Quote:
Originally Posted by tamiller866
The stipulation was that payment be made within 90 days, not that they couldn't pay earlier than 90 days, besides, 90 days would have been October 30.
As usual, you don't bother to let the facts get in the way of your ridiculous suppositions and unsupported opinions.
The settlement stipulation says "The PokerStars Companies, within
ninety days of the Closing Date, shall make available for immediate cash withdrawal, without limitation or restriction other than as required by any applicable law, the online poker account balances of all non-U.S. players of the Full Tilt Group, as of June 29, 2011, which are believed to total approximately $184 million."
Pursuant to the stipulation the
closing date was defined in the following section "The transfer of the Forfeited Full Tilt Assets from the United States to the PokerStars Companies or their designees (the
"Asset Transfer") shall take place
within six business days of the latter of the Court's entry of this Stipulation and Order and the forfeiture of the Full Tilt Assets (the date of the Asset Transfer, the
"Closing Date"), subject to the terms of Paragraph 2."
So, let's look at the actual facts and see how your claim lines up with them. The judge signed the order on July 31, 2012. Six (6) business days from that date would therefore be the closing date, which would be August 8, 2012 and, ta-da, 90 days from that date is today, November 6, 2012.
Quote:
Originally Posted by tamiller866
No, much more likely is that the DOJ requested 'no earlier than election day' - for a reason.
Obviously in hindsight, had FTP opened to repay ROW players in October it wouldn't have had any impact on the election, but that wasn't so obvious when they made the agreement at the end of July.
The stipulation was signed by the Attorneys on July 27, 2012. The trigger for the "closing date" and the 90 day countdown was the Judge's signature. He could have just as easily signed it before the 31st thus making the opening of FTP before 11/6. Unless, it's your claim that the US Judge conspired with the US Attorney for SDNY who conspired with the FTP and PStars attorneys to ensure that the relaunch and non-payment to FTP victims, an event so politically insignificant that candidates and their parties don't even have a published opinion on, "wouldn't have any impact on the election"? Yeah, sounds a little silly to me too!
Did I miss something in the Presidential debates where the hot topic of remissions to online Poker Players was mentioned? Is remissions to FTP US Players a plank in any of the candidates or their respective parties, in ANY election anywhere in the US occurring today? Have you, or anybody else here, even seen a mention of FTP Remissions anywhere in the
mainstream media in the past 30-60 days?
You haven't because FTP remissions is a non-political issue. It is a legal issue and has/is being dealt with through the legal process. It is, for all practical purposes, a done deal, especially to any outsider looking in. Moreover, it is a non-event for most of the US and the ROW. Who in the US aside, from impacted players (and the PPA), even cares when the players get their money back? I'll answer that, NOBODY! I doubt you could find a truly sympathetic (non-poker player) ear to bend on the subject. US Players are going to get their money back. How bad can that really be? It was, for the longest time, in theory at least, "lost money". Getting it back, for me, is like finding money in the street. The key, and what seems to be so easily ignored here by so many, is the the money is coming back.
Quote:
Originally Posted by tamiller866
For all they knew, the PPA and it's '1.2M' members might have ran screaming to the media demanding equal treatment and the whole issue of repaying balances could have blown up, that never happened, but since it could have, requesting FTP wait until Nov. 6 makes sense.
You can muster all the righteous indignation you want, but your "screaming to the media demanding equal treatment" can only fall on deaf ears. The media does not care. The politicians do not care. To an outsider I am sure it would appear US FTP victims are being both unreasonable and ungrateful. The DOJ managed to recover our money and are going to give it back. Those are the facts. Who will feel sorry for us because we have to wait just like every single other victim in every single other remissions case? Equal treatment? US FTP victims are being treated EXACTLY the same by the DOJ as US victims in other cases. It is lost on me why so many here feel they should be treated any differently than the Madoff victims, or the Xybernaut victims or any of the victims in the hundreds of other cases where money has been recovered by the DOJ and returned to the victims via remissions.
The process may suck. It get it. I even agree. But, it is the process available to the DOJ to give us back our money. We are stuck with it, as is the DOJ. Again though, there is good news. This process, albeit painfully slow, does ultimately work and our money will eventually find it's way to us.
Last edited by 1938ford; 11-06-2012 at 06:13 PM.