I just read a article in The Telegraph that FTP says there is quote "there remain significant practical and legal impediments to returning funds to players in the immediate future," so i guess we might have to wait a little longer than we thought in order to get our money back. FTP also talks about how it has no accounting of the millions of dollars of player funds that were seized by the government. IMO if it doesn't have any accounting of the seized money then it doesn't have any accounting of the non-seized money, so there remains a possibility we might not get 100% of our money back. Read the rest of the article here:
The Gment is lying about who they are seizing money from.
Does anyone think Fulltilt is leaving its money around where the Gment can get at it?
The only money the Gment is seizing is money that players are trying to deposit.
That is the "players funds" Fulltilt is talking about in that qoute. Why should Fulltilt be responsible for funds the Gment stole before they got it.
Also FWIW the Gment could not seize segregated players funds held in trust for the players, (which is not anywhere they could get their hands on it) to satisfy a judgement against Fulltilt, even if they get one, which would take years. That money does not legally belong to Fulltilt.
I for one am happy Fulltilt is taking this position regarding seized funds. People need to know the truth.
Also FWIW it seems overwhelmingly likely that Pokerstars, and Fulltilt cashouts to American accounts will only occur under an agreement with the US government, that will specify procedeures etc.