Garden City Group to be Claims Administrator for FTP Funds - Claims to begin Sept. 18 - See OP - Page 2 - Poker News

Two Plus Two Forums Poker News & Discussion News, Views, and Gossip

Garden City Group to be Claims Administrator for FTP Funds - Claims to begin Sept. 18 - See OP

Closed Subscribe

...

Page 2 of 244

First

1 2 3 4 5 6 7 12 22 52 102 202

Last

Page 2 of 244

First

1 2 3 4 5 6 7 12 22 52 102 202

Last

03-13-2013 , 06:04 PM

#26

Alex_Striker

grinder

Join Date: Feb 2009 Posts: 403

I'd be more interested to see if they can put a timeframe on "shortly" as accurately as the DOJ defines "soon".

03-13-2013 , 06:04 PM

#27

domda

grinder

Join Date: May 2008 Posts: 610

Great news my $19 is coming home , thank you Howard Lederer for ignoring your own self interest and looking out for the players by getting this done.

03-13-2013 , 06:05 PM

#28

zachvac

Carpal \'Tunnel

Join Date: Apr 2008 Posts: 13,775

Quote:

Originally Posted by p2ryan

I called the hotline ( 866-250-2640) and asked about balances vs deposits an he said he didn't have that info at the time.

So basically all that's happened is they picked a company, the thing they said would be done in January. Now granted it's an ok first step but we still have to wait on the government to tell this company how the process will work which leads me to believe that may not have been determined yet? So we're still waiting on the government, sigh...

03-13-2013 , 06:06 PM

#29

bazaro

adept

Join Date: Sep 2012 Posts: 743

i think we can expect taxes, age/id verification to be the big issues here

anyone wanna bet that we get under 50 cents on the dollar after all is said and done?

03-13-2013 , 06:07 PM

#30

TicKinTiMeBomB

banned

Join Date: Oct 2011 Posts: 719

Quote:

Originally Posted by p2ryan

I called the hotline ( 866-250-2640) and asked about balances vs deposits an he said he didn't have that info at the time.

yesss already starting with the dont knows

03-13-2013 , 06:07 PM

#31

jh1711

No freakin title????????

Join Date: May 2012 Posts: 3,743

Quote:

Originally Posted by Dudd

At least they made sure they had everything ready to go after taking so long

That's a little unfair. fulltiltpokerclaims.com was registered only 6 weeks ago. There's no reason to believe GCG knew they got the job before that.

Sarcasm aside: This looks like good news.

Last edited by jh1711; 03-13-2013 at 06:09 PM. Reason: jk could be misleading

03-13-2013 , 06:10 PM

#32

ScreaminAsian

For President

Join Date: Oct 2008 Posts: 33,333

Quote:

Originally Posted by bazaro

i think we can expect taxes, age/id verification to be the big issues here

anyone wanna bet that we get under 50 cents on the dollar after all is said and done?

they don't auto tax me when i cash out from a poker game in a casino, because they realize every dollar i'm exchanging into bills isn't necessarily profit, and that the precedent is that it's up to the player to claim what he owes.

they're not releasing a jackpot to you, they're releasing assets that were already yours years ago. nice fearmongering tho

Last edited by ScreaminAsian; 03-13-2013 at 06:15 PM.

03-13-2013 , 06:11 PM

#33

Alex_Striker

grinder

Join Date: Feb 2009 Posts: 403

Just briefly skimming their website, it's hard to compare the FTP case to their other listed cases because of how different/unique the FTP case is compared to what they've normally handled.

03-13-2013 , 06:12 PM

#34

Alex_Striker

grinder

Join Date: Feb 2009 Posts: 403

Registered through: GoDaddy.com, LLC (http://www.godaddy.com)
Domain Name: FULLTILTPOKERCLAIMS.COM
Created on: 29-Jan-13
Expires on: 29-Jan-23
Last Updated on: 29-Jan-13

Registrant:
Garden City Group

1985 Marcus Avenue
Lake Success, New York 11042
United States

So...the DOJ technically was right in that the processor began work in January.

03-13-2013 , 06:14 PM

#35

oneonth3run

old hand

Join Date: Apr 2011 Posts: 1,648

Quote:

Originally Posted by Go Get It

Anyone in the know have thoughts on the GCG? Do they have a good past?

They look very legit. Have handled tons of large high profile cases including the $6B+ WorldCom case back in the day. I looked up a random settlement that involved thousands of claimants for a settlement case and they sent out a notice in September that had to be mailed/faxed(2007) in by mid December, and apparently if you did it right payments went out the following Spring. Our case is obviously different but just something to chew on.

03-13-2013 , 06:15 PM

#36

guardian troll

adept

Join Date: Oct 2009 Posts: 854

that's heartening, i guess

03-13-2013 , 06:30 PM

#37

lilwhaldo

grinder

Join Date: Feb 2010 Posts: 554

Info@FullTiltPokerClaims.com

Their email addy

03-13-2013 , 06:32 PM

#38

Zima421

Carpal \'Tunnel

Join Date: Jan 2007 Posts: 18,973

come onnnnnnnnnnnnnnn

03-13-2013 , 06:39 PM

#39

sixfour

should be called sevenfour

Join Date: Dec 2005 Posts: 74,772

in before the entirety of 2+2's american clientele inundate said administrator with emails, delaying things more weeks due to clearing backlog of inane questions

03-13-2013 , 06:45 PM

#40

Regret$

burnt out

Join Date: Mar 2010 Posts: 12,124

Finally, almost...

03-13-2013 , 06:53 PM

#41

synth_floyd

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 7,074

I guess "when we're ready" is still the name of the game.

03-13-2013 , 06:55 PM

#42

ThatsNotPoker

adept

Join Date: Jul 2011 Posts: 1,066

Grats guys!

03-13-2013 , 06:55 PM

#43

IamPro

one time Plz???

Join Date: Jan 2009 Posts: 17,652

Quote:

Originally Posted by ScreaminAsian

my exact reaction when seeing 'To be added. Check back soon.'

03-13-2013 , 07:08 PM

#44

zerosum79

old hand

Join Date: Jun 2010 Posts: 1,978

Ironic that they are located in Dublin...

Ohio?

03-13-2013 , 07:17 PM

#45

Marco Valerio

centurion

Join Date: Jan 2011 Posts: 168

Quote:

Originally Posted by sixfour

in before the entirety of 2+2's american clientele inundate said administrator with emails, delaying things more weeks due to clearing backlog of inane questions

Can we kill the time by coming up with some hilarious examples?

03-13-2013 , 07:18 PM

#46

steveg45

journeyman

Join Date: Jan 2009 Posts: 246

wow thank god its about time we got some good news..free rolling live poker soon....weeee

03-13-2013 , 07:18 PM

#47

kwon234ioud

journeyman

Join Date: Dec 2008 Posts: 252

Good news everyone! They have a website. God, I am going to get so wasted when my FT funds come through. Hmmm...three fiddy....

03-13-2013 , 07:24 PM

#48

Reverse_Centaur

journeyman

Join Date: Mar 2012 Posts: 335

My completely uniformed guesses: 4 months to develop a plan to file for remissions, remissions are paid out 6-12 months after that, depending on when you file and the status of your ft account. Feel free to counter with your own guesses or estimates.

03-13-2013 , 07:26 PM

#49

darlingm

journeyman

Join Date: Dec 2010 Posts: 275

Man. I live right next to a city called Garden City, but no relation. Got all excited that I could drop by in person periodically, until they told me several years from now that I was no longer welcome.