Full Tilt Poker claims remission discussion - Page 5 - Poker Legislation

Two Plus Two Forums Poker News & Discussion General Poker Discussion

Full Tilt Poker claims remission discussion

Closed Subscribe

...

Page 5 of 31

First

1 2 3 4 5 6 7 8 9 10 15 25

Last

Page 5 of 31

First

1 2 3 4 5 6 7 8 9 10 15 25

Last

09-16-2013 , 12:25 PM

#101

Lego05

Carpal \'Tunnel

Join Date: Mar 2006 Posts: 24,890

No e-mail here yet either.

09-16-2013 , 12:44 PM

#102

Mendacious

old hand

Join Date: Mar 2005 Posts: 1,337

nope

09-16-2013 , 12:57 PM

#103

Coff

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 8,929

I just got the email, it says to log into http://www.fulltiltpokerclaims.com/ to see your balance but I dont see anywhere on that site to log in.

09-16-2013 , 01:13 PM

#104

Stinky Stu

Pooh-Bah

Join Date: Dec 2007 Posts: 4,201

I got one.

09-16-2013 , 01:14 PM

#105

Stinky Stu

Pooh-Bah

Join Date: Dec 2007 Posts: 4,201

5. When can I file a Petition for Remission?

You can file a Petition for Remission online beginning September 18, 2013.

7. How do I know the amount of my FTP Account Balance?

If you received an email Notice containing both a Petition Number and a Control Number, once you login to the Petition filing process through this website, you will be able to view your FTP Account Balance. You will then be able to confirm or dispute this balance

09-16-2013 , 02:23 PM

#106

Coff

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 8,929

Ah, ok. I didnt notice that date, thanks.

09-16-2013 , 02:33 PM

#107

Rich Muny

Former PPA President

Join Date: Apr 2005 Posts: 28,010

I've not yet, but I've heard some have. It seems they're sending them out in batches.

09-16-2013 , 02:38 PM

#108

PokerXanadu

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 10,583

One of the e-mails:

Quote:

Subject: Full Tilt Claims Administration Notice
Email from: FullTiltClaimsAdministration@tgcginc.com

TO: United States Full Tilt Poker Players Who Were Victims of Full Tilt Poker’s Fraud

PLEASE READ THIS ENTIRE NOTICE CONCERNING SETTLEMENTS WITH FULL TILT POKER (“FTP”) AND POKERSTARS. IT IS TIME-SENSITIVE AND MAY AFFECT YOUR LEGAL RIGHTS. IF YOU SATISFY THE ELIGIBILITY CRITERIA DESCRIBED BELOW, YOU MAY BE ENTITLED TO PAYMENT. YOU CAN ALSO VISIT WWW.FULLTILTPOKERCLAIMS.COM FOR ADDITIONAL INFORMATION.

I. Purpose of this Notice

The purpose of this Notice is to inform you that you may be entitled to receive a distribution from the assets forfeited by Full Tilt Poker (the “FTP Fund”), which resulted from the settlement agreement resolving the allegations in the amended civil forfeiture complaint in United States v. PokerStars, et al., 11 Civ. 2564 (LBS), pending in the United States District Court for the Southern District of New York (the “Action”). You must complete the online Petition filing process in accordance with the steps in this Notice in order to be potentially eligible to share in the distribution from the FTP Fund. This Notice is being sent to all potentially eligible victims of FTP’s fraud who have been identified by The Garden City Group, Inc. (“GCG”), the Claims Administrator retained by the United States, utilizing data supplied by FTP. As explained in greater detail below, Petitions for Remission must be completed online through the administration website at www.FullTiltPokerClaims.com.

THE DEADLINE TO SUBMIT A PETITION FOR REMISSION IS NOVEMBER 16, 2013 (THE “BAR DATE”). IF YOU FAIL TO SUBMIT A TIMELY AND COMPLETE PETITION FOR REMISSION, YOU WILL BE BARRED FROM RECEIVING A PAYMENT FROM THE FTP FUND. WHEN FILING ONLINE, YOU MUST USE THE NUMBERS BELOW IN ORDER TO BEGIN THE PETITION PROCESS:

Petition Number: xxxxx

Control Number: xxxxxxxx

II. Background

In July 2012, the United States entered into settlement agreements with FTP and PokerStars, two of the three online poker companies named as defendants in the Action brought by the United States alleging bank fraud, wire fraud, money laundering, and illegal gambling offenses. Under the terms of the settlement with FTP, the company agreed to forfeit virtually all of its assets to the United States in order to fully resolve the Action. The amended complaint filed in the Action alleged that FTP defrauded its players by misrepresenting to the public that player funds held by FTP were safe, secure and available for withdrawal at any time. In reality, the company did not maintain funds sufficient to repay all of its players and instead, utilized player funds to finance more than $400 million in dividend payments to FTP's owners.

Under the terms of the settlement with PokerStars (the "PokerStars Settlement"), the company agreed, among other things, to forfeit $547 million to the United States and to assume FTP's liability for the approximately $184 million owed by FTP to foreign players. The PokerStars Settlement also provides that PokerStars will acquire Full Tilt’s forfeited assets from the Government and precludes PokerStars from offering online poker for real money in the United States unless and until it becomes permissible to do so under relevant law.

Utilizing funds forfeited from PokerStars, the United States Attorney for the Southern District of New York and the Asset Forfeiture and Money Laundering Section (“AFMLS”) of the United States Department of Justice have established a Petition process by which eligible U.S. fraud victims can seek compensation for their losses.

III. Eligibility Criteria

To qualify for a payment from the FTP Fund, you must satisfy certain eligibility criteria described below. Those criteria include the following:

You must be a U.S. citizen or you must have resided in the United States at the time of playing on the FTP gaming site.

You did not receive compensation as a foreign FTP player in connection with the PokerStars Settlement.

You must have deposited funds into an account with FTP.

Your account with FTP must reflect a balance owed by FTP to you as of April 15, 2011.

You are excluded from participation in the remission process if you are:

A past or present employee of FTP or any of its past or present affiliates;

A past or present vendor of FTP that received compensation through FTP players’ accounts;

A past or present Team Full Tilt player;

A past or present shareholder of FTP, Tiltware LLC, Kolyma Corporation A.V.V., Pocket Kings Ltd., Pocket Kings Consulting Ltd., Filco Ltd., Vantage Ltd., Ranston Ltd., Mail Media Ltd., or Full Tilt Poker Ltd.;

A past or present officer or director of FTP, Tiltware LLC, Kolyma Corporation A.V.V., Pocket Kings Ltd., Pocket Kings Consulting Ltd., Filco Ltd., Vantage Ltd., Ranston Ltd., Mail Media Ltd., or Full Tilt Poker Ltd., or any of their past or present affiliates;

A defendant in any civil action or a claimant in any forfeiture action brought by the Department of Justice related to the violations alleged in this action, or any related action (or any of his or her affiliates, assigns, heirs, distributees, spouses, parents, children, or controlled entities); or

A person who, as of the Bar Date, has been the subject of criminal charges related to the violations alleged in this action, or any related action (or any of his or her affiliates, assigns, heirs, distributees, spouses, parents, children, or controlled entities).
Please be advised that receipt of this Notice does not indicate that you have been determined to be eligible to participate in the FTP Petition for Remission process; if AFMLS determines at any time, before or after you submit a Petition, that you are not eligible for remission, your Petition will be denied.

IV. The Distribution Formula

The amount that an Eligible Petitioner is entitled to receive will equal the final balance in the Petitioner’s account with FTP as of April 15, 2011 (the “FTP Account Balance”). You may view your FTP Account Balance through the online claim filing process at www.FullTiltPokerClaims.com. Once you log on using the Petition Number and Control Number set forth above, you will receive directions for accessing your account information and filing a petition and/or disputing the reported account balance.

If the funds available for distribution from the FTP Fund equal or exceed the aggregate FTP Account Balances for all eligible Petitioners, each eligible Petitioner with an approved claim shall receive the entirety of his or her FTP Account Balance. If the aggregate FTP Account Balances for all eligible Petitioners exceed the monies available for distribution, payments shall be made to eligible Petitioners on a pro rata basis.

Prior to the payment of funds to a Petitioner, GCG will provide the Petitioner’s Social Security or other Taxpayer Identification Number to the Government, in order to offset and collect any qualifying debts currently listed in the Treasury Offset Program Database.

V. Online Filing Deadline

ALL PETITIONS FOR REMISSION MUST BE SUBMITTED ONLINE THROUGH THE CASE WEBSITE AT WWW.FULLTILTPOKERCLAIMS.COM BY NOVEMBER 16, 2013.

VI. Petition Determinations

GCG will email to each Petitioner AFMLS’s determination concerning his or her Petition. If a Petition is denied in whole or in part, GCG will state the reason for such denial and the Petitioner can appeal the ruling through the reconsideration process.

PLEASE BE SURE TO NOTIFY THE CLAIMS ADMINISTRATOR OF ANY CHANGES TO
YOUR EMAIL ADDRESS. YOU MAY CONTACT THE CLAIMS ADMINISTRATOR AT
INFO@FULLTILTPOKERCLAIMS.COM OR CALL TOLL-FREE AT (866) 250-2640.

PLEASE CHECK THE WEBSITE WWW.FULLTILTPOKERCLAIMS.COM FOR UPDATES.

09-16-2013 , 02:51 PM

#109

Skallagrim

PPA Board Member/LSN Dir

Join Date: Nov 2006 Posts: 6,713

So the first email notice is not so complex (thank goodness).

And it looks like there are going to be email batches for the rest of today and tomorrow.

On the 18th it should be possible to log in and see what they propose to pay and also what information (if any) other than your code they will require.

Also on the 18th it will become clear how to file a claim if you did not get an email and what to do if you dispute the amount they propose.

Once that information is more available the PPA will be posting an information page and a process for asking the PPA legal team general questions. This page will be at the PPA website. Note, however, that the PPA team will not be able to provide specific legal advice to individuals (there are way too many!).

As issues and questions arise the PPA will also be in contact with the DOJ and GCG in order to obtain any answers that are not immediately available. Those too will be posted on the PPA FTP Remissions page.

Skallagrim

09-16-2013 , 02:52 PM

#110

Rich Muny

Former PPA President

Join Date: Apr 2005 Posts: 28,010

If you do not receive an email notice and you believe you are eligible to participate in the remission process, you can file a new petition online using the online filing tab on the left sidebar of the GCG Claims website, www.fulltiltpokerclaims.com, beginning September 18, 2013.

09-16-2013 , 02:54 PM

#111

MBomb

centurion

Join Date: Sep 2009 Posts: 184

" You must have deposited funds into an account with FTP"

I've only done player to player deposits (ie transfers from other players and I gave them cash or ps money). I've never deposited directly from a bank account. I don't qualify?

09-16-2013 , 03:33 PM

#112

homanga

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 15,158

Quote:

Originally Posted by MBomb

Looking unlikely I'd have to say. Trying to protect potential fraudulent transfers especially employees that transferred $ to a dummy account or something to that effect

09-16-2013 , 03:45 PM

#113

MBomb

centurion

Join Date: Sep 2009 Posts: 184

09-16-2013 , 03:48 PM

#114

rustychips

grinder

Join Date: Sep 2009 Posts: 527

Quote:

Originally Posted by MBomb

Quote:

Originally Posted by homanga

Looking unlikely I'd have to say. Trying to protect potential fraudulent transfers especially employees that transferred $ to a dummy account or something to that effect

I never deposited just built a small bankroll from being staked, am I basically screwed again?

Never deposited on PS either but PS delivered with a check. I'm lucky 99 percent of my money was on PS.

09-16-2013 , 04:39 PM

#115

Mendacious

old hand

Join Date: Mar 2005 Posts: 1,337

FYI, My email arrived now, but it went to "spam". So be sure to check there.

09-16-2013 , 04:40 PM

#116

PokerXanadu

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 10,583

Quote:

Originally Posted by MBomb

Quote:

Originally Posted by rustychips

I never deposited just built a small bankroll from being staked, am I basically screwed again?

Never deposited on PS either but PS delivered with a check. I'm lucky 99 percent of my money was on PS.

There is no way to know at the moment if these circumstances will be taken to deny your remission. Please post again if you do receive one their remission e-mails, and if your FTP account balance they show is correct.

If you don't receive an e-mail, you can still apply for remission using the form that will be on the remissions web site and providing a description of your situation and whatever evidence you can. I'm sure you won't have a response to such until after the November cutoff date (maybe a month or two or three after?). And the response will likely just be an acceptance or denial of your claim, without much specifics.

09-16-2013 , 04:54 PM

#117

Syck Wyck

newbie

Join Date: Sep 2008 Posts: 22

FWIW...got my notice today from Claims Admin...went to claims site, but there is no where to login yet...

09-16-2013 , 05:39 PM

#118

Lego05

Carpal \'Tunnel

Join Date: Mar 2006 Posts: 24,890

Quote:

Originally Posted by Syck Wyck

FWIW...got my notice today from Claims Admin...went to claims site, but there is no where to login yet...

This will be up on Wednesday.

I got the e-mail btw.

09-16-2013 , 05:48 PM

#119

clockworkorange89

adept

Join Date: Aug 2009 Posts: 709

Ugh still havent gotten my email...

09-16-2013 , 05:55 PM

#120

fnord_too

Carpal \'Tunnel

Join Date: May 2004 Posts: 29,116

Definitely check your spam folder. Probably even worth one of those site wide announcements. (Mine went to spam, gjge claims administrator).

09-16-2013 , 06:05 PM

#121

clockworkorange89

adept

Join Date: Aug 2009 Posts: 709

nope, not there either..should i be worried? Have 30k on there ugh.

09-16-2013 , 06:11 PM

#122

tclark828

old hand

Join Date: Jul 2008 Posts: 1,675

I dont think i ever deposited on FTP, not positive though. I originally funded my account with a xfer, but MAY have deposited to take advantage of a reload bonus, not really sure though. Got the email with claim and petition #s today though, had roughly 40k on there

09-16-2013 , 06:39 PM

#123

rwperu34

Pooh-Bah

Join Date: Dec 2004 Posts: 4,214

Quote:

Originally Posted by clockworkorange89

nope, not there either..should i be worried? Have 30k on there ugh.

No worry. They're sending out e-mails today and tomorrow.

Mine has not arrived yet.

09-16-2013 , 06:40 PM

#124

berya

old hand

Join Date: Oct 2002 Posts: 1,370

Got the email today around 2pm E.T

09-16-2013 , 06:51 PM

#125

AcidKnight

grinder

Join Date: Apr 2007 Posts: 672

I'm pretty sure I never deposited.

I can't believe that a decision unrelated to anything that I made when I opened my account years before the DOJ would shut down the site would cause them to not give me back money ($45k) that is rightfully mine that I have paid taxes on and been without for over 2.5 years.

Then again, I have no faith in them not screwing me either, so who knows.

I'm really not pleased right now but trying to not worry too much since I don't know anything and couldn't do anything yet even if I did.

Page 5 of 31

First

1 2 3 4 5 6 7 8 9 10 15 25

Last

Closed Thread Subscribe

...

Page 5 of 31

First

1 2 3 4 5 6 7 8 9 10 15 25

Last