Article in Forbes claims DoJ may repay FTP players based on deposits rather than balances

[insidemanpoker]

Originally Posted by PokerXanadu

The DOJ will have access to all records of FTP from the beginning of time, including zero balance players. This will be more like 5 million people.

How the heck do you think they can sift through it all? Do you think the data they are given is easy to navigate or very very raw? I mean it is very unlikely it will be like PTR where you type in someones name and get everything all neat and tidy. It might not be that bad but I wouldn't be surprised if it was relatively over the head of those who possess it.

That being said, I am sure they will figure out how to conveniently look at current balances for obvious reasons but I don't think they will be looking at your 4 bet ranges any time soon. So do they keep this data indefinitely? That is a little weird. Shouldn't there be an explicitly finite period of time they keep it?

[LetsGambool]

Originally Posted by PokerXanadu

The DOJ will have access to all records of FTP from the beginning of time, including zero balance players. This will be more like 5 million people.

True. I was thinking that if you were super concerened about being labeled a gambler or getting your taxes looked at that the subset to think about was people who had played more regularly.

[lawdude]

Originally Posted by Lego05

If the government keeps all the money, then the government gets all the money. If the government gives up the money to be able to keep/collect taxes on it, then the government gets a percentage of the money. (Unless interest and penalties from people who didn't pay would make up the difference.)




*I have no idea what is going to happen. Just saying I don't think they'd pay it all out solely so they could collect tax on it.

The issue isn't whether it gets paid out. They already said they are going to pay.

The point is, if they pay it to winning players, they collect taxes. If they pay it to losers and break evens, they don't.

[Didace]

Originally Posted by insidemanpoker

How the heck do you think they can sift through it all? Do you think the data they are given is easy to navigate or very very raw? I mean it is very unlikely it will be like PTR where you type in someones name and get everything all neat and tidy. It might not be that bad but I wouldn't be surprised if it was relatively over the head of those who possess it.

You don't think the government has (or can hire more/better) database people?

[insidemanpoker]

Originally Posted by Didace

You don't think the government has (or can hire more/better) database people?

Of course they could, but why the hell would they? I actually am not one who believes any of this info will go to the IRS. Do you guys disagree? Assuming not, and assuming they just pay people their balances, I would imagine they'd have no reason to look at the data beyond balances. But I really have no idea what that data looks like, how easily it can be viewed, and how many different people or agencies would have access to it. I doubt the IRS can have access to it, but I personally have no idea and obviously you should be paying your taxes either way.

[sba9630]

Originally Posted by insidemanpoker

...I actually am not one who believes any of this info will go to the IRS. Do you guys disagree?...

I disagree. I think the IRS either has the information now, or will shortly.

Getting info OUT of the IRS = Very Difficult

Getting info TO the IRS = Trivially Easy

[scaryfast]

Let's ask the DOJ to help us get back all of our damages.

Tokens had actual value, points and medals could be used for these tokens. Therefore, they should be reimbursed also.

What about checks that were sent and never cashed because of the seizure?

And, what about requests for checks(that were never issued) that are still deducted from balance and never added back on?

[DjSkyy]

Originally Posted by KingKongGrinder

I'm pretty sure they already have your information.

i try to never underestimate the incompetence of government agencies with unlimited budgets

[Doc T River]

We've remembered the fiancee's FTP name and it'll be interesting to see if she gets back any money even if others are paid. She finished high enough in a live tourney to earn money on an online site. When that site left the US, her money was transfered to FTP so in a way she never deposited any money on FTP.

[Go Get It]

Someone posted this in NVG:

http://forumserver.twoplustwo.com/sh...postcount=1312

Anyone here who has talked to the DOJ heard anything like this?

[scaryfast]

This thread has nothing to do with tokens, points or medals. So, why was my post moved into this thread?

[PokerXanadu]

Originally Posted by scaryfast

This thread has nothing to do with tokens, points or medals. So, why was my post moved into this thread?

One thread on the topic of repayment by the DOJ is enough. You might try NVG if you want a separate discussion. No need here because no one has answers yet to such details about the remission process.

[4 of a KINDBUD]

Can of worms definitely open here.....


...Would be absolutely ludicrous to pay back by deposits. In other words people who we're losers would get refunded and winners would be punished....That's not the American way

[JustSomeone]

This thread is saturated with speculation. At some point it just becomes pointless and we need to wait for more info to make any valuable conclusions. Granted this was likely inevitable, all the excitement and frenzy caused by the latest developments has everyone jumping at anything. The amount of pointless articles I've read with the obvious purpose of just generating traffic is sad. The following period will be a test of players patience, we're moving in the right direction now people - let's relax a bit and try to limit the need to pull conclusions out of the air.

[KingKongGrinder]

Originally Posted by DjSkyy

i try to never underestimate the incompetence of government agencies with unlimited budgets

Then be paranoid and don't ask for your money back. I don't know what to tell you.