I don't know if this has already been posted. The last I read on this forum was that US players were waiting for their Iron Man medals to be converted to FTP points. I remember FTP announcing that they were doing the conversion on this forum.

I checked my FTP account a few times, noticed my 4,000+ medals hadn't been converted yet and emailed FTP support about it.

this was their response:

Hello xxxxxxx,

Thank you for contacting us today.

Our apologies if there has been some confusion surrounding this matter. To clarify:

Iron Man medals and Academy Credits were not converted into FTP points, and there will be no future adjustment of these balances, nor other balances.

Original FTP point balances are still available to account holders, but not currently redeemable. These points will only be available for use in the store, should you ever be fully verified as residing outside of the United States or Territories.

Unfortunately, there will be no future adjustment of these balances, nor other balances. This includes retroactive cases of relocation outside of the US.

Thank you for your understanding.

Sincerely,

Silvia
Full Tilt Operations

This is the first reply from FT that I've seen that clarified the situation.

Terrible decision by PS- they paid so much to settle with the US gov. and get control of FT and are going to lose tons of US goodwill by doing this.

Hopefully they will reconsider.

Don't see why this matters at all. Why would FTPs be more desirable than Ironman medals to US players at this point?

agreed. it's really disappointing. if we can't spend the points until we move or poker is regulated in the US, why can't they convert the medals?

it would be far less frustrating if they didn't come in here and announce they would be doing the conversion.

Ironman medals don't exist anymore for US players. FTP exist.

It's crazy that FT could botch this so badly considering that they won't be honoring the FTP until poker opens in the US. It wouldn't cost them anything at the moment to do the right thing!

From the FTP relaunch thread-


5. What are your plans on handling FTP points/Ironman medals/loyalty rewards for former US players?

- Generally speaking, US players should only have cash and points in their accounts at this point (Iron Man medals were already converted to FTPs). As we now know, they will have to go through the remission process to claim the cash. I don't have an answer for what will happen to the FTPs.

http://forumserver.twoplustwo.com/29...012-a-1232335/

Ah, ok, fair enough. I didn't know that.

It's frustrating as a US player to wait so long for an announcement and then have it finally be the exact opposite of what is actually happening.

I generally see the glass as half empty with everything, and it's only wishful thinking, but maybe they know something we don't and see regulation happening in the US much sooner than we thought and are trying to cut their losses?

As you said, points have no value for us players right now but may hold a value in the future.

To announce that the medals are being converted to points and then just ignore follow up questions and never tell us that they just decided to not do it is just plain terrible.

I had enough ironman medals to buy about 700k full tilt points and they were NOT converted. US player here.

Bump.

Emailed support again for clarification since FTP made the announcement, and they are saying we will still not be getting credit for medals.

I don't understand how there can be that big of a disconnect that an announcement is made that the conversion been completed, and then nothing happens and it turns out the conversion will not be happening at all.

Hopefully a FTP representative will contribute to the thread and do the right thing.

weren't they supposed to be converted to FTPs way back when?

It's all ridiculous. These points/medals were earned as part of an arrangement between the site and the players. But not only do the owners of the site decide to defraud all their players they use that as a loophole to defraud them even more with these pts/medals when players are supposedly having their balances returned. IDK about you all but these points and medals were the equivilent of cash to me, the only difference being a few clicks to convert. They were paid for by the players but for some reason crooks should get that % of the rake instead of the rightful owners.

yup

it's all money

money sites have to segregate to account for as well

and it's theft if we are not compensated for their cash equivalent plain and simple

I agree it kinda blows, I had something like 5k medals. But stars really doesn't owe us anything at this point with how much they have done. I get it that there is nothing to lose in trying to force stars to honor all full tilt's old debts but I don't think we can characterize any actions on medals as unfair at this point with how fully stars has reimbursed players. With that said it would be nice if they could publicly address the issue as this email response may or may not truly reflect Stars decision.

i don't know who owes me what and i don't care

i just know the value of my account: cash, FTPs, and IMMs

if i get anything short of that, then money was stolen from me, period

i've operated under the assumption since BF that i was never going to see a dime of any FT money, so i'll appreciate any dime i do see

that said, anything less than the full value of my account is by definition theft. is it PS that owes me? **** them pay me. the DOJ? **** them pay me. Full Tilt? **** theeeem pay me

whatever. think i'll go light a match and blow a joint now

yep..

I really don't understand why Pstars/Full Tilt isn't doing the right thing here. One day they do plan on coming back to the US market and I believe they should be allowed (after a cooling off period) and I also think they will be allowed. But to see them nickle and dime their customers like this is absurd. Haven't these players suffered enough?

I asked support if perhaps there is some internal confusion regarding this since Shyam Markus announced not only that our medals would be converted to points, but that it had already been completed.

It appeared that all follow up questions about that conversion in that thread and others were ignored so that is concerning.

Is Shyam still posting in this forum?

A response from FTP to clarify this would be appreciated.

Thanks for the work PLO8.

So it seems that we just flat out lose, 100% of the time even if we move now, the value of Iron man medals and Academy credits. Which is a total ****ing joke.

I'm sure I'm not the only one who had a lot of equity wrapped up in those things.

It doesnt matter at all, but whiners gonna whine

and before I get a bunch of whiners coming at me, I was iron man for over 38 consecutive months and was getting the $600 bonus quarterly

FTPs name exists, the FTP that was supposed to take care of your medals does not exist...

FTP= Full Tilt Points. They exist on the reincarnated Full Tilt.

That is correct. It was confirmed to me via email that even if we move outside of the US, or if poker is regulated within the US, we do not get the medals back or any credit for the medals. It's a joke.

I agree with the poster who said he doesn't care who stole it he wants it back.

I had just shy of 5k medals and it was absolutely 100% part of my online poker money.

Pstars made the deal b/c that they it was a good move for themselves. It's also great they helped get us paid back our balances (if it ever happens), but our balances include these medals which we are getting stiffed on. I'm sure Pstars assumed that all US players would be grateful and then go play loyally on either Pstars or FTP once poker is regulated because they were "saved".

However, I would not be surprised if a lot of high volume US players refuse to play on these sites until they are compensated for the medals that were stolen from their accounts.

nobody caught the Goodfellas reference? meh...

It matters. I and I'm sure other players were Iron Man and reached Iron every single month since its inception (which was like, what, 60+ months?). I spent them immed but others may not have. Also, we were told around BF time that the each medal would be converted to 50 FTPs or something like that. So basically 1,000 medals is worth $250 roughly.

That adds up to a lot of money given the number of US players FT had.

i had more in medals than i had in cash. but ive written off those medals so long ago its tough to actually get angry anymore. two things:

not paying off the medals is a slap in the face to the serious players who actually care about the game, and is a stain on the honor of any previous owner of ftp until we are paid back.

i will never fully trust any bonuses that requires you to wait and save. rakeback can be paid out daily. we are adults, we understand what rake is, just give us a clear percentage in cash, dont dress it up as points & medals. you can still give people higher percentage for more volume or daily volume, but dont treat us like children.