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Absolute Poker / Ultimate Bet victim remission Absolute Poker / Ultimate Bet victim remission

10-17-2017 , 02:46 PM
Quote:
Originally Posted by Spraggs
Got my Cheque today (UK) any other Europeans got theirs yet?

Thoughts on exchange rate?
Confirmed received the cheque today (now just wait for it to clear).

Still not sure I can believe this has happened.
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10-17-2017 , 05:19 PM
Hoping Canadians start getting their checks soon, going on a trip next week, would be nice to have some extra dough before I leave!
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10-17-2017 , 09:21 PM
Still waiting in Australia, maybe they saw that I wanted to do something dumb with the money and are trying to save me. I want that jetski dammit
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10-17-2017 , 10:44 PM
My latest correspondence from them today -

"I wanted to let you know the checks for the 2 approved Petitions were mailed on 10/13/17."

ROW player (Australia).
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10-17-2017 , 11:50 PM
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10-18-2017 , 01:48 AM
Quote:
Originally Posted by TheHip41
It’s not 100% income. You may have paid taxes on some of that income in prior years. Some of that is return of investment (if you were like me you got lots of reload bonuses during the party poker days)

definitely get in front of this though. Your final return won’t be due until sep of 2018 if you extend, butnits good to plan now

If you are going to have an extra 50,000 of taxable income,
Might be a good time to sell some stocks at a loss or other things of that nature.
All good points.

What I'm trying to say is that there is a big difference between people who reported their bankroll on their tax return up to and including apr 15, 2011 and those who didn't consider their bankroll "real money" till it hit their bank account. There's a lot of those in the second category. That's not bad as they had accountants that told them that and sometimes I wish I didn't have such a paranoid acct as my taxes were always higher than other pros every year.

I won't pay taxes on my refund because I already paid so I don't have to pay twice. Look at your 2011 return to find out which category you are in.

But I hope no one has to pay taxes on this crap. How bout the people with 6 figures?? Well if their money wasn't held hostage for almost 7 years they could have conservatively invested it in index/mutual funds and easily nearly doubled it.

How do you recoup that?

The bottom line is even if you got 10 bucks you are a victim and should do everything you can to minimize your tax liability and hopefully pay nothing.

I'm glad we will ultimately wrap up this chapter of the poker boom but I wish the ball was never taken from us and kicked over the fence.

I'm happy to be a part of the poker boom and my years as a pro were some of the happiest of my life. There is still money to be made in online poker, even in the USofA. But the poker of my youth & memories, best I can tell, is over.
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10-18-2017 , 06:40 AM
Quote:
Originally Posted by Mike Haven
UK player here:

Two e-mails received, re AP and UB:

"Payment[s] will be issued within the next two to three weeks."

(Aug 18)
Received one cheque yesterday, in pounds sterling.

Thanks to all who made this possible.
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10-18-2017 , 10:57 AM
Canadian here, got my cheque this morning, weeeee!!!
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10-18-2017 , 12:03 PM
received also my 1st today.
Issued 29th September exchangerate ~1.19 $ to €.
Unfortunately that is close to the peak high from the last month.
Compared to april 2011 (Where it was i about ~1.44 $ to €) the European players "gained" 25 Cent / dollar.
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10-18-2017 , 12:40 PM


if only i had bought $3 in BTC on the date they went down!
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10-18-2017 , 01:06 PM
Quote:
Originally Posted by jdAA88
Canadian here, got my cheque this morning, weeeee!!!

Where are you from in Canada ?
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10-18-2017 , 01:08 PM
received my 1st cheque today.
Payable at CITIBANK EUROPE PLC FRANCE BRANCH.
Never cashed a cheque in my life. Anyone know if I can just go to any CITIBANK branch and get cash?
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10-18-2017 , 01:11 PM
Quote:
Originally Posted by OMGMileyCyrus
Where are you from in Canada ?
Toronto
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10-19-2017 , 06:39 PM
Quote:
Originally Posted by xaxa
received also my 1st today.
Issued 29th September exchangerate ~1.19 $ to €.
Unfortunately that is close to the peak high from the last month.
Compared to april 2011 (Where it was i about ~1.44 $ to €) the European players "gained" 25 Cent / dollar.
Very good point. Was it really THAT long ago
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10-19-2017 , 06:42 PM
UK based, just received my cheque, thanks for making this possible!
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10-19-2017 , 09:25 PM
Dutch, check is on the way to the bank, never thought to actually see this day.

Can someone please do the same for cake poker?
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10-20-2017 , 10:47 AM
Ship it.
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10-20-2017 , 11:54 AM
Quote:
Originally Posted by OMGMileyCyrus
Ship it.
congratz! long sweat.

Update on http://www.absolutepokerclaims.com/

Quote:

IMPORTANT NOTICE REGARDING PAYMENTS

GCG has been informed that the Money Laundering and Asset Recovery Section of the Department of Justice (MLARS) has approved a second round of payments to Petitioners who confirmed their Absolute Poker / Ultimate Bet account balances prior to the September 7, 2017 filing deadline. The distribution will include payments to approximately 4,600 Petitioners with awards totaling approximately $3.7 million.

Payments will be made via electronic ACH to Petitioners residing in the United States and via foreign currency check to Petitioners residing outside of the United States. In cases where a foreign currency check cannot be issued, the payment will be made via USD check or foreign currency wire depending on the Petitioners country of residence.

Within the next few weeks, GCG will be sending an email notice to all approved Petitioners that contains the amount and method of their payment. For Petitioners scheduled to receive their payment via electronic ACH or foreign currency wire, the email notice will also include instructions for submitting the required banking information needed for payment.

GCG will also be sending an email notice to certain Petitioners who were approved for payment and were identified as having 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. To receive the balance of their payment, Petitioners must provide GCG with the information required to complete a Unified Financial Management System Vendor Request Form. Instructions on how to provide this information will be included in the email notice.

Specific questions regarding outstanding debts and offset amounts cannot be addressed by the Department of Justice or GCG. To obtain information on your individual debt, you must contact the Treasury Offset Program at (800) 304-3107 or visit https://fiscal.treasury.gov/fsservic...p/debt_top.htm for additional information.

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

Updated 10/19/17
thanks again to Rich, the PPA, Scott Bell and whoever else made this possible
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10-20-2017 , 12:06 PM
Quote:
Originally Posted by xaxa
congratz! Long sweat
Ty sir ya it was and they said I was fool for buying up so much ub money !
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10-20-2017 , 05:36 PM
Quote:
Originally Posted by OMGMileyCyrus
Ty sir ya it was and they said I was fool for buying up so much ub money !
How much did you buy up?
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10-20-2017 , 06:04 PM
Quote:
Originally Posted by OMGMileyCyrus
Ty sir ya it was and they said I was fool for buying up so much ub money !
you got very lucky
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10-20-2017 , 06:08 PM
Quote:
Originally Posted by GuiGui_88
you got very lucky
I can guarantee not as lucky as you.
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10-21-2017 , 06:04 AM
still haven't received any contact from them at all since filed claim anyone else the same?
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10-21-2017 , 06:40 AM
Quote:
Originally Posted by xxCelticFCxx
still haven't received any contact from them at all since filed claim anyone else the same?
yep, same. located in the uk.
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10-21-2017 , 02:30 PM
Quote:
Originally Posted by xxCelticFCxx
still haven't received any contact from them at all since filed claim anyone else the same?
same ;(
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