All, I spoke today with my DOJ contact. As stated previously the next wave of remission is "on track" to be fulfilled by the end of March 2015.

This will include payments to about 3,500 FTP customers totaling nearly $3 million in remission. The vast majority of these customers (approx 3,100) are people who confirmed inaccurate information to Garden City, such as a social security number or bank account info. The other 400 are those with disputed balances. This would likely include people who had a dispute of less than $500 dollars, or a dispute that was no greater than 20% of their balance as provided by Garden City. Again, the expectation is that this next round of payments will happen before the end of March.

According to my contact this leaves about 1,200 customers with disputes that will still need review and remediation. A timeline was not provided for this final wave.

I will continue to try and get additional info and will share with you as I do.

Proud to Play,

John A. Pappas, Executive Director
Poker Players Alliance

PS: I am heading to the airport for an overseas flight and will not be able to respond to additional questions in this thread or PMs in a timely manner.

This is bogus. Another "no timeline" for people owed money who disputed their incorrect balance provided for us. It's not our fault they didn't get it right, yet we have to wait literally years to get paid. If I knew then what I knew now I would have never disputed, and ate the $4500... Which is terrible to chalk up almost 5k to sheer incompetence.

Although much thanks to Mr. Pappas for actually keeping us informed, which is far more than GCG has ever done.

Any idea how much money is left for payouts on the remaining disputed balances? Also... Is that amount of money enough to cover those remaining balances?

There's enough money... That's not the issue. The issue is that they continue to delay repayments of disputed balances by making up some arbitrary criteria to only pay a small number of people in over 6 months.

We don't have a timeline for the next payment wave, and we don't even know if the next one will be the last one. It's absurd.

NOTICE REGARDING UPCOMING PAYMENTS,
INCLUDING PAYMENTS OF DISPUTED PETITIONS

Petitioners Included in the Upcoming Distribution.

GCG has been informed that the Department of Justice Asset Forfeiture and Money Laundering Section has approved a new round of payments, which will mark the commencement of payments to Petitioners who have disputed their FTP Account Balances. In addition, payments will be made to Petitioners who have confirmed their FTP Account Balances and recently cured deficiencies. In all, the distribution will include approximately 3,500 Petitions totaling approximately $2.8 million.

Disputing Petitioners who are being paid this month met one of the following established criteria approved by the Department of Justice: (i) a dispute of $500 or less, or (ii) a dispute between $500.01 and $2,000, if the difference between the FTP Account Balance and the disputed amount is 20% or less. All other Petitions with disputed amounts are still under review and, if found to be valid, will be paid in upcoming distributions.

Information about Payments and Bank Testing

GCG is currently working with the bank selected by the DOJ to set up the payment process. GCG expects to issue payments via ACH by the end of March 2015 and will post further updates on the payment process as they become available. As part of the process of preparing this next round of payments, shortly before payments are issued, Petitioners who are approved to receive payment may notice a zero-dollar transaction in their bank account statement that relates to the Full Tilt Poker Claims Administration. Please be aware that this is a normal part of the bank testing process in preparation for payment of ACHs. However, not all banks post these notices during the testing process, so do not be concerned if you do not receive such a notice and believe you are eligible to receive payment in the upcoming distribution.

Please be advised that there are Petitioners who are eligible for payment in the upcoming round of payments, but who have a delinquent debt qualifying for collection through the Treasury Offset Program. Payments for these Petitioners will be reduced in order to satisfy their debt in part or in whole. A notice will be sent to these Petitioners in the upcoming weeks and will include a Unified Financial Management System Vendor Request Form, which must be completed by the Petitioner in order to receive the balance of his or her payment. Please note that Petitioners who were previously approved for payment and were notified that they had a delinquent debt qualifying for collection through the Treasury Offset Program, but who still have not returned a completed form will not receive payment until a completed form is submitted.

Please continue to check this website for updates regarding the payment process and this administration.

Updated 3/16/15

i had an account balance in the hundreds around BF which i was in the process of withdrawing. received two checks (leaving my account at zero) the week leading up to or of BF which bounced. my balance read $0.00 at the time of disputing claim.

gave them copies of bounced checks as well as copies of bank statements.

received an email today saying that my full amount will be paid back in the next several days.

Awesome! It was a long time coming, but glad you're being made whole.

I've been getting reports of GCG letters over the past few days. Good news.

Did you get yours yet, TE?

wow, disputed balances are actually getting paid out? wasn't sure i'd ever see my money lol

I've been away for a while. Has anybody made a late claim and got paid? My claim was after the deadline and the lady said there is no guarantee payments will be made for late claims.

Any info on when the next round of dispute payments will go out? Still waiting. :-\

I'm closing this thread as it is really not kept up to date. The right place now to ask questions, follow the news, etc. is:
FTP Thread in NVG.