Two Plus Two Publishing LLC Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > >

Notices

News, Views, and Gossip For poker news, views, and gossip

Reply
 
Thread Tools Display Modes
Old 04-10-2017, 03:12 PM   #1
Rich Muny
Poker Players Alliance VP
 
Rich Muny's Avatar
 
Join Date: Apr 2005
Location: ***Only a PPA post if so stated***
Posts: 26,113
Absolute Poker / Ultimate Bet victim remission

As Garden City Group is largely done processing Full Tilt Poker remission claims (most remaining work is in reviewing appeals), they have been authorized by the Southern District of New York to accept and process claims for former Absolute Poker players. Affected players can file for remission at www.absolutepokerclaims.com

PPA has reached out to SDNY verbally and in writing several times since the April 15, 2011 U.S. shutdowns of PokerStars, Full Tilt Poker, Absolute Poker and Ultimate Bet, encouraging them to treat all funds obtained as a result of actions associated with these shutdowns as aggregate (i.e., a single pot of money), as the funds all fall under a single case -- United States v. PokerStars, et al. As the representative of U.S. players before SDNY, we are very pleased that our recommendations have been accepted and that, at long last, many U.S. players will be made whole.

Neither GCG nor SDNY has released information on the amount of money available for AP/UB remission, but the press release does state that, in the PokerStars settlement, PokerStars agreed to forfeit $547 million. It also states that over $118 million in payments have been made to Full Tilt Poker players. Even factoring in the costs of remission processing, this seems to indicate a sizable pot, so to speak, for the AP/UB remissions process. PPA has reached out to SDNY for official word on the amount of money available for remissions, but it seems likely to be sufficient to cover expected claims.

We will keep everyone informed of new information as it becomes available. PPA looks forward to serving as an advocate for the players throughout the remission process, as we did for the Full Tilt Poker remission process. We also wish everyone making a claim all the best in working through the process.

From the SDNY release, at www.justice.gov/usao-sdny/pr/acting-manhattan-us-attorney-announces-compensation-program-absolute-poker-victim:

Quote:
Joon H. Kim, the Acting United States Attorney for the Southern District of New York, announced today that the United States has retained the Garden City Group (“GCG”) to oversee a process for compensating eligible victims of a fraud committed by Absolute Poker against United States players who were unable to withdraw funds from Absolute Poker following the Office’s filing in 2011 of a civil money laundering and forfeiture action against Absolute Poker and others in United States v. PokerStars, et al.

GCG is already overseeing the claims process for eligible victims of the fraud committed by Full Tilt Poker against United States players, as described in both United States v. PokerStars, et al., and the indictment in the parallel criminal case, United States v. Bitar, et. al. To date, approximately $118 million has been paid to Full Tilt Poker fraud victims through that process.

Last edited by Rich Muny; 04-11-2017 at 02:58 AM.
Rich Muny is offline   Reply With Quote
Old 04-10-2017, 03:16 PM   #2
SuperSwag
veteran
 
Join Date: May 2012
Posts: 3,266
Re: Absolute Poker victim remission

What a mess that idiot Preet Bahara created. So glad he got canned, moron.
SuperSwag is offline   Reply With Quote
Old 04-10-2017, 03:33 PM   #3
Victor
Carpal \'Tunnel
 
Victor's Avatar
 
Join Date: Jul 2003
Posts: 55,962
Re: Absolute Poker victim remission

what about ultimatebet?
Victor is offline   Reply With Quote
Old 04-10-2017, 03:37 PM   #4
BartHanson
adept
 
Join Date: Feb 2005
Posts: 743
Re: Absolute Poker victim remission

Is there any mention of how much money is available to be reclaimed?

Has there been any news of what the outstanding players' balances are?
BartHanson is offline   Reply With Quote
Old 04-10-2017, 03:49 PM   #5
Skallagrim
PPA Board Member/LSN Dir
 
Skallagrim's Avatar
 
Join Date: Nov 2006
Location: It's a PPA post only if so stated
Posts: 6,711
Re: Absolute Poker victim remission

Quote:
Originally Posted by BartHanson View Post
Is there any mention of how much money is available to be reclaimed?

Has there been any news of what the outstanding players' balances are?
No. Whatever figures the DOJ has it has not released them.

But it is highly likely that substantial amounts of money are still available as it was widely reported that the FTP remission process would leave a lot of money left over.

Skallagrim
Skallagrim is offline   Reply With Quote
Old 04-10-2017, 03:50 PM   #6
thirdaccount
centurion
 
Join Date: May 2012
Posts: 139
Re: Absolute Poker victim remission

Quote:
Originally Posted by Victor View Post
what about ultimatebet?
+1, same company correct?
thirdaccount is offline   Reply With Quote
Old 04-10-2017, 04:00 PM   #7
Rich Muny
Poker Players Alliance VP
 
Rich Muny's Avatar
 
Join Date: Apr 2005
Location: ***Only a PPA post if so stated***
Posts: 26,113
Re: Absolute Poker victim remission

Quote:
Originally Posted by BartHanson View Post
Is there any mention of how much money is available to be reclaimed?
The SDNY press release states, “under the terms of the settlement with PokerStars (the “PokerStars Settlement”), the company agreed, among other things, to forfeit $547 million to the United States,” and “Payments to Date of Over $118 Million to Full Tilt Poker Victim Players.” That could leave over $400M or so available, depending on the costs associated with processing FTP claims. That, of course, assumes they treat FTP and AP as aggregate, as it all falls under a single case (United States v. PokerStars, et al.). That’s the position PPA argued with them back when the initial FTP remission was initiated, but it’s not clear if SDNY is using that approach.

GCG or SDNY have not released the amount available yet. And, of course, there’s the matter of remaining FTP appeals which could impact the available AP remission funds to some degree. Of course, given the amount remaining, it’s hard to see that being a big percentage.

Quote:
Has there been any news of what the outstanding players' balances are?
No, but in somewhat related news, we have reports that GCG had information on balances for players who filed for remission.
Rich Muny is offline   Reply With Quote
Old 04-10-2017, 04:01 PM   #8
Rich Muny
Poker Players Alliance VP
 
Rich Muny's Avatar
 
Join Date: Apr 2005
Location: ***Only a PPA post if so stated***
Posts: 26,113
Re: Absolute Poker victim remission

Quote:
Originally Posted by Victor View Post
what about ultimatebet?
We are seeking clarification on the status of UB players.
Rich Muny is offline   Reply With Quote
Old 04-10-2017, 04:02 PM   #9
Rich Muny
Poker Players Alliance VP
 
Rich Muny's Avatar
 
Join Date: Apr 2005
Location: ***Only a PPA post if so stated***
Posts: 26,113
Re: Absolute Poker victim remission

We have heard from 21 players, all of whom had their balances prefilled by the remission site when applying. So, it seems they have the info. If correct, players should not have to submit further proof.
Rich Muny is offline   Reply With Quote
Old 04-10-2017, 04:13 PM   #10
razorbacker
Pooh-Bah
 
razorbacker's Avatar
 
Join Date: May 2006
Location: DUNK CITY
Posts: 5,403
Re: Absolute Poker victim remission

Just did my claim. All of my info was in there once I entered my player ID, email and last name.
razorbacker is offline   Reply With Quote
Old 04-10-2017, 04:13 PM   #11
IV.Geoffrey
old hand
 
IV.Geoffrey's Avatar
 
Join Date: Mar 2008
Posts: 1,212
Re: Absolute Poker victim remission

What about non US citizens? I havent received an e mail, cant find an option to choose different country except US on the claim filing site as well.
IV.Geoffrey is offline   Reply With Quote
Old 04-10-2017, 04:14 PM   #12
Rich Muny
Poker Players Alliance VP
 
Rich Muny's Avatar
 
Join Date: Apr 2005
Location: ***Only a PPA post if so stated***
Posts: 26,113
Re: Absolute Poker victim remission

Quote:
Originally Posted by Victor View Post
what about ultimatebet?
I just heard from a UB player whose account balance was prepopulated when he tried to file at the AP remission site. Good sign for sure. We'll post when we have official clarification.
Rich Muny is offline   Reply With Quote
Old 04-10-2017, 04:18 PM   #13
borg23
Carpal \'Tunnel
 
Join Date: Nov 2012
Posts: 6,736
Re: Absolute Poker victim remission

i used my ub information and it worked

it says i have a 7000 dollar balance which i'm not 100 pct sure was right but seems close
borg23 is offline   Reply With Quote
Old 04-10-2017, 04:21 PM   #14
jdAA88
adept
 
jdAA88's Avatar
 
Join Date: Nov 2007
Posts: 1,164
Re: Absolute Poker victim remission

Quote:
Originally Posted by IV.Geoffrey View Post
What about non US citizens? I havent received an e mail, cant find an option to choose different country except US on the claim filing site as well.
@PokerPlayersAlliance tweeted that the remission process is open to ROW players but I'm also unsure about how to go about claiming through that site.

I've emailed them @ Info@AbsolutePokerClaims.com, I suggest you do the same. Please post here if they reply.

They also have a toll free # to call: (855)907-3254
jdAA88 is offline   Reply With Quote
Old 04-10-2017, 04:22 PM   #15
razorbacker
Pooh-Bah
 
razorbacker's Avatar
 
Join Date: May 2006
Location: DUNK CITY
Posts: 5,403
Re: Absolute Poker victim remission

Just entered my UB info and submitted a claim for them as well. This is awesome.
razorbacker is offline   Reply With Quote
Old 04-10-2017, 04:24 PM   #16
WiltOnTilt
veteran
 
WiltOnTilt's Avatar
 
Join Date: Aug 2004
Location: bbq country
Posts: 2,828
Re: Absolute Poker victim remission

have a bunch on UB, didn't get an email

Tried to put in my info, but it wasn't found in their system.

Did any UB players get an email so far?
WiltOnTilt is offline   Reply With Quote
Old 04-10-2017, 04:26 PM   #17
wporter
adept
 
wporter's Avatar
 
Join Date: Jun 2004
Location: Auburn
Posts: 1,155
Re: Absolute Poker victim remission

Does anyone know (from the Stars/FTP process) if you dispute the balance how much delay, if any, it adds to your claim?
wporter is online now   Reply With Quote
Old 04-10-2017, 04:32 PM   #18
JustSomeGuy
old hand
 
JustSomeGuy's Avatar
 
Join Date: Nov 2008
Posts: 1,204
Re: Absolute Poker victim remission

Quote:
Originally Posted by WiltOnTilt View Post
have a bunch on UB, didn't get an email

Tried to put in my info, but it wasn't found in their system.

Did any UB players get an email so far?
I received an email and my info was populated in GCG's system.
JustSomeGuy is offline   Reply With Quote
Old 04-10-2017, 04:32 PM   #19
kaartman
centurion
 
Join Date: Jul 2011
Location: Mile High
Posts: 144
Re: Absolute Poker victim remission

Quote:
Originally Posted by WiltOnTilt View Post
have a bunch on UB, didn't get an email

Tried to put in my info, but it wasn't found in their system.

Did any UB players get an email so far?
I was on UB and received 2 emails. One went to my inbox and another went to my spam folder. Just filled out the form, my contact info was prepopulated and the balance was correct. Good sign for sure.
kaartman is offline   Reply With Quote
Old 04-10-2017, 04:32 PM   #20
Kirbynator
Carpal \'Tunnel
 
Kirbynator's Avatar
 
Join Date: Aug 2006
Posts: 49,765
Re: Absolute Poker victim remission

sure glad i sold my 100k for 10k back in the days... rip
Kirbynator is offline   Reply With Quote
Old 04-10-2017, 04:36 PM   #21
bad_carma
grinder
 
Join Date: Jun 2007
Posts: 508
Re: Absolute Poker victim remission

Quote:
Originally Posted by WiltOnTilt View Post
have a bunch on UB, didn't get an email

Tried to put in my info, but it wasn't found in their system.

Did any UB players get an email so far?
Same, and i'm not sure i remember the correct email I had on file with UB.

I emailed the claims admin hoping they can clarify with the limited information I do remember.
bad_carma is offline   Reply With Quote
Old 04-10-2017, 04:47 PM   #22
UsedToBeGood
journeyman
 
Join Date: Jun 2015
Posts: 278
Re: Absolute Poker victim remission

Will there be any way to get a spreadsheet of our balances/account activity similar to FTP? I did a withdrawal a few days before BF and then a couple BF panic cash outs that I don't think our indicated in the account balance GCG shows. It's been so long I don't remember it all though (although I do have emails of the cash out requests).
UsedToBeGood is offline   Reply With Quote
Old 04-10-2017, 04:48 PM   #23
Fayth
veteran
 
Join Date: Jan 2007
Location: Quebec
Posts: 3,047
Re: Absolute Poker victim remission

had quite a bit of money on absolute poker and I didn't get any e-mail, should it take long? I would quite like that money back

I'm canadian for what it's worth
Fayth is offline   Reply With Quote
Old 04-10-2017, 04:55 PM   #24
4TeHloLz
grinder
 
Join Date: Aug 2012
Posts: 475
Re: Absolute Poker victim remission

American here. I received an email, on the website it showed my email address on file for AbsolutePoker, but it showed my username for UltimateBet. The balance reflected my UltimateBet balance at Black Friday. My AbsolutePoker balance was significanly higher and is not shown.
4TeHloLz is offline   Reply With Quote
Old 04-10-2017, 04:56 PM   #25
razorbacker
Pooh-Bah
 
razorbacker's Avatar
 
Join Date: May 2006
Location: DUNK CITY
Posts: 5,403
Re: Absolute Poker victim remission

I didn't get an email. I just went to the site and entered my info.
razorbacker is offline   Reply With Quote

Reply
      

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Forum Jump


All times are GMT -4. The time now is 01:24 AM.


Powered by vBulletin®
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Search Engine Optimisation provided by DragonByte SEO v2.0.33 (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.
Copyright © 2008-2010, Two Plus Two Interactive
 
 
Poker Players - Streaming Live Online