Open Side Menu Go to the Top
Register
Absolute Poker / Ultimate Bet victim remission Absolute Poker / Ultimate Bet victim remission

04-10-2017 , 03:12 PM
As Garden City Group is largely done processing Full Tilt Poker remission claims (most remaining work is in reviewing appeals), they have been authorized by the Southern District of New York to accept and process claims for former Absolute Poker and Ultimate Bet players. Affected players can file for remission at www.absolutepokerclaims.com

PPA has reached out to SDNY verbally and in writing several times since the April 15, 2011 U.S. shutdowns of PokerStars, Full Tilt Poker, Absolute Poker and Ultimate Bet, encouraging them to treat all funds obtained as a result of actions associated with these shutdowns as aggregate (i.e., a single pot of money), as the funds all fall under a single case -- United States v. PokerStars, et al. As the representative of U.S. players before SDNY, we are very pleased that our recommendations have been accepted and that, at long last, many U.S. players will be made whole.

Neither GCG nor SDNY has released information on the amount of money available for AP/UB remission, but the press release does state that, in the PokerStars settlement, PokerStars agreed to forfeit $547 million. It also states that over $118 million in payments have been made to Full Tilt Poker players. Even factoring in the costs of remission processing, this seems to indicate a sizable pot, so to speak, for the AP/UB remissions process. PPA has reached out to SDNY for official word on the amount of money available for remissions, but it seems likely to be sufficient to cover expected claims.

We will keep everyone informed of new information as it becomes available. PPA looks forward to serving as an advocate for the players throughout the remission process, as we did for the Full Tilt Poker remission process. We also wish everyone making a claim all the best in working through the process.

From the SDNY release, at www.justice.gov/usao-sdny/pr/acting-manhattan-us-attorney-announces-compensation-program-absolute-poker-victim:

Quote:
Joon H. Kim, the Acting United States Attorney for the Southern District of New York, announced today that the United States has retained the Garden City Group (“GCG”) to oversee a process for compensating eligible victims of a fraud committed by Absolute Poker against United States players who were unable to withdraw funds from Absolute Poker following the Office’s filing in 2011 of a civil money laundering and forfeiture action against Absolute Poker and others in United States v. PokerStars, et al.

GCG is already overseeing the claims process for eligible victims of the fraud committed by Full Tilt Poker against United States players, as described in both United States v. PokerStars, et al., and the indictment in the parallel criminal case, United States v. Bitar, et. al. To date, approximately $118 million has been paid to Full Tilt Poker fraud victims through that process.

Last edited by Rich Muny; 10-05-2017 at 01:53 PM. Reason: Petition for remission deadline has passed
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 03:16 PM
What a mess that idiot Preet Bahara created. So glad he got canned, moron.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 03:33 PM
what about ultimatebet?
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 03:37 PM
Is there any mention of how much money is available to be reclaimed?

Has there been any news of what the outstanding players' balances are?
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 03:49 PM
Quote:
Originally Posted by BartHanson
Is there any mention of how much money is available to be reclaimed?

Has there been any news of what the outstanding players' balances are?
No. Whatever figures the DOJ has it has not released them.

But it is highly likely that substantial amounts of money are still available as it was widely reported that the FTP remission process would leave a lot of money left over.

Skallagrim
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 03:50 PM
Quote:
Originally Posted by Victor
what about ultimatebet?
+1, same company correct?
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:00 PM
Quote:
Originally Posted by BartHanson
Is there any mention of how much money is available to be reclaimed?
The SDNY press release states, “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 “Payments to Date of Over $118 Million to Full Tilt Poker Victim Players.” That could leave over $400M or so available, depending on the costs associated with processing FTP claims. That, of course, assumes they treat FTP and AP as aggregate, as it all falls under a single case (United States v. PokerStars, et al.). That’s the position PPA argued with them back when the initial FTP remission was initiated, but it’s not clear if SDNY is using that approach.

GCG or SDNY have not released the amount available yet. And, of course, there’s the matter of remaining FTP appeals which could impact the available AP remission funds to some degree. Of course, given the amount remaining, it’s hard to see that being a big percentage.

Quote:
Has there been any news of what the outstanding players' balances are?
No, but in somewhat related news, we have reports that GCG had information on balances for players who filed for remission.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:01 PM
Quote:
Originally Posted by Victor
what about ultimatebet?
We are seeking clarification on the status of UB players.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:02 PM
We have heard from 21 players, all of whom had their balances prefilled by the remission site when applying. So, it seems they have the info. If correct, players should not have to submit further proof.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:13 PM
Just did my claim. All of my info was in there once I entered my player ID, email and last name.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:13 PM
What about non US citizens? I havent received an e mail, cant find an option to choose different country except US on the claim filing site as well.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:14 PM
Quote:
Originally Posted by Victor
what about ultimatebet?
I just heard from a UB player whose account balance was prepopulated when he tried to file at the AP remission site. Good sign for sure. We'll post when we have official clarification.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:18 PM
i used my ub information and it worked

it says i have a 7000 dollar balance which i'm not 100 pct sure was right but seems close
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:21 PM
Quote:
Originally Posted by IV.Geoffrey
What about non US citizens? I havent received an e mail, cant find an option to choose different country except US on the claim filing site as well.
@PokerPlayersAlliance tweeted that the remission process is open to ROW players but I'm also unsure about how to go about claiming through that site.

I've emailed them @ Info@AbsolutePokerClaims.com, I suggest you do the same. Please post here if they reply.

They also have a toll free # to call: (855)907-3254
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:22 PM
Just entered my UB info and submitted a claim for them as well. This is awesome.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:24 PM
have a bunch on UB, didn't get an email

Tried to put in my info, but it wasn't found in their system.

Did any UB players get an email so far?
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:26 PM
Does anyone know (from the Stars/FTP process) if you dispute the balance how much delay, if any, it adds to your claim?
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:32 PM
Quote:
Originally Posted by WiltOnTilt
have a bunch on UB, didn't get an email

Tried to put in my info, but it wasn't found in their system.

Did any UB players get an email so far?
I received an email and my info was populated in GCG's system.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:32 PM
Quote:
Originally Posted by WiltOnTilt
have a bunch on UB, didn't get an email

Tried to put in my info, but it wasn't found in their system.

Did any UB players get an email so far?
I was on UB and received 2 emails. One went to my inbox and another went to my spam folder. Just filled out the form, my contact info was prepopulated and the balance was correct. Good sign for sure.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:32 PM
sure glad i sold my 100k for 10k back in the days... rip
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:36 PM
Quote:
Originally Posted by WiltOnTilt
have a bunch on UB, didn't get an email

Tried to put in my info, but it wasn't found in their system.

Did any UB players get an email so far?
Same, and i'm not sure i remember the correct email I had on file with UB.

I emailed the claims admin hoping they can clarify with the limited information I do remember.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:47 PM
Will there be any way to get a spreadsheet of our balances/account activity similar to FTP? I did a withdrawal a few days before BF and then a couple BF panic cash outs that I don't think our indicated in the account balance GCG shows. It's been so long I don't remember it all though (although I do have emails of the cash out requests).
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:48 PM
had quite a bit of money on absolute poker and I didn't get any e-mail, should it take long? I would quite like that money back

I'm canadian for what it's worth
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:55 PM
American here. I received an email, on the website it showed my email address on file for AbsolutePoker, but it showed my username for UltimateBet. The balance reflected my UltimateBet balance at Black Friday. My AbsolutePoker balance was significanly higher and is not shown.
Absolute Poker / Ultimate Bet victim remission Quote
04-10-2017 , 04:56 PM
I didn't get an email. I just went to the site and entered my info.
Absolute Poker / Ultimate Bet victim remission Quote

      
m