximately $3.7 million.
Payments will be made via electronic ACH to Petitioners residing in the United States and via foreign currency check to Petitioners residing outside of the United States. In cases where a foreign currency check cannot be issued, the payment will be made via USD check or foreign currency wire depending on the Petitioners country of residence.
Within the next few weeks, GCG will be sending an email notice to all approved Petitioners that contains the amount and method of their payment. For Petitioners scheduled to receive their payment via electronic ACH or foreign currency wire, the email notice will also include instructions for submitting the required banking information needed for payment.
GCG will also be sending an email notice to certain Petitioners who were approved for payment and were identified as having a delinquent debt qualifying for collection through the Treasury Offset Program. Payments for these Petitioners will be reduced in order to satisfy their debt in part or in whole. To receive the balance of their payment, Petitioners must provide GCG with the information required to complete a Unified Financial Management System Vendor Request Form. Instructions on how to provide this information will be included in the email notice.
Specific questions regarding outstanding debts and offset amounts cannot be addressed by the Department of Justice or GCG. To obtain information on your individual debt, you must contact the Treasury Offset Program at (800) 304-3107 or visit https://fiscal.treasury.gov/fsservices/gov/debtColl/dms/top/debt_top.htm for additional information.
Petitioners should continue to check this website for updates regarding the payment process and this administration."
An estimated $60 million worth of players' money was lost when the Absolute Poker/Ultimate Bet sites suddenly shut down in 2011.