This is exciting indeed. Can anyone confirm this, If I log into my full tilt account and can check my account history and I get to see the balance I had on 4/15 through the spreadsheet and it is correct, that is the amount I should I expect my claim to be, right? Like does it mean I'm certain to get paid? Pretty much I want to know If I am a lock to get funds reported through my account history. I just don't want to have to sweat anymore of this FT stuff. Lord knows we been through enough lol. Thanks fellas

Any word on FTPs?

Hi Rusty, sent from my International Samsung Galaxy S3.

no word yet on those or tickets or even straight T$

It's looking promising, but far from "certain" or "a lock".

Wait two more weeks and then you will know.

if our claim amount and the amount they have match up, pls just shippp itttt lol deal with the conflicting claims after..

The representative of his/her estate should file a claim. Depending on the sum involved and if a probate estate has been previously opened, that may be (1) a court appointed executor or administrator or (2) a next of kin survivor filing with proof of death and relationship. If you contact GCG they might be able to tell you now what is required.

On FTPs...

I relocated and my FTPs were waiting for me. Additionally, Full Tilt converted my old Iron Man medals to points as soon as I sent my relocation documents. I'm sure Stars would have assured we don't get to double dip on those points...

You don't think it's possible the DOJ knows who moved and who didn't?

Last I heard, our repayment was going to be based on "whats in our account 4/15". I saved the bounced check that I received on BF... Anyone know whether we will be able to claim those funds as well? Considering it shows it was withdrawn from our FTP $ and obviously couldn't be deposited bc the gov't seized the accounts should be a no doubter, but.........

fhow about the people who stayed logged in on 4/16 and 4/17 and won/lost money. what are your thoughts on what we will get repayed. 4/15 balance?

and will we have to pay taxes?

FYP

Probably get your final ending balance once you were booted out.

We don't know whether the amount the DoJ has for you includes or excludes the amunt of those bounced withdrawals. It seems almost certain that whatever information they send you will include the amount they think you lost. If that amount doesn't include the amounts of failed withdrawals, by all means go ahead and add them to your claim. Hopefully the PPA will provide legal advice about how to provide GCG/the DOJ with the evidence to support you increased claim. (Send originals, plain copies or notarized true copies? Do you need to include an affidavit?)

They told you it will be based on April 15 balance. Why don't you believe them?

You will owe taxes on any winnings included in your remission payment for which you have not yet paid taxes.

is it standard to be sent a W2 form (or another tax form) along with your remission payment? (ie in the mail etc)

Ok ive skimmed through this thread, but havent found any thoughts on panic withdrawals.

I made one (dumb I know) on BF 4-15-11 for the whole balance. I have my account history and it shows the w/d and the transaction number. I did not take a screen shot of my account before the w/d

1. Did anyone else do this?

2. Do you guys think that they'll require me to prove I didn't receive the funds? It makes sense that I didn't receive anything given GCG will be well aware of FTPs situation during that time and any w/d made on that day didn't go through.

I'm just worried that they'll send me an email saying I had a $0 balance on 4-15-11

Mad madrigan. I wouldn't worry. There are many of us in similar situations. While I'm not promising you your money please rest assured that garden city group is not out to cheat you/us of our funds.

God bless

So be the!

Sorry for your loss and RIP.

ianal but this is going to very state to state for intestate cases.

the money in your account was already your money, it was earned years ago it isn't being earned from this remission payment. but the extra money we'll all get due to the redispersement of the other 600 million dollars from the settlement will be new money to us and thus will be considered year 2013 or 2014 (taxable) income.

Jon, I think is a Federal case governed by Federal Laws and the DOJ. The state in which one lives should have no significance to the remissions process.

With respect to this bigger question, I am not an expert in probate law and I have no actual personal experience with the subject in an actual remissions case, but I seem to recall that heirs or estates of victims, that were eligible for remission while alive, are not allowed to be substituted for the original victim. I believe this would be a subrogation inheritance as detailed in the regulation below. I am traveling and can't confirm, but as I recall the regulation below is controlling. I also recall an article in the NY Post about Madoff victims dying before payments were made and the heirs being left with no recourse. Maybe Skall or Gioco could chime in here and help out.

BTW, the part below about acquiring an ownership interest in the forfeited property is different from inheriting "regular" property from an heir that owned the property. A "regular" victim, eligible for remission as a victim, does NOT have an ownership interest in forfeited property to use or pass on to heirs.

CODE OF FEDERAL REGULATIONS TITLE 28--JUDICIAL ADMINISTRATION
CHAPTER I--DEPARTMENT OF JUSTICE
PART 9--REGULATIONS GOVERNING THE REMISSION OR MITIGATION OF CIVIL AND CRIMINAL FORFEITURES

§ 9.2 Definitions

(v) The term victim means a person who has incurred a pecuniary loss as a direct result of the commission of the offense underlying a forfeiture. A drug user is not considered a victim of a drug trafficking offense under this definition. A victim does not include one who acquires a right to sue the perpetrator of the criminal offense for any loss by assignment, subrogation inheritance, or otherwise from the actual victim, unless that person has acquired an actual ownership interest in the forfeited property.

sup fellow victims, my floating funds were never put back into my account that were attempted to be with-drawled on bf. When we request for money in a couple weeks do we put that together with our balance even though it is not the same balance that is currently in our history? I am surprised that ftp never fixed this! blahh. anyone that can shed light please do. ty

What are you talking about? There isn't any extra money to be paid out to players. There is only getting back the money that was already ours and you should have already paid taxes on.

If you're like me and already paid your taxes, then you won't have to pay anything else when you get your money back.

If anyone has a quote from Russ Fox or someone else reputable to the contrary, I'd be happy to read it.

OK everyone...

If you somehow can find a way to wait 12 more days after waiting 2+ years already, most of your questions will be answered. In the meantime:

1.) Limbo withdrawals: If they are in your remissions amount, wonderful. If not, you can appeal. It's not clear exactly how you can provide evidence that you DIDN'T cash a check and stuff the money into your mattress, so you may just have to give as many details as you can, and hope for the best.

2.) Taxes: There has been zero indication that the government will treat these funds as income subject to withholding, W-2 reporting, etc. and for many people the funds AREN'T current income. If it IS income to you, and you HAVEN'T paid taxes on it yet, then you SHOULD pay taxes on it, just like any income. But you can do whatever you want, and nobody else (besides possibly the IRS) cares what you decide. Also nobody cares if you go back and amend a previous year's return, or just file on this year's, and it's >99.9% chance IMO that the IRS doesn't care either and will just be happy to take your money. Other tax nit questions, go see a damn accountant.

3.) Exact cutoff date for play after 4/15, Take Two, Tournament tickets, FTP points, etc. etc. etc.: Nobody knows for sure. Wait and see. IMO you're just going to have to take whatever they give you.

doj bilked nearly a billion dollars out of the company.. what are they gonna do, just keep it? lol c'mon bro. we're the victims, they're here to help us. they've said that over and over.

IDK for sure, but I would think not. Remission payments are a replacement for a loss. They are not income themselves. If the loss they are replacing included a taxable gain on which you have not yet paid taxes, then you will have to pay taxes on that gain.

IMO, it is unlikely that the DoJ will have cross-referenced your tax filings with your FTP records. For anybody who gambled anywhere besides FTP, the FTP records wouldn't tell the whole story WRT tax liability for gambling gains, so they cannot tell whether FTP records of winnings would indicate an unpaid tax liability.