The Big Question For Full Tilt's U.S. Players: Will They Get Their Poker Winnings Back? - Page 52 - Poker News

FYP.

US players are not getting cashouts or repayment of the debt FTP owed them. They are going to get compensated for losses due to crime. Not at all the same thing, legally. Might be the same $ amount though.

And no, you wouldn't have your money by now. The DoJ is letting Stars handle FTP's ROW player payments as cashouts, and those haven't been paid yet.

The question is:
What is it about the different legal situations affecting US play and ROW play that led to the DoJ wanting to handle payments to ROW as debt repayment but payments to US as remission to crime victims? After all, ROW players were also victims of the same crime.

ROW players are not getting cashed out. FTP is only restoring our accounts as they were before black friday and we have the choice to conitnue to play or cash out. US players can apply for remission due to their lose by the suspose it crime. I don t know why some US players are whinning about the wait, it has not been that long. I kind of thought DOJ moved rather quickly in out sourcing to another company to handle the remissions

09-18-2012 , 05:37 PM

#1278

Huskermoney00

banned

Join Date: Apr 2011 Posts: 841

Quote:

Originally Posted by DavidNB

ROW players are not getting cashed out. FTP is only restoring our accounts as they were before black friday and we have the choice to conitnue to play or cash out. US players can apply for remission due to their lose by the suspose it crime. I don t know why some US players are whinning about the wait, it has not been that long. I kind of thought DOJ moved rather quickly in out sourcing to another company to handle the remissions

Totally agree with that. What was about 3 weeks(ish) after the deal closed the DOJ wanted to have the application process closed? That seems like they are trying to get this done rather quickly. They coudlve drug it out, and had every tom, dick, and harry company out there applying for this job. But they knew if they kept the timeline short only the companies who would have the accessories to get this done quickly, would apply. Just be patient. We have waited damn near a year and a half.... whats another 6 months. The hard part is over guys.

09-18-2012 , 05:42 PM

#1279

Huskermoney00

banned

Join Date: Apr 2011 Posts: 841

Quote:

Originally Posted by DoTheMath

Stars did not buy FTP. They bought many of its assets.

Stars did not pay the government the balances that FTP owed its players. In the first of (four?) scheduled payments, they paid an amount of money that happened to be bigger than what FTP owed its US players. There is nothing in the Settlement agreement that ties this payment to FTP player balances.

Nothing was in place for Stars to pay US players.

The DoJ aren't trying to find a payment porecessor. They are/were looking for a claims administrator, which is not at all the same thing. They need a claims administrator because they are not paying back player debts; they are paying compensation to victims of crime who petition the government for remission. They need an outside party because, with 1.3M accounts involved, the job is too big for the AFMLS to do it in house.

If they wanted to make the most money, they just wouldn't bother with a remission process. Making remission available is at the discretion of the govenment. They don't have to do it.

The DoJ hasn't paid remission in many illegal gambling cases. You can thank the PPA for their lobbying efforts to give this a high enough profile for remission to be applied.

So what youre saying is, the DOJ is just looking for a 3rd party to verify people and then they will do the cash outs themselves? Horribly confusing statement.

Or are you meaning that the 3rd party they find, will verify the account was truly yours and then cash you out?

09-18-2012 , 06:01 PM

#1280

BustoPro

old hand

Join Date: Apr 2007 Posts: 1,668

Quote:

Originally Posted by Huskermoney00

The third party will:
1.) Accept and process claims for damages
2.) Decide how much to pay each claimant
3.) Send $$$ to each claimant who is eligible

This process MAY be very similar to "cashing out your balance". It may not. We don't know yet.

09-20-2012 , 10:59 AM

#1281

Aruj Reis

old hand

Join Date: Apr 2010 Posts: 1,688

Well somebody has to take up the mailbox stakeout slack from buh, so here I am. No need to thank me.

Got out a little early yesterday, but I saw the truck down the street. I waved and waited patiently for a few minutes, but received nothing related to the DoJ or FTP (or Stars), not even anything from a foreign address.

We finally got our Lands End shipment that was back-ordered for a few days though, so perhaps the general logjam is breaking loose.

I have a pretty good feeling about today.

09-20-2012 , 11:02 AM

#1282

Huskermoney00

banned

Join Date: Apr 2011 Posts: 841

yup, still stupid...... ^^^^

09-20-2012 , 12:00 PM

#1283

Bene Gesserit

Carpal \'Tunnel

Join Date: Jul 2011 Posts: 6,365

Quote:

Originally Posted by joeyrulesall

Wasn't talking to you. Talking to the guy saying im probably owed "a few sheckles" whatever that means.

He was trying to type shekels, Israeli currency! Semi literate DB humor! Hi Joey!

09-20-2012 , 12:57 PM

#1284

potleemit

banned

Join Date: Jun 2012 Posts: 178

Wouldn't it be great if Full Tilt players who are owed money ended up getting their money back..........at.......Christmas.

09-21-2012 , 09:52 AM

#1285

zoomie123

journeyman

Join Date: Aug 2008 Posts: 388

Which year?

09-21-2012 , 10:11 AM

#1286

joeyrulesall

Pooh-Bah

Join Date: Feb 2011 Posts: 3,532

Quote:

Originally Posted by Bene Gesserit

He was trying to type shekels, Israeli currency! Semi literate DB humor! Hi Joey!

09-21-2012 , 10:17 AM

#1287

poorolrich

old hand

Join Date: Jan 2006 Posts: 1,382

Quote:

Originally Posted by potleemit

Wouldn't it be great if Full Tilt players who are owed money ended up getting their money back..........at.......Christmas.

When we get our money back it will be X-mas even if it is in July!!!

09-21-2012 , 03:05 PM

#1288

quit stallin

grinder

Join Date: Sep 2008 Posts: 542

for every week that goes by without any info I'm typing ******ed in this thread in caps starting today

******ED #1

09-21-2012 , 03:08 PM

#1289

LetsGambool

banned

Join Date: Jan 2007 Posts: 26,568

Quote:

Originally Posted by potleemit

Wouldn't it be great if Full Tilt players who are owed money ended up getting their money back..........at.......Christmas.

Id guess before Christmas 2013. If we get it back within 6-12 months from today I'll be pretty happy. Not sure why people thought this was going to go faster.

09-21-2012 , 04:02 PM

#1290

DavidNB

Pooh-Bah

Join Date: Aug 2005 Posts: 4,332

Quote:

Originally Posted by quit stallin

for every week that goes by without any info I'm typing ******ed in this thread in caps starting today

******ED #1

We did receive news today. There is a video showing te FTP PC equipement arriving at their new location

09-21-2012 , 04:26 PM

#1291

quit stallin

grinder

Join Date: Sep 2008 Posts: 542

Quote:

Originally Posted by LetsGambool

Id guess before Christmas 2013. If we get it back within 6-12 months from today I'll be pretty happy. Not sure why people thought this was going to go faster.

they have everyone's acct info and the cash on hand to pay everyone this should take weeks not months

09-21-2012 , 04:27 PM

#1292

quit stallin

grinder

Join Date: Sep 2008 Posts: 542

Quote:

Originally Posted by DavidNB

We did receive news today. There is a video showing te FTP PC equipement arriving at their new location

ooooooooooooooo row info like that really helps

09-21-2012 , 05:18 PM

#1293

LetsGambool

banned

Join Date: Jan 2007 Posts: 26,568

Quote:

Originally Posted by quit stallin

they have everyone's acct info and the cash on hand to pay everyone this should take weeks not months

6 months is very realistic assuming the process goes smoothly and given the way the remission process works. Its already certain the money isnt getting paid out in 2012. Could they do it faster if they had to? Yeah, probably, but they dont have to.

09-21-2012 , 05:40 PM

#1294

coolnout

Carpal \'Tunnel

Join Date: May 2009 Posts: 12,430

Quote:

Originally Posted by potleemit

Wouldn't it be great if Full Tilt players who are owed money ended up getting their money back..........at.......Christmas.

after seeing the operation STARS is running to get FTP back up and running. I really don't understand why we can't get paid within the 90 day timeframe.

http://forumserver.twoplustwo.com/29...e-man-1249319/

09-21-2012 , 05:45 PM

#1295

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Quote:

Originally Posted by coolnout

after seeing the operation STARS is running to get FTP back up and running. I really don't understand why we can't get paid within the 90 day timeframe.

http://forumserver.twoplustwo.com/29...e-man-1249319/

Yeah it's kinda sad PS is going to not only acquire all of FTP, basically, but also hire and train staff, move 30 Tones of equipment, relaunch a poker web site, and pay back all of ROW in 90 days or less... And the DOJ prolly won't even have a payment processor set up in that time frame...

09-23-2012 , 02:37 AM

#1296

hott sweaty

centurion

Join Date: Jun 2012 Posts: 192

Quote:

Originally Posted by DoTheMath

DOJ is USA gov/ not ROW
usa will be paid by us gov
doj collected FINES from poker stars not usa accounts
usa is making dollars from that money everyday
pok stars was lookin at paying a billion dollar fine and got a discount by taking fulltilt and paying out to ROW only 750 million

09-23-2012 , 05:33 AM

#1297

r8sUalln8

old hand

Join Date: Nov 2009 Posts: 1,203

why their winnings?
will they get their losses back?

09-25-2012 , 02:41 PM

#1298

Alex_Striker

grinder

Join Date: Feb 2009 Posts: 403

In other news (since I'm trying to find a distraction about other stupid things that happened last night...****ing NFL), the lady answering at the press office reports that they still don't have a commissioner appointed yet, no ETA, and it will be on their website when it happens.

09-25-2012 , 02:48 PM

#1299

DavidNB

Pooh-Bah

Join Date: Aug 2005 Posts: 4,332

Quote:

Originally Posted by r8sUalln8

why their winnings?
will they get their losses back?

More then likely only the account balance will be paid back, which is their winnings. The deposit thing was just a wording issue. Banks and investment companies sometimes refer to your balance as how much do you have on deposit. Somewhere someone issued a news release using those same terms, aka, players can go thru the remission process to get back what they had on deposit and that freaked everyone out. Also added in the news release was something like, you may have to prove you deposited the money but I think that refered to phanton deposits.

Last edited by DavidNB; 09-25-2012 at 02:59 PM.