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Old 10-29-2011, 12:02 PM   #76
Tempest122
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Re: Cereus Plans to Liquidate Assets, Repay Players

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Originally Posted by beach bum View Post
I also do not know about the propriety of the government seizing funds before players get paid back. Remember, we were not doing anything illegal by playing on the sites or having our money on there. So seizing player funds would seem to me to be an unlawful seizure of our property by the government.
I agree with this but I don't think it matters much in this case. As online gamblers we're ranked slightly above the guy dealing crack on the school playground. I really doubt the DOJ is going to be doing us any favors on this one. I want this to work as much as anyone but the way past government seizures and online poker site liquidations have gone it's not looking good for us.
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Old 10-29-2011, 12:31 PM   #77
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Re: Cereus Plans to Liquidate Assets, Repay Players

fwiw the indian owners have way enough to repay players
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Old 10-29-2011, 12:39 PM   #78
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Re: Cereus Plans to Liquidate Assets, Repay Players

Uhhhh why am I a full tilt player???? Congrats cereus players
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Old 10-29-2011, 01:09 PM   #79
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Re: Cereus Plans to Liquidate Assets, Repay Players

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Originally Posted by teddyFBI View Post
Nowhere in the article does it say anything about the DOJ being part of any negotiations. Cereus just says they've submitted a plan to repay players to the DOJ...sounds to me like a classic ploy to shift the blame to DOJ...expect a Cereus press release in the future that says "sry, we submitted a plan to have you players repaid but the DOJ wouldn't get on board, too bad so sad gg."
At least there's finally some realism here...
The ONLY way Customers get seized money is via "remission"...
AFTER "successful conclusion of litigation".

Southern District Press Release (Oct 2011)

http://www.justice.gov/usao/nys/pokerstars.html

28 C.F.R. PART 9
REGULATIONS GOVERNING THE REMISSION OR MITIGATION OF CIVIL AND CRIMINAL FORFEITURES

http://law.justia.com/cfr/title28/28-1.0.1.1.10.html


In the the context of US law...
Everything put forth by FTP, Phil Ivey, Tapie, Cereus, etc...
Is a pure publicity stunt...
To buy time, build criminal defense, get free publicity, etc...
And poker "news sites" are running it like "news"...
In order to get thousands of clicks from desperados.

You guys are being hustled by everyone listed above...
The victims of Team FTP continue to be played for fools.
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Old 10-29-2011, 03:22 PM   #80
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Re: Cereus Plans to Liquidate Assets, Repay Players

Well thats very surprising and good news for UB/AP players. You can now deposit it on FT and play there ! Oh wait...
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Old 10-29-2011, 07:13 PM   #81
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Re: Cereus Plans to Liquidate Assets, Repay Players

One time Cereus!!
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Old 10-29-2011, 07:41 PM   #82
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Re: Cereus Plans to Liquidate Assets, Repay Players

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Originally Posted by jweez View Post
Unless the DOJ releases some seized funds, wouldn't the Cereus assets be probably pennies on the dollar of player balances? I could be completely wrong, I don't know anything about the Cereus situation.
thanks for taking the time to contribute. God i hate posts like this so much
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Old 10-29-2011, 10:39 PM   #83
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Re: Cereus Plans to Liquidate Assets, Repay Players

At this time we do not have any further information regarding player balances or withdrawals. The KGC continues to monitor the situation and work towards a financially beneficial solution for all players but is unable to address concerns about specific player balances or withdrawals at this time.

You can view the latest KGC Advisory relating to the Blanca situation at: http://www.gamingcommission.ca/news/pr10272011a.pdf Further advisories will be posted on the KGC’s site as new information becomes available.

We appreciate your continued patience and support.
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Old 10-30-2011, 08:27 AM   #84
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Re: Cereus Plans to Liquidate Assets, Repay Players

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Originally Posted by TheRuffian View Post
......or Party. As I now play fulltime on Party, I can really appreciate how good UB/Cereus software is as I got more disconnections in the first few days on Party than in 5 years on UB. I preferred UBs to FT but rarely played on Stars enough to compare.
Regarding the statement I'll leave that to guys a lot more legally minded than me who already posted but it makes very interesting reading all your analysis.
Watch out for the cheaters/colluders!!
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Old 10-30-2011, 04:08 PM   #85
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Re: Cereus Plans to Liquidate Assets, Repay Players

Who was stupid enough to still have money on there after the Russ Hamilton scandal?
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Old 10-30-2011, 04:12 PM   #86
LT22
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Re: Cereus Plans to Liquidate Assets, Repay Players

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Originally Posted by mrmixitup View Post
Who was stupid enough to still have money on there after the Russ Hamilton scandal?
who is stupid enough to post something this stupid? obv you

I don't have all my hands imported to HEM at the moment, but I guarantee you I made a lot more off Cereus than the bankroll I lost on April 15th. I know this might be hard to believe, but some people actually cash out winnings from poker sites!
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Old 10-30-2011, 08:36 PM   #87
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Quote:
Originally Posted by LT22 View Post
who is stupid enough to post something this stupid? obv you

I don't have all my hands imported to HEM at the moment, but I guarantee you I made a lot more off Cereus than the bankroll I lost on April 15th. I know this might be hard to believe, but some people actually cash out winnings from poker sites!
100% this.
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Old 10-30-2011, 08:42 PM   #88
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Re: Cereus Plans to Liquidate Assets, Repay Players

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Originally Posted by LT22 View Post
who is stupid enough to post something this stupid? obv you

I don't have all my hands imported to HEM at the moment, but I guarantee you I made a lot more off Cereus than the bankroll I lost on April 15th. I know this might be hard to believe, but some people actually cash out winnings from poker sites!
I'll say it now because it looks like the site is ****ed anyway, otherwise I wouldnt be because I like money, but all of you who didnt play on UB because of the Russ H scandal are the ones who are idiots.
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Old 10-30-2011, 11:25 PM   #89
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Re: Cereus Plans to Liquidate Assets, Repay Players

Quote:
Originally Posted by LT22 View Post
who is stupid enough to post something this stupid? obv you

I don't have all my hands imported to HEM at the moment, but I guarantee you I made a lot more off Cereus than the bankroll I lost on April 15th. I know this might be hard to believe, but some people actually cash out winnings from poker sites!
Quote:
Originally Posted by hoopaloopa View Post
100% this.
Add to ignore list, mrmixitup is a known troll.
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Old 10-31-2011, 03:25 AM   #90
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Re: Cereus Plans to Liquidate Assets, Repay Players

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Originally Posted by the1macdaddy View Post
If UB pays out before FT; then there is something wrong with the world
lol funny the reason I played on AP/UB instead of FTP was because I thought FTP was complete ****. Their support was absolutely horrible.

AP/UB had amazing support. Almost as good as Stars if not just as good.
AP/UB paid me my withdrawals in under a week. Did FTP ever do that? (maybe they did but I doubt it)


and you are surprised that AP/UB is going to pay out first and FTP might not ever pay out? I'm certainly not surprised.


With that being said I hope everyone gets their money back from AP and FTP and all of this can be resolved soon for everyone who is missing money

Last edited by wems; 10-31-2011 at 03:33 AM.
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Old 10-31-2011, 04:12 AM   #91
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Re: Cereus Plans to Liquidate Assets, Repay Players

Hang on a second. Did someone say that AP has a spokesman?
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Old 10-31-2011, 04:26 AM   #92
ike
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Re: Cereus Plans to Liquidate Assets, Repay Players

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Originally Posted by NoahSD View Post
Hang on a second. Did someone say that AP has a spokesman?
Ok, I admit it. I've just been prank calling poker journalists.
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Old 10-31-2011, 04:34 AM   #93
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Re: Cereus Plans to Liquidate Assets, Repay Players

this guy

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Old 10-31-2011, 05:34 AM   #94
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Re: Cereus Plans to Liquidate Assets, Repay Players

Quote:
Originally Posted by WutRUTryin2Hit View Post
I cannot imagine how the ClubWPT software could possibly be worth even REMOTELY close to $40million. That is a bizarre number to throw out.
Was about to post the same thing.

Absolutely no way...
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Old 10-31-2011, 09:54 AM   #95
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Re: Cereus Plans to Liquidate Assets, Repay Players

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Originally Posted by wems View Post
lol funny the reason I played on AP/UB instead of FTP was because I thought FTP was complete ****. Their support was absolutely horrible.

AP/UB had amazing support. Almost as good as Stars if not just as good.
AP/UB paid me my withdrawals in under a week. Did FTP ever do that? (maybe they did but I doubt it)


and you are surprised that AP/UB is going to pay out first and FTP might not ever pay out? I'm certainly not surprised.


With that being said I hope everyone gets their money back from AP and FTP and all of this can be resolved soon for everyone who is missing money
funny bs story brah.

Everyone i know who played on UB 1/2 to 5/10 are now losing on every other site or at best breaking even.
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Old 10-31-2011, 10:27 AM   #96
Make_it_rain187
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Re: Cereus Plans to Liquidate Assets, Repay Players

So it looks like if this liquidation goes thro best case scenario would be players get a decent % ( certaintly not 100%) and it's gonna be a lengthy court process before we see a dime potentially 1 year min. So aka this is potentially the worst news possible, at least they were paying slowly before fml. An with that my roll is officially for sale pm me w offers
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Old 10-31-2011, 11:40 AM   #97
wems
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Re: Cereus Plans to Liquidate Assets, Repay Players

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Originally Posted by (._X)0---(^_^) View Post
funny bs story brah.

Everyone i know who played on UB 1/2 to 5/10 are now losing on every other site or at best breaking even.
how is that relevant? how is my story bs? I told you why I played on UB/AP. Did you even read it before posting a reply?
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Old 10-31-2011, 12:13 PM   #98
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Re: Cereus Plans to Liquidate Assets, Repay Players

sigh
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Old 10-31-2011, 12:37 PM   #99
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Re: Cereus Plans to Liquidate Assets, Repay Players

entertaining serious offers on my 20k at Cereus
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Old 10-31-2011, 12:41 PM   #100
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Re: Cereus Plans to Liquidate Assets, Repay Players

Quote:
Originally Posted by wems View Post
lol funny the reason I played on AP/UB instead of FTP was because I thought FTP was complete ****. Their support was absolutely horrible.

AP/UB had amazing support. Almost as good as Stars if not just as good.
AP/UB paid me my withdrawals in under a week. Did FTP ever do that? (maybe they did but I doubt it)


and you are surprised that AP/UB is going to pay out first and FTP might not ever pay out? I'm certainly not surprised.


With that being said I hope everyone gets their money back from AP and FTP and all of this can be resolved soon for everyone who is missing money
+1000000000%
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