Aren't most student loans zero interest until you leave college?

It may be pointless and or worthless to point out again that from what I can see the DOJ is, at least so far, handling this case just like they do every other remissions case. I know this is not the answer everybody is looking for, but it is seemingly the reality of the matter, at least for the time being. I know the speculation has been endless about how the "differences" in this case will make it faster, easier, etc. Maybe they ultimately will. But for now, the DOJ has acted on this case just as they have all other cases I can find to look at.

Right now, I just don't think they have anything to add to what we already know and that is they are seeking a claims processor. That is the next step in the process. In all the remissions cases that I can find any "pre-remissions" info on I have yet to see a single "update" (aside from the initial press releases announcing the settlement or forfeiture or both) from the DOJ relating to any status or progress UNTIL the DOJ and/or the processor send out the first remission letters to potential petitioners. Now, from what I can see from other cases that could happen in a month or two, or (God help us) a year or two. That is just how wide the range of activity has been in other cases. I suspect (actually I hope, more than I suspect) this case will be closer to the 4-6 month range. But, this is complete speculation on my part based solely on the info available to me from other remissions cases I have read. Somebody else here could read the exact same cases and come to a completely different conclusion. So, I recommend people here read them for yourself and decide for yourself what to think about the situation.

The DOJ obviously do not feel the same sense of urgency the FTP victims (or any other fraud victim from any other case) do. But, to suggest that there is something we can do to speed up the process seems unfruitful. I doubt the PPA can have much, if any, effect on the process and that is in no way meant to cast any aspersions on the PPA or their efforts on behalf of US Poker Players. I applaud them for all they do. They are our voice on Capital Hill, and we need them and they need our support.

My comment has everything to do with the DOJ and their process for handling remissions and the history they have consistently displayed during the process. As far as the ability to put pressure on the DOJ please consider some of the very high profile cases the DOJ has handled have included as victims the largest banks in the country, huge foreign banks, the largest hedge funds in the US, major political figures, major Hollywood players and some of the richest and most influential people in the US. They all had to wait for the process. Some are still waiting. As are we......sigh

Thank you. I appreciate that.

I definitely understand this situation. I was playing full time for a living when Black Friday came down and have had around five figures locked up since.

It's not pointless but I disagree with your premise.

I will argue that they should and can make any type of statement regarding where they are and what they are planning in the near future. We don't need 'FTP silence' coming from the AFMLS/USAO too. It literally takes 15 minutes to put together, approve and release. It's not hard.

They don't have a 3rd party? Fine, tell us. They aren't close to having a 3rd party? Fine, tell us that. They won't have a 3rd party signed and ready to take applications in 6 months? Cool, let us know...

Point is absolute silence is absolutely ******ed.


Good points and while I appreciate the thoughts, the AFMLS/USAO can still give us a quick update. Literally, 15 minutes to make a statement, especially considering they have 9 figures of our money sitting around in their hands, does not seem unreasonable.


I agree. PPA does not have the muscle to change any sort of speed this will take. The PPA might have enough clout to at least get us an update. That request is not unreasonable.

I will put the disclaimer up front: Please forgive me, it is the insomnia talking.

15 minutes for the gov to make a statement? First they have to decide that we are so special that they will take our feelings into consideration and make a statement before the process is set up even though they have never done that for any other group. That decision would take a certain amount of time. Then they would have to draft a statement and have it approved and lawyered which would take a bit more time. During this time things might have changed so they have to check and make sure it is still accurate and any changes in the statement now have to be approved and lawyered and signed off on. Many weeks have now passed and maybe the process of setting up the remissions has been completed and they can now disregard the 15 minute statement and instead tell us what's up.

Oh wait I was wrong, I found a statement.

Your funds are safe and secure. Rest assured that the DOJ is doing everything it can to complete the remissions process in a timely manner. You will hear more in the coming weeks. We take our responsibility very seriously and want to make sure that things are done properly and that you receive the full amount due you. We understand that you are looking forward to receiving compensation and thank you for your patience.
Signed, of the people by the people for the people

There is enough info in this thread to have a good idea of when we will most likely receive our money.

Yes it sucks. My gf asked again today what was happening and I told her. She now has a patented response which consists of a roll of her eyes, a sigh and a slight shake of her head. It actually very cute.

Very short take. This is just another small deal to the DOJ. It will get done when they get around to it. They feel no pressure to make it quick or give updates, so they won't! There is very little you can do but complain. Vent if it makes you feel better. Despite all the BS we are helpless to make these "suits" do anything "till when they are ready"!

I am a ROW player and really hope you all will get payed back in full. For me personally it's disgusting to see how much money the DOJ pulled out of the community and now fails to pay back US players faster than Pokerstars. It's embarrasing that a gambling site, which they sued for millions of dollars, is able to handle this situation better, faster and with more responsibility than your ridiculous government.

I think you will all get your money soon, but they could have at least tried to look better than a pokersite handling this situation.

yikes there are so many pages to get through. i couldnt find the answer to this in a cursory search. are there cliffnotes on the remission process? has the application process started? when can i ask the DOJ for my money? thanks for answers to any of these

Yep, needless to say if we don't get balances, or don't get them within a reasonable amount of time (6 months after FTP reopens is beyond reasonable), then I think it's time to take the J out of DOJ. At that point if I haven't lined up a date with your avatar, I may just say curtains to it all.

no, no, we have no idea, and your welcome.

Thanks Skall.

I get really annoyed when I read this though. First we don't know 100% we're getting out money, and second, there's an opportunity cost of money of coming up on 2 years of time that's been stolen from us. Even if we get it all back at some point we've still been victimized.

When you learn the difference between you're and your, the words that follow may begin to seem meaningful.

You should not get annoyed, you're getting your money back and it should be all of it. It will take more time then ROW so don't let that bother you, they are a diffferent case. It would not be fair to compare the time frames.

You're 100% correct

Why the **** shouldn't we be bothered? Some people have life changing money tied up and it is understandably upsetting to have it in limbo for almost 2 years and the people in charge of it refusing to communicate with us in any meaningful way.

Some people keep acting like the DOJ are doing us a favor in all this, and while yes, I am thankful to be getting any money considering what HL/Bitar did, I'm not gonna be sending the DOJ a basket of cookies any time soon. It would take 15 minutes to issue a non legally-binding update that would cause absolutely no harm and do lots of good. I guarantee you someone at the DOJ has the ability to do that and isn't for whatever reason.

They haven't even officially said they are paying out balances yet FFS.

+1

+2

I need my money back to put food on the table for my family...

I can understand your concerns and perhaps I should reword it. It's out of your hands now untill the remission process starts. You should rest assured that atleast some money is coming back, I think it will all come back.

IMO opinion, the deposit vs balance issue was over blown. Many places sometimes refer to balances as " on deposit".

I'm not trying to defend DOJ, but I would imagine they have not said anything because there is nothing new to report. Once the selected company for handling the remissions is ready, It would be announced.

DOJ did issue a news release back in July 31st saying they would post details in the coming weeks and its safe to safe we have passed the time frame of coming weeks. Maybe it is time they atleast gave a estimate of when the remissions would start

Yes, it literally takes 15 minutes to draft a statement, forward it to approving parties, sign off and release it WITH lawyers/PR either in the room or on the online review. It doesn't have to be long. The bolded statement is a prime example of something they can put together in literally 15 minutes letting us know that it is coming within a month/2 months/ etc.

Nobody has a clue if they have an approved remissions process or are close to nailing a 3rd party. Being in the dark about all of it is ridiculous. Thinking that anyone holding 9 figures of money belonging to others without meaningful updates is just 'normal' is out of their mind.

Wait, you are the one that has a source in the DOJ so why don't you find out for everyone. Probably will be the 'third week of Nov.' , huh???

I have not heard anything yet, if I did, I would post it. huh

US player's arent going to see there money anytime soon.... The FBI are trying to regain all the funds.. GL on them tracking down all that money over seas... They should just pay us from all the drug money in florida....

Also this isnt a priority for the FBI... Im sure this is probably in the way at the bottom... They are probably worried about more people stealing music and movies and sharing them online.

You never had a source, all you've done since you arrived here is make speculations based on what everyone already thought was going to happen and what they wanted to happen. Now you just regurgitate the things we already know. Where's your "inside source" ??

A+ trolling, A++ for going back and correcting a spelling error rather than the error that is this entire post.