Poker news tagged with 'doj'

The U.S. Department of Justice (DOJ) has now hired a Claims Administrator, Garden City Group, and claims that U.S. players soon will be able to make claims. According to one news site, about 1.3 million players are still waiting for their money since Black Friday (April 15, 2011) and the amount owed is about $159,000,000.

PokerStars purchased Full Tilt Poker for more than $730 million in July 2012 - the amount included money for the DOJ to repay U.S. players. Three former Full Tilt Poker managers/owners have settled their civil cases with the government since then: Rafe Furst, Howard Lederer and Chris Ferguson. Former CEO Ray Bitar still faces several charges and might spend the rest of his life in prison.

Click here to visit the Full Tilt Poker claims site.

Former Full Tilt Poker board of director Rafe Furst, who had a minor role in the day-to-day operations of the site, has settled the claims against him. Furst and the U.S. Attorneys Office agreed to a Stipulation and Order of Settlement that allows Furst to admit no wrongdoing in the case, but the government has seized an unknown amount from his bank accounts in Switzerland.

Read more » Rafe Furst Settles Black Friday Charges

Last week, PokerStars's purhase of Full Tilt through the U.S. Department of Justice was completed, which meant that all non-us players will receive their money within 90 days. However, customers in the U.S. might have to wait a bit longer than that before they get their money refunded.

According to an employment notice listed on the DOJ website, the government is seeking a third-party claims administrator to help facilitate the remission process for Full Tilt Poker players located in the U.S. The deadline to apply for the position is August 31st, so it might take a few more weeks before information about the remission plan is made public.

Last week, PokerStars' purchase of Full Tilt Poker through the Department of Justice was officially completed, which means that all non-U.S. players will be get their money back - totalling $184 million - within 90 days. In total, $225 million was transferred to the U.S. government last Thursday, and the remaining $547 million will be paid over the next 3 years.

Read more » Full Tilt Poker Manager Answers Questions About the Relaunch

Yesterday, PokerStars finally confirmed that it has reached an settlement with the U.S. Department of Justice (DOJ) to take over Full Tilt Poker. As a part of the settlement agreement, PokerStars has also acquired the assets of Full Tilt Poker.

PokerStars has 3 years to pay USD$547 million to DOJ, and all non-U.S. customers of Full Tilt Poker will get their money back (an amount totaling $USD184 million) within 90 days after PokerStars has transferred $247 million to DOJ (this transfer should be completed within the next 7 days).

Read more » It's Official: PokerStars Will Buy Full Tilt Poker!

Last Friday it was reported by numerous sources that PokerStars had finalized a deal with the United States Department of Justice (DOJ) to pay back frozen Full Tilt Poker player funds. Besides that, some people claimed that Full Tilt Poker will be back online in November this year.

The rumor that PokerStars is interested in buying Full Tilt Poker started popping up already in April this year. It came as a huge surprise since the French investment group Group Bernard Tapie had been the potentional buyer for several months. Something that added fuel to these rumors was when Alex Dreyfus, CEO of Chili Gaming, wrote that PokerStars had paid $750 million to acquire Full Tilt and settle its outstanding legal issues with DOJ.

According to a report from iGaming Post, PokerStars, Full Tilt Poker and the U.S. Department of Justice (DOJ) have reached an agreement on paying back Full Tilt Poker players and the official repayment plan might be presented already at the end of this month.

Once the announcement has been made and the U.S. Department of Justice has approved it, both Full Tilt Poker and PokerStars should be able to apply for licenses within the U.S., when and if online poker is regulated in the future.

Read more » PokerStars and Full Tilt to present repayment plan this month

Group Bernard Tapie Group made a statement yesterday in which they wrote that they have failed to reach an agreement with the United State Department of Justice to acquire the assets of Full Tilt Poker.

Groupe Bernard Tapie regrets to announce that, after seven months of intensive work, our efforts to obtain final approval of the United States Department of Justice of the agreement to acquire the assets of Full Tilt Poker have ended without success.

Read more » Group Bernard Tapie won't buy Full Tilt

According to numerous sources, PokerStars has reached a settlement with the US Department of Justice (DOJ) to buy Full Tilt Poker and settle its outstanding legal matters. No official statements have been made by either sites so far, but according to Alex Dreyfus, CEO of Chili Gaming, PokerStars has paid $750 million to acquire Full Tilt and settle its outstanding legal issues with the DOJ - $330 million will go to repay Full Tilt account holders.

These news, if they are true, come as a big surprise since the French investment group Group Bernard Tapie were known to be the buyers of Full Tilt Poker until now. And there has been lots of news in the past few weeks indiciating that the deal was as good as done. Now, however, it seems like new owners might be PokerStars, the world's largest poker site.

Just a few moments ago, Full Tilt Poker under Group Bernard Tapie, announced that all necessary paperwork has been signed and that Full Tilt Poker will be open from April 7th 2012, where users can register an account, or alternatively use their "old" login details.

But that is not all! According to a statement from Group Bernard Tapie, a couple of new "faces" for the site have just been signed;

"I'm very proud to announce that Lionel Messi and Tiger Woods will be working as Full Tilt Poker ambassadors from next Monday onwards, with the main purpose being to help players improve their game, take part in various tournaments (2012 WSOP among others), events and bounty-tournaments with the rest of the Pro Players."

CLICK HERE TO READ THE WHOLE STORY

Just a few moments ago, Full Tilt Poker under Group Bernard Tapie, announced that all necessary paperwork has been signed and that Full Tilt Poker will be open from April 7th 2012, where users can register an account, or alternatively use their "old" login details.

But that is not all! According to a statement from Group Bernard Tapie, a couple of new "faces" for the site have just been signed;

"I'm very proud to announce that Lionel Messi and Tiger Woods will be working as Full Tilt Poker ambassadors from next Monday onwards, with the main purpose being to help players improve their game, take part in various tournaments (2012 WSOP among others), events and bounty-tournaments with the rest of the Pro Players."

CLICK HERE TO READ THE WHOLE STORY

Ira Rubin, a 53-year-old businessman in financial transactions, has in an agreement with a court in New York pleaded quilty to several crimes related to Black Friday (the day when FBI and DOJ closed down Full Tilt Poker, PokerStars etc).

According to the Department of Justice (DOJ), Rubin has deceived banks into transferring gaming funds so it wouldn't look like the money came from gambling. The potential max penalty for Rubin's crimes is 80 years in prison. But since he had some kind of agreement with the court, experts believe that he will get less than 2 years.

The sale of Full Tilt is about to be finalized as a new agreement between the company and the French buyers Groupe Bernard Tapie has been made. The agreement states that all Full Tilt's shares, which are confiscated by DOJ at the moment, will be transferred to the new owners.

The current Full Tilt shareholders, according to different sources, have voted about the sale of Full Tilt Poker and most voted, ''yes.'' These shareholders will also have the chance to invest in the new company. The owners of Groupe Bernard Tapie have apparently also been in Dublin, Ireland, and talked to Full Tilt's employees about the current process.

It was reported yesterday that the Groupe Bernard Tapie and the US Department of Justice (DOJ) have come to terms that allows GBT's acquisition of Full Tilt Poker to continue. The article states that if FTP's current shareholders agree to acquisition of their company, the deal with DOJ will provide for payment of all players worldwide.

Read more » DOJ and Groupe Bernard Tapie have reached an agreement

According to a new report on Gamaing Intelligence, Groupe Bernard Tapie has hired the same lawyer who negotiated the Party POker/DoJ and Neteller/DoJ settlemens. The agreement between Full Tilt Poker and Groupe Bernard Tapie is reportedly subject to "several conditions", and the most import condition is a good resolution with the United States Department of Justice.

Even though the involved people are working day and night to get Full Tilt Poker back online, it might take a long time before the poker site is up and running again. Well, according to some rumors, Full Tilt Poker might reopen by January 2012 if everything goes according to plan.

Earlier today the following statement was issued by the Alderney Gambling Control Commission:

"Alderney Gambling Control Commission (AGCC) has today issued Hearing Notices under Regulation 46 of its Regulations to Vantage Ltd. Oxalic Ltd, Filco Ltd and Orinic Ltd, collectively trading as FULL TILT POKER.

In addtion, AGCC has issued Suspension Notices under Regulation 47 to the above named companies requiring them to suspend all operations with immediate effect.

The decision to suspend these licenses follows a special investigation prompted by the indictments unsealed by US Attorney General's Office in the Southern District of New York on 15th April 2011, during which grounds were found to indicate that these licensees and their business associates were operating contrary to Alderney legislation. The nature of the findings necessitated the taking of immediate action in the public interest.

Read more » Update 18:27 - BREAKING NEWS - Fulltilt Poker License suspended

Today the online gaming portal PartyGaming revealed that they are close to making a settlement with the US Department of Justice (DoJ) in order to avoid a criminal plea.

This announcement was made before they were expected to appear in court in New York. Anurag Dikshit is the biggest shareholder in PartyGaming and he was the one who was expected to show up in court and plead guilty to a charge relating to taking wagers over the internet from US players.Read more » PartyGaming Owner Makes a Deal with US DoJ