PpP

Low 5 figures, Sorry if that doesnt limit me from 1st level thinking & believing what the US government wants me to think "Scott Tom & Phil Hellmuth stole my money imma bash em" It's like a Jedi mind trick. Wave the hand* This BILLION dollars has nothing what so eveer to do with your money, that money was taken from fraudulent activity (from payment processors) not the sites accounts so we took it to protect you. Hell the DOJ is so frickin shady they can't even press fraud charges yet

You all have entire states going bankrupt & 1 billion is 3% of the DOJ budget but never the less it was more about de-stabalizing the online industry prior to US owned heavily taxed sites to begin entering the market.

Laugh at me all u want, but does anyone other than the FBI & DOJ think Pokerstars is a fraudulent company???? They've ACTUALLY been charged with more than any other site

http://www.gambling911.com/gambling-...al-122908.html This moron says its happened a 100 times and its no big deal HAHAAHAHAHHAAHHAHAHAHA I know its 2008 but this to me is a clear indication he didn't give a rats ass what was happening behind the scenes (and probally knew what was happening) just as long as he got a paycheck every week/month......... The ********** is tweeting he's in the owners box at nba games meeting this 1 and that 1 and its just sickening really.. Im with UB/APVICTIM someone needs to punch him in his face and knock some reality into his narrow mind.

Hi,what's your name today?

Totally different points stlboy05 is on the page of FT/Cereus didnt have money to pay players, im on the page of they had no money to pay us AFTER the DOJ seized & received fines/deals to the tune of 1 billion dollars from online poker sites & payment processors

Can u actually say out loud the DOJ has 1 billion $ of online poker players & online site owners & payment processors money?

Just noticed this little Gem from u sir, can't u put pressure on the DOJ by showing this was the players money. The fact x amount was taken from 'payment processors' & zero amount as far as we know was taken from secret Swiss bank accounts.

This surely shows that indeed this was where the sites had the money ready to 'process payment' to players indicating it was our money seems really simple to me.

(Not simple actually dealing with the DOJ but simple that any1 with half a brain should be able to see it was the players money)

I've donated atleast twice to the PPA & i'm not American. Im of the understanding the PPA is global not all about protecting the just the US players???

If so how about talking to them about re-imbursing non-US players from funds seized from 'payment processors' that common sense says is mine & other ROW players (a lot of that money was seized from a European company, who possibly wasnt even processing US payments) as they took our money yet we had nothing to do with breaking the UIEGA

I think its pretty clear to everyone what page your on. My question was to The Engineer a few days ago,not you but thanks for offering your opinion..or should I say the real facts only 10% are smart enough to understand. In case you missed it, I never said the DOJ didn't steal from us, I just want Cereus charged with fraud/operating a ponzi scheme so we can file claims on any remaining assets/funds available. Correct me if my numbers are off but wasn't 8m seized on BF from Cereus and they had 60m in account balances? Where did the rest go? Maybe you know more and the media has once again lied to us and the DOJ has all balances in full?
You seem very much in the know,what can we do about this? Go toe-to-toe with the DOJ or just make everyone here aware of them?

I have pretty much stayed out of this thread because I am in no way an expert on Cereus, but since so many ppl have called or written to me about doing something, I just wanted to say that people really are working on this. None of us have forgotten about players that UB/AP kept money from. Legally there are only so many ways that any reimbursement could happen (and I mean really limited ways), and it takes a lot of time. I will say that I can try to keep you informed, but it wont be today or tomorrow or next week that we know anything. Hopefully in the next couple of months there might be something to tell. (please dont shoot the messenger).

I think it's still fine to call SDNY or write, as many have done. If you get thru, just be precise and respectful.

For those that keep saying that players deserve to be reunited with their funds, I do agree, but as was explained so many times after Black Friday, players have no standing to make any claim. None. If that was even an option, we would have jumped all over it in that 60 day period after the forfeiture notices were published. IIRC, PPA put out a newsletter back in 2011 explaining the basis of legal standing and why we don't qualify.

That said, there could be another way but again, any news about it having even a chance is still not today.

All I can say is that it's a delicate situation and on behalf of everyone of us working on it, I just ask to please be patient a little longer.

Thanks for working on it. We appreciate any and all help.

+1

They owed $60m worth of account balances. They did not have $60m worth of account balances.


I believe the rest of the player funds went towards paying off cheated players under previous owners. For whatever reason, they decided to use current player funds to do this instead of recovering the stolen funds from prior owners. Doing this created an enormous gap between cash on hand and player liabilities. The company continued to produce profits after doing this, so its not clear why this gap was never filled, I believe EG credited this to a dwindling player base, but imo it was still large enough to produce enough profits to fill this void.


Perhaps they just decided to keep enough in processor accounts to handle average weekly withdraws, knowing the average amount of deposits they receive each week. This would seem logical if you feared a huge shutdown in the future or some sort of event causing you to owe people large amounts of money (prepare to cut and run with as much money as possible by hiding unused player funds offshore). It would also coincide with how they handled the deposits they received post-black friday (half staying in processor accounts to trickle out $500 withdraws, half going to owners European bank accounts)

Thank you Diamond. I am one of the many who contacted you asking for help and am happy to hear that you are fighting for us!

I have tried contacting the SDNY with no luck but will continue to do so when I have time.

(212) 637-2600 Call this number and ask about ur ABSOLUTE POKER/ULTIMATE BET funds you have to specify this because its only been 3 yrs now and most within the DOJ dont know the difference between FULL TILTS case and OURS..... CALL CALL CALL CALL CALL CALL CALL LETS GET RICH OR WHOEVER TO AT LEAST GET THE DOJ 2 GIVE US A STATEMENT REGARDING OUR FUNDS

[QUOTE=stlboy05;42635842]I think its pretty clear to everyone what page your on. My question was to The Engineer a few days ago,not you but thanks for offering your opinion..or should I say the real facts only 10% are smart enough to understand. In case you missed it, I never said the DOJ didn't steal from us, I just want Cereus charged with fraud/operating a ponzi scheme so we can file claims on any remaining assets/funds available. Correct me if my numbers are off but wasn't 8m seized on BF from Cereus and they had 60m in account balances? Where did the rest go? Maybe you know more and the media has once again lied to us and the DOJ has all balances in full?
You seem very much in the know,what can we do about this? Go toe-to-toe with the DOJ or just make everyone here aware of them?[/QUOTE

Somebody 'accused' us of being the same person was just pointing out that clearly we're not as u have also done.

U can believe only 8 million was seized from them. But never the less the DOJ seized close to 400 million between FT, UB & PAYMENT PROCESSORS (+500 mill from Stars). Divide that how u want! hey maybe I should be wearing a tin foil cap but that's ironically very close to the player balances of FT & Cereus.............

Getting the DOJ to own up to admitting that the payment processor money is players money would put them in a spot where they should feel obligated to return it to players

Diamond_Flush - really appreciate your input here.
I'm sure we are all crossing our fingers in hope for a full refund.

*such a bummer that the other sites got a full refund and we are **** outta luck!*

Thanks Diamond. Your work is much appreciated!

Thanks DF, much appreciated

Thanks a lot Diamond, I don't have high expectations but it's nice to know there's people working on it on all of our behalves.

I know everyone is upset over the issue guys, we all had money stolen off us but derailing the thread and arguing between ourselves doesn't help us get it back, it just makes it harder for us to find the useful information or provide useful input. It also just chases people away who can't put up with it anymore.

If someone comes in to blatantly troll us, saying you deserved it etc. just ignore them.

Thanks again Diamond and everyone putting effort in to help the players here.

Thank you Diamond Flush!

You should help with the poker daily action plan if you get a chance, as we were pounding PA state Rep. Mario Scavello and another lawmaker who were trying to do that in their state, as SBA mentioned: PA lawmaker wants to penalize illegal online gaming. Sheldon Adelson's group praised the move.

WA has a law making playing a felony. No player has ever been charged, but efforts to repeal it have not succeeded.

Many bills are being introduced to license online poker at the state level that include player penalties. One CA bill sought to jail and/or fine players AND seize their bankrolls as a civil forfeiture, contending that such players were stealing from CA by playing on sites that didn't pay the CA tax.

Finally, we've heard from lawmakers who say they'd back a poker bill, but it had to preclude the DoJ helping players on unlicensed sites. These were positions that were never included in any bill, but it's out there.

PPA has pushed back on these, but it really is the natural inclination of lawmakers to come up with this kind of stuff.

Rich can we discuss Cereus specifically (pun intended) before we worry bout anything else poker related? Thx

The only online poker moving forward that will be legal to play in America is sites that the government gets tax from.

That was the point of UIEGA, Black Friday, The smaller seizures, the "we need a regulated industry", the Ponzi accusations, the see look those sites didnt have your money we took it all from their payment processors. Why bother even fighting that, get your money off sites committing fraud by offering games to you & wait for your state to allow a heavily taxed version.

Why else would the DOJ/FBI charge Pokerstars with fraud (a company that's proven itself over & over to be an outstanding company in so many ways) other than to take a chunk of money off them & damage the reputation of online sites not paying tax to the USA. & the same with FT & Cereus

You all will never legally play on a site that doesnt pay US tax $ again. Waste of time & money even trying to fight that

Really appreciate this. Thanks DF

Hey DoTheMath,

You're a ****ing clown.

All you do is constantly type out long loads of bull**** banter. NO ONE here gives a **** what you think, especially when it's typed out via an annoyingly long-winded novel.

Just shut up and go away - go far far away and PLEASE, NEVER COME BACK.

Signed,

Everyone on 2p2

Keep up the fight, hopefully we can get our money back one day, it took FTP over 3 years, and it is still not over, there are a lot of fights going on as Rich mentioned with Adelson, so we haven't been forgotten, there just are a limited amount of resources to fight everything we want.