Two Plus Two Publishing LLC Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > General Poker Discussion > News, Views, and Gossip

Notices

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

Closed Thread
 
Thread Tools Display Modes
Old 08-01-2012, 03:12 PM   #31
centurion
 
Join Date: Nov 2006
Location: Aruba Ariba!!
Posts: 197
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Ok lets say the DOJ decides to pay out the amount deposited not the amount in the account. What happens to Player X who has made deposits of 25k, withdrawals of 100k, and had a balance of 50k?
flash237 is offline  
Old 08-01-2012, 03:14 PM   #32
John Connor of poker
 
sluggger5x's Avatar
 
Join Date: Feb 2006
Location: Fight for Poker Rights Action Thred
Posts: 5,464
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

If the intention of the DOJ is to discipline players for gambling (which I think is just Forbes spin), then why would they do so by rewarding all players who have gambled over the years and lost by deducting all of their losses and refunding the original deposit?

They are going to make a 'statement' on the ills of online gambling by giving losing players their losses back and taking away from winning players?

I have little concern that they would ever do this.
sluggger5x is offline  
Old 08-01-2012, 03:15 PM   #33
grinder
 
Join Date: May 2008
Location: Alamo, CA
Posts: 424
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

PokerStars hands DOJ a check, government pockets it?
ASAP17 is offline  
Old 08-01-2012, 03:16 PM   #34
adept
 
WalterS's Avatar
 
Join Date: Mar 2012
Location: 2012 OOT Sub-Valedictorian
Posts: 922
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Quote:
The ultimate decision on this issue will be made by the Department of Justice’s asset forfeiture and money laundering division...

Those ****ers don't sound like the friendliest bunch of *******s, do they?
WalterS is offline  
Old 08-01-2012, 03:17 PM   #35
veteran
 
Join Date: Mar 2009
Posts: 2,974
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Can some of the people 'in the know' PLEASE comment on this? This seems insanely significant and terrifying all at once.
insidemanpoker is offline  
Old 08-01-2012, 03:18 PM   #36
adept
 
Join Date: May 2006
Posts: 838
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Quote:
Originally Posted by BigPoppa View Post
Does the DOJ understand that the cost of paying out account balances (regardless of whether they're "winnings", deposits, bonuses, etc) would be a small fraction of the cost of paying out total deposits.


Billions have been deposited to FTP over the years.
Arguably, they could choose to refund the lesser of your balance and your total deposits. If you lost, tough luck. If you won, you get back your deposit but you don't get to keep your profits.
mrwalken is offline  
Old 08-01-2012, 03:19 PM   #37
journeyman
 
Join Date: May 2012
Posts: 323
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Can a mod out there close this ****er down please until something concrete is released, I thought it was all over and really dont think I can handle another thread like this.
IMDABES is online now  
Old 08-01-2012, 03:22 PM   #38
journeyman
 
Join Date: Jan 2010
Location: Box gym
Posts: 395
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Well, at least if US players are paid their deposits back, you would think that it shouldn't be classed as income, and therefore not subject to taxation.
dirtlad is offline  
Old 08-01-2012, 03:25 PM   #39
Carpal \'Tunnel
 
Join Date: Jul 2005
Location: RIP Reefer
Posts: 8,662
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Everyone just needs to call the DOJ and let your opinion be known. The DOJ cares just as much about their political image as they do about "seeking justice."

If they know they'll be HUGE political backlash if they don't refund balances and go the way of deposits back...it'll go a long way towards helping our cause.
RikaKazak is offline  
Old 08-01-2012, 03:27 PM   #40
Pooh-Bah
 
WildBobAA's Avatar
 
Join Date: Sep 2005
Posts: 4,684
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Quote:
Originally Posted by dirtlad View Post
Well, at least if US players are paid their deposits back, you would think that it shouldn't be classed as income, and therefore not subject to taxation.
Great, so I wouldn't have to pay tax on my $50. That makes me feel a whole lot better.
WildBobAA is offline  
Old 08-01-2012, 03:29 PM   #41
journeyman
 
Chuckled's Avatar
 
Join Date: Oct 2011
Posts: 278
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Quote:
Originally Posted by RikaKazak View Post
Everyone just needs to call the DOJ and let your opinion be known. The DOJ cares just as much about their political image as they do about "seeking justice."

If they know they'll be HUGE political backlash if they don't refund balances and go the way of deposits back...it'll go a long way towards helping our cause.
There will be beyond a huge backlash. Riot is more like it. A few media outlets get ahold of the story on how everyone else was paid and US players weren't while the DOJ pocketed the money?

Call the DOJ, let your opinion know, but this ending in anything other than us getting the money is ridiculous...
Chuckled is offline  
Old 08-01-2012, 03:30 PM   #42
journeyman
 
JadeLane's Avatar
 
Join Date: Apr 2006
Location: Hablando Espanol
Posts: 373
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

http://forumserver.twoplustwo.com/sh...92&postcount=4

Skallagrim's post from the legislation thread
JadeLane is offline  
Old 08-01-2012, 03:33 PM   #43
Carpal \'Tunnel
 
Join Date: Feb 2010
Location: Doesn't have a leg to stand on.
Posts: 7,401
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

lol, so the precedent is for people to get a fraction of their balances back... great.

At least we know all the money will be there from PS.
Go Get It is offline  
Old 08-01-2012, 03:34 PM   #44
journeyman
 
Chuckled's Avatar
 
Join Date: Oct 2011
Posts: 278
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Quote:
Originally Posted by Go Get It View Post
lol, so the precedent is for people to get a fraction of their balances back... great.

At least we know all the money will be there from PS.
Sight... people really interpret stuff every possible wrong way....
Chuckled is offline  
Old 08-01-2012, 03:35 PM   #45
journeyman
 
Reverse_Centaur's Avatar
 
Join Date: Mar 2012
Posts: 238
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?

Quote:
The ultimate decision on this issue will be made by the Department of Justice’s asset forfeiture and money laundering division...
Quote:
Originally Posted by WalterS View Post
Those ****ers don't sound like the friendliest bunch of *******s, do they?
They don't look that friendly either.


But I don't think they would go out of their way to screw us, either. Based on their statements and their past actions, I think Preet's office will recommend that we get our money back. And if that happens, I think the afmls will try to follow that recommendation. Why would they go against the recommendation of the attorneys who have actually been working on this case? Obviously, it's still uncertain what will happen and when, but I think our chances are pretty good (knock on wood).
Reverse_Centaur is offline  

Closed Thread
      

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
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 05:52 AM.


Powered by vBulletin®
Copyright ©2000 - 2013, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 ©2011, Crawlability, Inc.
Copyright © 2008-2010, Two Plus Two Interactive