Quote:
Originally Posted by 2pairsof2s
I take issue with the idea that everyone was made whole in the denouement of the Full Tilt scam. I, for one, never received any funds, as I was already involved in a processor dispute when Black Friday came and went and it was never resolved. Nor did I receive the small balance I left on my account.
Fergusson and his scamming cohorts had no right to line their pockets with our funds. They made little restitution out of pocket. Many of them are still basking in the luxury they have purchased with our money. They still have millions of dollars of the money they scammed in their possession; in other words they got away with it.
It's an easy shortcut to characterize we recreational players who were not paid as "screaming punters who lost their $95 roll on Black Friday," and it's true that the balance I lost was under four figures, which is immaterial even by my retired-guy spending money standards. But it was my money, I won it fair and square, and I never got paid. And I am not the only one.
This reoccurring false narrative that full restitution was made is nothing more than fake news, and it's insulting to the many of us who were stiffed for our balances, however small they may have been.
My 4 figure balance was shorted because “check was issued”. I downloaded the transaction data spreadsheet, and attached it to dispute the DOJ resolution process and alleged correctly that FT was not honoring any check withdrawals shortly before black Friday.
My dispute delayed the payout, but eventually was paid in full.
My impression is that there was money left over at the DOJ and any reasonable dispute was paid out from this money.