In March, the United States Attorney for the Southern District of New Yorknamed the Garden City Group ('GCG') as the Claims Administrator chosen to oversee the repayment of Full Tilt Poker players based in the United States set forth in both the civil money laundering and forfeiture action United States v. PokerStars, et al. On the first day of August, the GCG updated players on calculation formula that will be used and the start of the claims process the via their dedicated website, www.FullTiltPokerClaims.com.
- In 2009, a former FTP poker player and well-known poker pro, Lary Kennedy, sued FTP and its officers alleging fraud, racketeering and other violations. In the complaint, filed in Los Angeles.
- 'After deceitfully separating U.S. Players from their money, Full Tilt Poker refuses to refund the U.S. Players' deposits, to reimburse U.S. Players for the dollar-value of the contents of their.
- Full Tilt Poker Claims Process Begins. Posted on: September 17, 2013, 05:30h. Last updated on: October 22, 2013, 01:14h.
- We would like to show you a description here but the site won't allow us.
When Full Tilt Pokwer and PokerStars settled with the US governement, they agreed to forfeit their assets to the U.S. Settlement Pool: $547,000,000: Settlement Website: Full Tilt Poker Settlement: Claim Form Deadline: November 16, 2013: Claims Administrator: Full Tilt Poker Claims Administration c/o GCG P.O. Box 9965 Dublin, Ohio.
Here is what the update said:
GCG, working with the Asset Forfeiture Unit of the United States Attorney's Office for the Southern District of New York and the Asset Forfeiture and Money Laundering Section of the United States Department of Justice, has completed the review of data provided by Full Tilt Poker ('FTP'). It has been determined that the calculation formula to be used for the Petition for Remission process will be based on players' final balances with FTP as of April 15, 2011 (the 'FTP Account Balances'). The claims process will begin shortly. Once the process begins, GCG will email instructions on how to complete an online claim to all potentially eligible claimants identified by GCG utilizing data supplied by FTP. Account balances from online poker sites other than FTP are not included in this remission process. Petitioners must also meet all other requirements outlined in 28 C.F.R. § 9.8 to be considered eligible for remission.
If you do not receive an email notice and you believe you are eligible to participate in the remission process, you may file a claim online using the directions that will be provided on this website.
If the forfeited funds available for distribution equal or exceed the aggregate FTP Account Balances for all eligible Petitioners, each eligible Petitioner with an approved claim will receive the entirety of his or her FTP Account Balance. If the aggregate FTP Account Balances for all eligible Petitioners exceed the funds available for distribution, payments shall be made to eligible Petitioners on a pro rata basis.
- In 2009, a former FTP poker player and well-known poker pro, Lary Kennedy, sued FTP and its officers alleging fraud, racketeering and other violations. In the complaint, filed in Los Angeles.
- 'After deceitfully separating U.S. Players from their money, Full Tilt Poker refuses to refund the U.S. Players' deposits, to reimburse U.S. Players for the dollar-value of the contents of their.
- Full Tilt Poker Claims Process Begins. Posted on: September 17, 2013, 05:30h. Last updated on: October 22, 2013, 01:14h.
- We would like to show you a description here but the site won't allow us.
When Full Tilt Pokwer and PokerStars settled with the US governement, they agreed to forfeit their assets to the U.S. Settlement Pool: $547,000,000: Settlement Website: Full Tilt Poker Settlement: Claim Form Deadline: November 16, 2013: Claims Administrator: Full Tilt Poker Claims Administration c/o GCG P.O. Box 9965 Dublin, Ohio.
Here is what the update said:
GCG, working with the Asset Forfeiture Unit of the United States Attorney's Office for the Southern District of New York and the Asset Forfeiture and Money Laundering Section of the United States Department of Justice, has completed the review of data provided by Full Tilt Poker ('FTP'). It has been determined that the calculation formula to be used for the Petition for Remission process will be based on players' final balances with FTP as of April 15, 2011 (the 'FTP Account Balances'). The claims process will begin shortly. Once the process begins, GCG will email instructions on how to complete an online claim to all potentially eligible claimants identified by GCG utilizing data supplied by FTP. Account balances from online poker sites other than FTP are not included in this remission process. Petitioners must also meet all other requirements outlined in 28 C.F.R. § 9.8 to be considered eligible for remission.
If you do not receive an email notice and you believe you are eligible to participate in the remission process, you may file a claim online using the directions that will be provided on this website.
If the forfeited funds available for distribution equal or exceed the aggregate FTP Account Balances for all eligible Petitioners, each eligible Petitioner with an approved claim will receive the entirety of his or her FTP Account Balance. If the aggregate FTP Account Balances for all eligible Petitioners exceed the funds available for distribution, payments shall be made to eligible Petitioners on a pro rata basis.
The poker community has long anticipated an update regarding the repayment of players after PokerStars settled with the DOJ and forfeited $547 million to the United States government in August of last year. By doing so, PokerStars acquired Full Tilt Poker's assets (which they relaunched in November) and admitted no wrongdoing in the alleged bank fraud, wire fraud, money laundering, and illegal gambling offenses.
PokerNews will be following the FTP repayment saga as details emerge. For more information, visit fulltiltpokerclaims.com.
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Full Tilt
The Garden City Group announced that emails will be sent out to former U.S. Full Tilt Poker players with instructions on how to submit a Petition for Remission starting September 16, 2013. Instructions for the process will also be published on the Fulltiltpokerclaims.com. This is the same website today's announcement was posted.
Players will have 60 days to submit a claim. The remission application process will close on November 15, 2013.
Full Tilt Poker Scheme
Players may no longer sign up for email notifications from Garden City Group. Any American player owed money from Full Tilt Poker will need to visit the Fulltiltpokerclaims.com website between September 16th and November 15th for instructions if an email is not received from the company.
This is not the date range when players will be paid. Garden City Group will need time to verify each claim against records provided by Full Tilt Poker.
Full Tilt Poker Claims
American Full Tilt Poker players are the last ones to receive refunds. Players outside of the U.S. received their Full Tilt Poker balances when the site relaunched on November 6, 2012. These refunds were made by Rational Group, which is the parent company of PokerStars.
The image below shows the text of today's update:
