FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP) - Page 1498 - Poker News

God this could potentially turn out to be the worst day ever or the best day ever. Could I really get my ftp funds and UB funds?!!? Really 1 time here!

07-31-2012 , 11:40 AM

#37428

dcdoorknob

grinder

Join Date: Feb 2008 Posts: 537

Quote:

Originally Posted by Ray_Ping_Yu

Brett Collson ‏@brettcollson
According to DOJ, a press release will be issued shortly re: PokerStars, Full Tilt Poker and AP.
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(pokernews.com guy)

Quick lets debate the meaning of "shortly"!

We may not have much time!

07-31-2012 , 11:40 AM

#37429

CFB402

stranger

Join Date: Jun 2009 Posts: 5

That document was notarized on July 27th.... Maybe the Full Tilt deal is done as well and they are slow rolling us there too waiting to submit

07-31-2012 , 11:40 AM

#37430

foldacedeuce

journeyman

Join Date: Feb 2012 Posts: 253

Quote:

Originally Posted by Zenzor

i was never aware their was an absolute deal?

i've been under the impression that my money there was cooked

Oh it is, whatever they get from the sale of assets would not cover legal fees. Don't forget the lawyers always have theirs first.....

07-31-2012 , 11:41 AM

#37431

Fold_Pls

grinder

Join Date: Sep 2011 Posts: 682

DOJ will issue a statement soon re US v. Pokerstars et al.

07-31-2012 , 11:41 AM

#37432

O Falsidico

enthusiast

Join Date: Jun 2012 Posts: 55

Quote:

Originally Posted by wuwut666

UB/AP liquidation ran by the DOJ?

Quote:

Originally Posted by BreakYaNeck

God this could potentially turn out to be the worst day ever or the best day ever. Could I really get my ftp funds and UB funds?!!? Really 1 time here!

I'll use mine for you:

ONEEEEEEEEEEEEEEE TIME

07-31-2012 , 11:41 AM

#37433

zoomie123

journeyman

Join Date: Aug 2008 Posts: 388

Quote:

Originally Posted by dcdoorknob

Quick lets debate the meaning of "shortly"!

We may not have much time!

Sounds like a few minutes

07-31-2012 , 11:41 AM

#37434

CANUCKEH44

grinder

Join Date: May 2012 Posts: 643

Watching my twitter feed
Brett Collson? Anyone know him?

Saying According to the DOJ their will be a press release issued shortly re Pokerstars / FTP and Absolute Poker.

07-31-2012 , 11:42 AM

#37435

Waldur

stranger

Join Date: Feb 2007 Posts: 5

Quote:

Originally Posted by dcdoorknob

Quick lets debate the meaning of "shortly"!

We may not have much time!

I lol'd so hard.

07-31-2012 , 11:42 AM

#37436

StoneColdTex

old hand

Join Date: Feb 2006 Posts: 1,956

Quote:

Originally Posted by BreakYaNeck

God this could potentially turn out to be the worst day ever or the best day ever. Could I really get my ftp funds and UB funds?!!? Really 1 time here!

Who said anything about AP/UB funds being paid? You people read way to much into everything?

Want to tell me who has agreed to buy the AP/UB assets and repay players?

What? You think PS is also repaying AP/UB players just for grins? Maybe the Government is going to take my tax dollars and repay you?

07-31-2012 , 11:43 AM

#37437

Typicus

enthusiast

Join Date: Sep 2010 Posts: 56

It's there.

http://www.diamondflushpoker.com/

07-31-2012 , 11:43 AM

#37438

honkey

newbie

Join Date: Jun 2011 Posts: 15

Quote:

Originally Posted by Fold_Pls

DOJ will issue a statement soon re US v. Pokerstars et al.

obv regarding the AP Settlement?

07-31-2012 , 11:43 AM

#37439

Fold_Pls

grinder

Join Date: Sep 2011 Posts: 682

For those of you who don't really understand all the legal words in that Motion filed by the US, it's basically both US and AP agreed to settle the case with AP forfeited all their assets to the US. So basically DOJ owns AP now (after the Judge signs the order).

Next news should be about FTP. hold your horses.

07-31-2012 , 11:44 AM

#37440

robkey69

journeyman

Join Date: Sep 2011 Posts: 315

hahahaaaa

07-31-2012 , 11:44 AM

#37441

TommyDevito

banned

Join Date: Jun 2012 Posts: 260

Andrew Feldman ‏@AFeldmanESPN
I'd follow @GaryWise1 very quickly if you aren't already. #ftpstars
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07-31-2012 , 11:44 AM

#37442

SAIBOT24

centurion

Join Date: Apr 2010 Posts: 115

http://diamondflushpoker.com/2012/07...ment-complete/

07-31-2012 , 11:44 AM

#37443

Torgil

centurion

Join Date: Apr 2010 Posts: 149

new article from DF, deal complete!

07-31-2012 , 11:44 AM

#37444

TommyDevito

banned

Join Date: Jun 2012 Posts: 260

Diamond Flush ‏@Diamond_Flush
PokerStars-FTP Deal Complete; http://diamondflushpoker.com/2012/07...ment-complete/ …
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!|!!!!!!!

07-31-2012 , 11:45 AM

#37445

ulkyst

enthusiast

Join Date: Jul 2012 Posts: 57

THE DEAL IS COMPLETEE !!!!!!!!!!!

http://t.co/KUQHqscJ

http://diamondflushpoker.com/2012/07...ment-complete/

07-31-2012 , 11:45 AM

#37446

Zenzor

Pooh-Bah

Join Date: Dec 2007 Posts: 5,420

Quote:

Originally Posted by randomdonk

turbulence tuesday

preceded by "book it Monday"

07-31-2012 , 11:45 AM

#37447

28renton

old hand

Join Date: Feb 2009 Posts: 1,627

Quote:

Originally Posted by Typicus

It's there.

http://www.diamondflushpoker.com/

Bazinga?

$547,000,000?!?! Daaaannnnnngggg....it's not the 3 billion combined (between PS/FTP/Ap/Ub that the DoJ was looking for but dayumn!

07-31-2012 , 11:45 AM

#37448

gnvsnnkv

old hand

Join Date: May 2009 Posts: 1,455

Grats everyone. It's been a long road.

07-31-2012 , 11:45 AM

#37449

Kraada

See our Commercial Software thread

Join Date: May 2005 Posts: 6,489

Quote:

Originally Posted by Gioco

I put it on Scribd:
http://www.scribd.com/doc/101644513

Based on my reading, here are some cliffs on this document for those who care:

(1) All Cereus assets will be forfeited to the US.
(2) All civil money laundering claims against the Cereus group of brands will be dismissed with prejudice (ie- they can't be brought again).
(3) The US takes title to everything Cereus related.
(4) Each side (Cereus and DOJ) pay their own attorney's fees.

I don't think I missed anything but I only gave it a quick read.