|
|
| News, Views, and Gossip For poker news, views, and gossip |
08-01-2012, 03:35 PM
|
#46
|
|
journeyman
Join Date: Jan 2008
Location: U.S. of Goldman-Sachs
Posts: 266
|
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by RikaKazak
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.
|
Here's a step in the right direction: http://forumserver.twoplustwo.com/29...ocess-1044393/
|
|
|
08-01-2012, 03:55 PM
|
#47
|
|
Carpal \'Tunnel
Join Date: Jan 2007
Posts: 10,902
|
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by Chuckled
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...
|
US players would still be paid, just by deposits not winnings. So you might get less, but the donk that blew $10K on Full Tilt over the last five years would be getting a check.
I dont think it will happen for a number of reasons, but they could not pay out on winnings without pocketing the money.
|
|
|
08-01-2012, 03:59 PM
|
#48
|
|
enthusiast
Join Date: Sep 2010
Location: West Palm Beach, FL
Posts: 75
|
Quote:
Originally Posted by Chuckled
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...
|
LOL @ "backlash" or "riot." It won't even make the 5th page of any legitimate news source...and who's going to "riot?" The players? Yeah, we're a real rough and tough bunch...just ask Russ Hamilton, who can peacefully grind away in Florida or Howard Lederer, who can eat lobster and sushi in peace in Vegas. The poker community has no ammunition, no guts, no organization, and couldn't even stage a protest, much less a riot.
|
|
|
08-01-2012, 04:06 PM
|
#49
|
|
Carpal \'Tunnel
Join Date: Apr 2003
Location: at JoeTall
Posts: 15,266
|
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
The Forbes article is ****.
"The Department of Justice has consistently taken the position that online poker violates U.S. law." is flat out wrong. Nevada will have online poker by the end of this year BECAUSE the DOJ cleared the way for it with their declaration of the Wire Act last fall. I'm amazed they let someone idiot write this and it's published on Forbes.
Due diligence first, then write your article.
|
|
|
08-01-2012, 04:08 PM
|
#50
|
|
veteran
Join Date: Jul 2006
Location: VA
Posts: 2,961
|
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
It's strange and disconcerting because the author, Nathan Vardi, has, in my recollection, been one of the better mainstream media writers on poker issues.
|
|
|
08-01-2012, 04:08 PM
|
#51
|
|
Pooh-Bah
Join Date: Jan 2004
Posts: 5,316
|
Re: U.S. FTP Players- Contact DOJ
Quote:
Originally Posted by bizzle03
2) Paying out deposits only would be fundamentally unfair, the fraud we were victims of deprived us of our full account balances, not just our deposits. But for the fraud, we would have our full account balances. If they want to live up to their name, the Department of Justice, they must make us whole.
|
It would be really shocking if this were an issue. Not just because it would seem fundamentally unfair but also because it would result in them actually paying out more money:
Deposits - rake = balances
|
|
|
08-01-2012, 04:11 PM
|
#52
|
|
veteran
Join Date: Mar 2009
Posts: 2,977
|
Re: U.S. FTP Players- Contact DOJ
I guess the fear, whether it is paranoia or reality (see Forbes article), is the DoJ would credit only up to deposits within someones current balance but if they had a 0 balance on BF, then past deposits don't matter. That way the DoJ pockets more and the player is screwed. To be clear, I have never thought this was realistic, but that Forbes article really shook me up.
|
|
|
08-01-2012, 04:13 PM
|
#53
|
|
Carpal \'Tunnel
Join Date: Jan 2007
Posts: 10,902
|
Re: U.S. FTP Players- Contact DOJ
Quote:
Originally Posted by ike
It would be really shocking if this were an issue. Not just because it would seem fundamentally unfair but also because it would result in them actually paying out more money:
Deposits - rake = balances
|
Yeah, thats what I noted too. I guess from a pure dollars and sense standpoint you'd have to factor in how much less likely it is for zero balance players to file a claim, but its just so much easier to pay out current balances.
That said, wouldnt surprise me to see the DOJ try and find a way not to pay out winnings.
|
|
|
08-01-2012, 04:13 PM
|
#54
|
|
grinder
Join Date: Aug 2005
Posts: 593
|
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
I don't think it will ever happen. If they pay out deposits, 500M wont be enough and they will need to pay 1 Million people more who have zero balance but made deposit before.
|
|
|
08-01-2012, 04:15 PM
|
#55
|
|
Carpal \'Tunnel
Join Date: Jan 2007
Posts: 10,902
|
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by momo_the_kid
I don't think it will ever happen. If they pay out deposits, 500M wont be enough and they will need to pay 1 Million people more who have zero balance but made deposit before.
|
Then they repay pro-rata, its not like they have to come out of pocket.
Just seems so much harder to administer.
|
|
|
08-01-2012, 04:18 PM
|
#56
|
|
adept
Join Date: May 2008
Location: sys.rnd.7=error
Posts: 1,174
|
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by Mismo
Playing poker online is not illegal at the federal level in the United States. The DOJ has never argued this, and likely never will. How many times does this need to be said?
|
Emphasis added.
The reason why the language regarding U.S. player remissions has been ambiguous is that players in some states were NOT acting legally when playing online poker. So those players may not receive their remission.
Again, that has been my non-expert interpretation of the information thus far, so take it for what it's worth.
|
|
|
08-01-2012, 04:20 PM
|
#57
|
|
veteran
Join Date: Mar 2009
Posts: 3,053
|
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by LetsGambool
Then they repay pro-rata, its not like they have to come out of pocket.
Just seems so much harder to administer.
|
LOL, that would mean I only get about 30% of my initial deposit. I'll get back $15.
|
|
|
08-01-2012, 04:23 PM
|
#58
|
|
veteran
Join Date: Mar 2009
Posts: 3,053
|
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
Quote:
Originally Posted by Wilbury Twist
Emphasis added.
The reason why the language regarding U.S. player remissions has been ambiguous is that players in some states were NOT acting legally when playing online poker. So those players may not receive their remission.
Again, that has been my non-expert interpretation of the information thus far, so take it for what it's worth.
|
I don't think there are any states that make playing poker illegal? Washington could be the only state, but FTP stopped serving Washington well before BF.
|
|
|
08-01-2012, 04:23 PM
|
#59
|
|
adept
Join Date: Aug 2008
Location: Los Angeles
Posts: 956
|
Re: U.S. FTP Players- Contact DOJ
Does anyone know where the DOJ (whichever department handles remission in this case) posts information regarding confidentiality? It seems to me that victims should have rights to privacy and confidentiality in regards to compensation, should they seek remission.
I would like to know if my private information, the details of this case as it pertains to me, and anything else pertinent will be passed around among various federal agencies and/or stored indefinitely (and if so, for what purpose). That would go a long way towards letting me know if I should bother with this.
|
|
|
08-01-2012, 04:24 PM
|
#60
|
|
Pooh-Bah
Join Date: Jan 2009
Location: NOT ... playing online poker :-/
Posts: 4,919
|
Re: The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back?
wait a minute, if they are going to go the "internet poker is illegal" wasn't it by UIGEA illegal from the operator side and not from the player side? I thought that as far as the law is concerned, the players did nothing wrong. Also as it has been brough up by pappas, it is beyond hypocritical BS that the PS payed balances after BF as was FTP and AP/UB supposed to but now they decided to flip the script? They better not even think about it!!!!
|
|
|
| Thread Tools |
|
|
| Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -4. The time now is 07:54 AM.
|