I stopped reading right there. Thanks for the compliment

uninformed AND ignorant. I am done trying to educate the hopelessly stupid. GG UB Take the maney and run

hehe, this joke-boy, troll, probably afraid he will have to come back and work at the McDonald's. I guess it's funnier to earn $10 a hout sitting in front of the computer than earn $10 a hour flipping burgers.

This is the only argument which approaches sense. That said, you shouldn't complain if your money goes poof when Cereus decides it cannot service your account. It's like taking payday loans, you know the downside when you sign the voucher.

btw, PokerStars didn't "ban" you. They simply chose to follow the letter of US law, something Cereus has never done.

The problem is that no one got their money from UB/AP lately. I am UE player so officially deposits/payouts should work for me. I know several people that play there too and they didn't get their money too. We requested it via moneybookers so It isn't really any problem to send the money if they acctually have eneough to cover transactions. I checked the hole thread "cashout for non-us players" and I haven't seen anyone who would play on Cereus and got his money. So yeah I am worried and I am not micro stakes donk. It just doesn't look good.

troll seems very intelligent

Also, for those that think Cereus would never willingly walk out on a large ($100M) financial obligation, you might want to do some research.

Yeah, it is a valid point. But I cahed out large amounts constantly to an e-wallet, during the last 2 years, and it always took about 48 hours to approve. But they were always very accurate and helpful in regards to the cashout I requested. So maybe they are working on a little different standards and timeframes than FTP/PS.

I would still give them the benefit of a doubt, cause it hasn't been 48 since the news and it is weekend. I wouldn't start panicking until the end of tomorrw, then I am sure we will know much better what is going on. But if until the end of tomorrow no one gets any money then we should be very worried.

I myself have a pending payout since yesterday, but I'm gonna be very relaxed until tomorrow evening.

wow , i made a check pay out on the exact day! on 3-20-11, and same thing happened to me. they delayed so long, and after i told them i havent received the check for so long, they canceled the check and sent me an express check, and told me i would get the check the latest on monday, i am not sure if i could get it now. the 25 dollar was also given to me by compensate.

so i have 250k points.. spend it ?

Just cashed out from UB (I'm in the UK) and everything seems to be in order so far. I got a message saying the cashout will be processed within 48 hours, which seems standard.

I presume that they would have declined the cashout if there was likely to be any problems.

Nice job to all the trolls in this thread quibbling with each other. I suppose it would make you happy to get this thread locked, but being that there are few options for American players at the present time, can we at least try to keep the discussion focused and civil? Yes, everyone knows Cereus is shady. There are many other threads in which to discuss this. As for the issue at hand:

I last played on Absolute Poker about 6 weeks ago, and haven't logged on since. From what I've heard, Americans can play on AP/UB, they just can't deposit, transfer, or withdraw at present. Some of us already have money on the site and would just like to play some poker with an outside chance of being able to cash out at a later date (I mean, after all, if the money is lost, it's lost -- it won't matter whether I've built up a fat roll or wasted it, right?).

My problem is I'm getting this message when I click on the client.



Anyone else getting this message? For what it's worth I'm on a Macintosh, and I've never had any problems opening the client before.

just tried logging on, it works fine for me. I'm on a windows based computer

yeah all macs get that, works fine for pc though

I get that too, i'm on a Mac also. Tried searching internet to download software. Nowhere to be found. I only have a few cents in there to play with
so not a problem, however i'd be worried if i had thousands of $.

Thanks for the response, guys. My problem also might be that I downloaded the client originally from .com, which now shows the FBI seizure message. When I visit .net, the site is still up. I'll try an un-/re-install from the .net site and update for anyone else who might also have this problem.

Edit: It appears that .net caters only to Windows users. I clicked on the "Download Now" button, received a file about 400kb, but got no pop-up. I went to my downloads folder and found nothing. Also, on the .net site FAQ they don't list any Mac OS under the System Requirements section. So basically FML.

But, Cereusly folks,

Has anybody thought about why Cereus is continuing to allow US players to play while PS and FT are not?

I have no way of knowing for sure what the real reason is, but a couple of things come to mind.

As suggested earlier in this thread, Cereus is going to have a harder time going with the "We are not an illegal site, therefore our money transfers are not money laundering and our tricking the banks is not bank fraud" defence that the other two sites will use. They will probably have to fall back on a "we are not subject to US law" defence.

All the sites say that players' money is safe. Of course they are going to say that. Why should anybody believe any of the sites? In the case of PS and FT, there is the fact that the jurisdictions in which they are licensed require that player funds be kept segregated. I have no idea how Alderney and IoM enforce licensing requirements, but I have yet to hear any serious allegations that PS or FT have ever been in breech of licensing requirments. It seems quite likely to me that PS and FT really do have players' funds in segregated accounts. Whether or not the DOJ brings PS and FT down, their players will get most or all of their money back. Under their licensing terms, AP and UB, AFAICT, merely are required to pay the players. And AP and UB both have a history of non-compliance with licensing requirements. AP/UB also have a history of cash flow problems, PS and FT do not. The legal claim that Tokwiro filed against Excapsa, and the subsequent settlement, strongly suggest that Cereus does not keep player funds in segregated accounts and does not have enough funds on hand to cover player accounts. Finally, a much larger portion of Cereus' players are in the US.

I would suggest that all of this adds up to Cereus needing the rake from US players just to stay afloat. The more it can rake the less it will have to pay out, and the more money it will have to pay out with. If they shut out US players, not only would they not have money to cash them out, they wouldn't generate enough rake to pay their staff.

So you think that allowing you to play while not allowing you to move funds is doing you a favor, while giving the DOJ the finger? No, it's just allowing them to grab a bit more of the pie before they go down.

GG Cereus players!

I know they are just saying this to make us feel good but ill post it anyways:



Payouts: Thank you for contacting payments department, my name is James. How may I help you?
ME: Just wondering if there is a time frame on when US players will be able to cash out
ME: also is there a time frame on the statement u will be releasing
Payouts: Sorry about that
Payouts: We are doing every effort to have this issue resolved as soon as possible
ME: Im guessing theres a chance we wont get paid for a while or wont get paid at all though
Payouts: We do not know anything about an official statement yet
ME: alright.. i understand it isnt you but kind of sad it takes you guys so long for a statement when pokerstars and full tilt came out with one same day
ME: i feel like im never going to see my money with you guys, wish i had my money on pokerstars at this point
Payouts: Rest assured that your funds are safe with us.
ME: i understand they are safe in my account, my worry is i might not be able to cash out lol
Payouts: You will Mr.Stidham
ME: i hope your right, thanks for your time
ME: like i said i know its not your fault, just frustrated with the whole situation
ME: need to vent to someone haha

Having been through microgaming ordeal...and realizing importance of player balances being held in a separate trust account I inquired UB about this awhile back and they sent me this email. Don't know if it holds any weight but here it is.


Hello XXXX,

I hope you are doing great!

You can be assured that your funds are completely safe and secure and held separately in a leading European financial institution. Any time you make a deposit, your funds are held specifically for you and are never mixed with operational funds. Regardless of any developments, your money is safe and accessible at any time. However, we would like to remind you to keep the secrecy and security of your password and other personal or financial information.

Your money is always safe in your UB account. UB uses different processors and a variety of methods for our customers to withdraw their winnings. You will always have access to your funds whenever you are ready to cash out.

If you have any questions, our VIP representatives are always more than happy to assist you. Kindly contact our VIP Team via Live Chat or you may also send us an email vip@ub.com.

Best Regards,

Bill


VIP Host
UB.Com

We’re paying you to show up in Vegas. Get paid at least $1k when you join UB’s poker revolution at the WSOP. Find out more http://www.ub.com/wsop

Unfortunately I more or less to a similar conclusion yesterday...

fwiw, as of today it really doesn't look good.

On Friday my WU payout request was 'authorized' around 930pm. Phone support both on Friday and Yesterday assured me that I will see my $$$ within 48-72 hours.

Today, both live chat and phone support basically said that all of the $$$ transactions are frozen and that my payout will not be processed anytime soon (they have no time-frame) and most likely will be returned into my poker account (that's only from phone support).

are the people that were are always bashing stars and tilt on ub today???????

Of the seized AP accounts, they break down like this
Malta 2
England 1
Switzerland 1
Ireland 9
Luxemburg 1
Denmark 1
Panama 1

Not sure if Malta is considered Europe but all the rest are with the exception of Panama. And that is just the site accounts, there are seized processor accounts as well.

where you got this information from ?

What do you mean by AP? Aren`t those Irish accounts surely connected with the 2 of the 11 indicted who are based in Ireland? Irish bank account make no sense for AP when theres Malta and Switzerland to avail of in europe

Civil Complaint - The Absolute Accounts begin on page 72

It does appear there may be some confusion with the indictment/civil complaint since I do agree the Pocket Kings entries could possibly be aligned with Full Tilt and are listed under AP in the Civil Complaint. This is not certain as Ray Bitar is listed separately on several Irish accounts. Right now Pocket Kings Ltd. and Pocket Kings Consulting Ltd. are probably open questions though they have a connection to Full Tilt.

If those are removed from AP, then subtract the Ireland, Denmark and Luxemburg accounts. That leaves England, Switzerland and Malta