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29

Update 18:27 - BREAKING NEWS - Fulltilt Poker License suspended

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 compan[...]   Read more » Update 18:27 - BREAKING NEWS - Fulltilt Poker License suspended

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Posted by holtland:
Who are there pairent company and are thay listed on any market might be worth watching there share price dive..... sell short and make some money Dollar


...u think there is such dumb bunny who'd sell his shares when the price is diving down...? Big Smile

BTW: "Scheduled maintenance is in progress. The system is currently down for maintenance. Please check back soon!" ---> so be patient, they gonna operate back online within upcoming hours... Big Smile Big Smile Big Smile

     
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anyone no what happens to our money in there

     
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Posted by daraspol:
Posted by holtland:
Who are there pairent company and are thay listed on any market might be worth watching there share price dive..... sell short and make some money Dollar


...u think there is such dumb bunny who'd sell his shares when the price is diving down...? Big Smile



It's call'd shorting you sell shares you dont have and then buy back at a lower price to replace them and then settel the trade on the settlement day and pocket the diffrence.

Not allowed in the USA now unless you are a bank.

     
   -1   
For those who tought that was a legit business...... Kiss Your Money Bye Bye. Im so happy i was right that the "Black Friday" was just a tip of the iceberg. POKER STARS IS NEXT and allso all the internet poker sites. ALELUIA

------------
Security and Game Integrity
Full Tilt Poker maintains the highest standard of security and game integrity. All information is protected by the most advanced encryption technology and automated systems are in place to monitor game play and ensure that all aspects of our games are conducted in the best interest of our players. PFFFF YEAHHHH RIGHT

     
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so sick

     
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ARGHHHHHHHHHHHHHHHHHHHHHH guys help me out if say i made a withdrawel a couple days ago but still aint got the money do you reckon i will still recive the money? doesnt cha ge the fact ive got 115 dollars in my account, GAY

     
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dunno chinofresh

     
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Posted by chinofeesh:
ARGHHHHHHHHHHHHHHHHHHHHHH guys help me out if say i made a withdrawel a couple days ago but still aint got the money do you reckon i will still recive the money? doesnt cha
ge the fact ive got 115 dollars in my account, GAY


Was it by Moneybookers as as far as I know thay have stoped dealing with fulltit. Question

In other FTP news, the online payment processor Moneybookers has cut ties with the site. In an email to members, Moneybookers cited the “extraordinary circumstances” Full Tilt finds themselves in as the reason behind their decision to stop allowing FTP transactions.

Edited by holtland (29 June 2011 @ 17:30 GMT)


     
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Posted by edyholdem:
For those who tought that was a legit business...... Kiss Your Money Bye Bye. Im so happy i was right that the "Black Friday" was just a tip of the iceberg. POKER STARS IS NEXT and allso all the internet poker sites. ALELUIA

------------
Security and Game Integrity
Full Tilt Poker maintains the highest standard of security and game integrity. All information is protected by the most advanced encryption technology and automated systems are in place to monitor game play and ensure that all aspects of our games are conducted in the best interest of our players. PFFFF YEAHHHH RIGHT

bit ott to be fair who knows whats going to happen

     
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I was a member of a UK site when it when down. About a week later I got an e mail from them that lead to a link that I could use to withdraw the balance of my account. It was time sensitive, I had two weeks to respond. This may happen in this instance...who knows?

     
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From Forbes news site:

The executive director of the Alderney Gambling Commission says he decided to suspend five egambling licenses of Full Tilt Poker because of “several issues” that arose as part of a special investigation involving forensic auditors that was prompted by the U.S. government’s online poker crackdown.

“In our view it’s serious,” Andre Wilsenach, the executive director of the Alderney Gambling Control Commission, said in a few guarded comments, explaining his decision to suspend the licenses prior to a hearing scheduled on July 26. “The law allows me if I think it’s sufficiently serious and in the public interest that I can suspend it today until such time that we have a hearing.”

The headquarters of Full Tilt are in Dublin, Ireland, and four of its companies are licensed by the gambling regulatory body in Alderney, which is part of the Channel Islands. Wilsenach says those Full Tilt entities took out licenses between 2007 and January 2011, and show that Full Tilt is owned by Ray Bitar, Full Tilt’s chief executive. The move by the Alderney Gambling Commission orders Full Tilt to immediately suspend its operations and online poker play on Full Tilt appears to have halted in Europe.

“We obviously got grounds to believe that our licensee has acted not in accordance with the law,” said Wilsenach, adding that Full Tilt has been fully cooperating with the special investigation. He declined to elaborate on the nature of the findings of the special investigation, but said they would be publicly detailed at the scheduled July hearing in London.

Federal prosecutors in Manhattan indicted Bitar in April, alleging that he had been operating an illegal gambling business, and moved to shut down Full Tilt Poker’s U.S. operations. Full Tilt continued operating outside the U.S. and Bitar has denied any wrongdoing. The U.S. Attorney in Manhattan also filed a civil money laundering lawsuit against Full Tilt. Since then Full Tilt has agreed not to facilitate for-money online poker in the U.S., but has struggled to pay back its U.S. players.

Earlier in June, Subject: Poker reported that Full Tilt was dealing with a $60 million shortfall that was the result of a practice of crediting player accounts despite being unable to debit funds from customers due to payment processing challenges.

     
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i used local bank transfer not moneybookers

     
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chinofresh If they processed then yes, but as there is a backlog I guess no unless you withdrew 3 weeks ago.

For those who have money on there, it will stay there until the 26th July, when FT may or may not get the license back..They need to pay back the US in full to stand a chance..3-4 weeks to make it happen.
But as the like of Poker Lounge have stopped filming due to none payment I think this is the end....BTW just so people know other sites such as PS PKR etc etc were all over AGCC asking/telling them to remove FT license, they made sure this happend.

     
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so your saying you think my money is just gone?

     
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Posted by chinofeesh:
i used local bank transfer not moneybookers

That can take upto 8 working days so hopefully it went throw before all this s**t happend today. Goodluck.

     
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Posted by chinofeesh:
so your saying you think my money is just gone?

Not yet, currently held...but may as well think of it as gone, its a waiting game now, 26th July holds the key.

     
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going by whats happened in the us id say 90% chance u wont get your money Disagree

     
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Well this thread has bousted my MobPoints a bit Smile Time to invest them in this comeing draw for sunday.

     
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Nice to know that my Ticket FACE THE PRO is usless Smile
ƒuck u american law or who ever is responsible, even full tilt!

     
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I try to withdraw with NETELLER a few days ago , and Full tilt says that there are some delays on my request , now I see what they are talking about, a f**king big delay :S pfft bye buye dollars, I don't think that i get my money :S but full tilt have to give the U.S. players there money back? what about the rest of the world and their money? so there is a chance........?

     
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