2011, not 2012

got my hopes up

Its weird to think that PS made a deal with DOJ shortly after BF to allow repayment of US players PS balances, but now the DOJ decides with FTP money there will only be repayment of deposits? Its inconsistent and ludicrous. Still very optimistic.

wouldnt there be an awful lot of us who would really BENEFIT if they gave back deposits instead of account balances? i only had $5 on FTP when it shut down, i didnt care much for the site because they didnt offer DON sngs like stars did. so in that case id receive $5 someday.

but if i could get back the total of ALL deposits i ever made, wow id have a nice sum of $500 to $5000 coming to me.-

Its not likely that the DOJ, located in the United States, would help facilitate a deal in which everyone BUT US players/citizens were paid their balances in full.

oh AND if you happened to relocate before June 29th or w/e the date you get paid back full but the person who didnt doesnt. i just dont see that happening.

If this is true which is incredibly doubtful, wouldn't getting deposits back be great for the poker economy? When the US goes legit, the same losing players get to lose the same money all over again and since rake isn't taken over all those millions, the nett amount injected will be greater than if balances were paid.

If DOJ could possibly be this stupid it would probably put me on ragetilt for the rest of my life

Yeah, I went on some mini tilt earlier just thinking about it. However, reasoned with myself that they can't be that stupid/clueless and not reimburse balances.

If you relocated before June 29 or are a ROW player you are at least getting consideration for FTP's/Iron man, and as of right now won't have to fill out paper work through remission for "some consideration of your account" and are a lock to have it all within 90 days. None of which can be proven for US players as of right now...

I like TE, but who names their sources?

To everyone saying its stupid to payout deposits bc it would be a lot more money to payout...well yea but A)a lot of people who deposited small amounts, even frequently are most likely not going to care enough to file a petition/even remember how much they deposited and B) it will require a lot more proof to show how much you deposited rather than "look at my account balance"...the doj I'm sure knows all of this. The grinder with 4-5 figures in their accounts will all I'm sure be petitioning whereas a TON of recreational depositors will not. Just a thought.

Wouldn't deposits be larger amounts of money then balances?

refund deposits?? hahahahahahhahahhahahAHAHAHAAHHAHAHAHA that would be the icing on the fukn cake........................no fukn way can they be that stupid

This. Aren't people misunderstanding what they mean by paying back only deposits?

Say I deposited $1k on FTP and my balance was only $500 on BF, I feel like they mean I'd get back $500, not my balance plus what i've lost, that doesn't make sense. Sounds to me like profits would be held but people who have deposited tons of money wouldn't suddenly get a bunch of money back if they lost it all before BF.

Trying to be optimistic because only getting deposits back would be a heartbreaker.

No, if they want to stick to the 'ponzi' issue for remission from fraud, they would only be going back to the point at which they feel FTP was insolvent and lying about the security of US deposits, about 8 months, and they would only remit to 'victims' whom could verify that their deposits had cleared ($130M worth never did).

If I am reading the other posts correctly the concern is whether or not the DOJ will return the balance a player had on BF rather than the amount deposited by the player. I had the same concern when I read the Forbes article. One thing that gives me hope that we will get our balances back and not just the amount deposited is the wording of the press release by the U.S. Attorney's office. The important part I saw said:

" Full Tilt Poker further defrauded players by misrepresenting that player funds on deposit in online gambling accounts were safe, secure, and available for withdrawal at any time. In reality, the company did not maintain funds sufficient to repay all players, and instead, utilized players’ funds to distribute more than $400 million to Full Tilt’s owners."

To me this section says that the deposit that players will get back is the balance of the funds "on deposit" with FTP, not just the deposits made. It seems the DOJ will look at our balance like they were deposits made at a bank, which essentially they were, with numerous transactions adding and subtracting from them. At least, that's what I am hoping.

I still think we need to keep pressure on the DOJ to make sure they rule that way (the arguments of conformity with both the PS repayment and the ROW repayment under this agreement and that US players shouldn't be screwed over because the DOJ is taking charge of our repayment need to be emphasized).

The other concern I have is that I read somewhere, not sure where, that the DOJ will be repaying US players over the next 3 years. They are only getting part of the total $500+ million from PS now so they could take their time in repaying the US players. That would be a big pain too so hopefully whatever steps are taken to push the DOJ into returning our entire balances will also include something that gets us the money sooner rather than later.

For all the US players with less than $1k in their account just how much in legal fees do you think it will take to have this filled out by your attorney??
http://www.justice.gov/criminal/afml...-remission.pdf

For anyone to think the DOJ will pay US layers based on deposits rather than account balances IMO is foolish. All negotiations between the DOJ & PS were based on actual monies not past transactions.

I'd be happy to get my deposits back wow

Stars is paying the government over three years, but I haven't read anything that says that the government is also planning on taking that long to pay players. In fact, I'd be skeptical of anyone who tries to say exactly howw long the remission process will take, because we don't know enough details yet. What we do know, however, is that the first Stars payment is due in 6 days, and the amount of that payment (over 200 million) is more than the estimated player balances (150 million). So, if the government is slow to pay out, it won't be because they have to wait on money from Stars.

There is no question (at least there shouldn't be) whether SDNY wants remission to be paid based on player balances, the question is whether or not AFMLS will abide by their recommendation or stick to the letter of the regulations when determining the definition of victim.

The fraud FTP is accused of is lying about the security of funds in order to lure in new deposits, so if AFMLS chooses to limit remission to deposits made after those lies were being told, our only hope is that political pressure on Attorney General Holder's office will cause him to use his discretion to override AFMLS's ruling.

Crying to SDNY isn't going to help, they are clearly in the players corner IMHO.

The DOJ is:

[1] Intending to compensate US players significantly
[2] Sending a warning to companies considering circumventing US law

I doubt the Asset and Forfeiture division would do anything that would undermine Preet's statements here.

Also since the DOJ considers the initial acceptance of payments by the Poker Companies illegal (instead of only the actual poker-playing where the actual wagers take place) it would be contradictory to 'feel uncomfortable' reimbursing players for their deposits while at the same time considering those deposits illegal.

X is illegal, so we feel uncomfortable. Y is illegal, but we don't feel uncomfortable?!?

It's not consistent so DOJ's statement >>> Forbes article imo.

They better damn well give me my winnings. If they don't I want a full accounting and refund of my rake, and deposits.

Yea, give me back all the rake I paid! Gotta be a few hundred thousand.

Funny enough that makes more sense than giving back deposits. At least the gov't would be giving back the $ FTP made from us while running their so called illegal business.

Wow, somewhere between $500 to $5000 eh? Thats a big range, you sir are the reason most people here are hoping we get "Balances" not "Deposits"

this would create such a mess that it would take months or years to begin to figure out.... During a period of runbad, I made a few deposits over the course of several months and they all gotten takin out of my account at the same time, about 3 weeks before BF, then I won a nice little MTT....

I also somtimes used reloadable cards for deposits so I'd have NO WAY to ever verify what happened,

If verified, cleared deposits are what pokerstars has in mind, they might end up generating a lot of BAD will, that would negate all the good feelings we have about them now.
it would be a bad move.