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

03-13-2013 , 07:43 PM
Ford1938 posted about this stuff before. Theres now a 3 month window for the administrator to send out claims notifications, then there will be a window to file for remission, then theres a review process, then payouts. We are probably still 8 months to a year away from actually seeing money but we are a step closer. Hopefully Ford will come in here and clear this up a bit.
03-13-2013 , 07:52 PM
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?
ill take the over on that. but ya, for some people, claiming their full tilt funds might be more bad than good

Quote:
Originally Posted by Reverse_Centaur
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.
im hoping everything is settled and I have the money in my account in roughly 6 months. seems reasonable
03-13-2013 , 07:54 PM
I think now is the time to ask what are the odds on getting the money before the 2013 WSOP ME....
03-13-2013 , 07:56 PM
In the press release, they have backed away from the "Ponzi" language, simply referring to the crime as a "scheme" and then stating that a fraud occurred because "the company did not maintain funds sufficient to repay all of its players."

They also referred to the "approximately $184 million owed by Full Tilt to foreign players" which was clearly balances.

Of course, none of that will stop the morons/trolls from raising the "deposits vs. balances" nonsense another 153454 times before we finally get our balances back.

Anyhow, FINALLY another step in the process is complete, and there are no red flags visible as far as I can tell, just the usual "LOL Government Contractor" annoyances. I'm still going with Christmas 2013 as an over/under date.
03-13-2013 , 07:56 PM
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?
I'd take the over on $.50
03-13-2013 , 08:04 PM
YES!!! this is life changing for me. stay patient guys!
03-13-2013 , 08:04 PM
Quote:
Originally Posted by ScreaminAsian
lmfao, so good
03-13-2013 , 08:17 PM
How much are we actually getting tho?
03-13-2013 , 08:33 PM
Quote:
Originally Posted by burnJa
im hoping everything is settled and I have the money in my account in roughly 6 months. seems reasonable
Since when has anything in this whole clusterf been reasonable?

Quote:
Originally Posted by kleinstein000
I think now is the time to ask what are the odds on getting the money before the 2013 WSOP ME....
10,000 to 1 against. It would be higher but they do not allow odds greater than that.
03-13-2013 , 08:35 PM
Quote:
Originally Posted by waq
10,000 to 1 against. It would be higher but they do not allow odds greater than that.
Will bet against, let me know how much and we can determine a reputable escrow
03-13-2013 , 08:38 PM
i'll take 2 bucks on that
03-13-2013 , 08:44 PM
A page full of dead links:

http://www.fulltiltpokerclaims.com/
03-13-2013 , 08:45 PM
Could take up to 2 years for full payouts according to an attorney close to me familiar with payment processors
03-13-2013 , 08:46 PM
So what is your guess as to how much on the dollar we are going to get after everything is said and done. I say .55 on the dollar.
03-13-2013 , 08:58 PM
zomg what steps do we take now
03-13-2013 , 09:01 PM
Quote:
Originally Posted by steveg45
wow thank god its about time we got some good news..free rolling live poker soon....weeee
lets blame god for this mess. not thank him
03-13-2013 , 09:03 PM
Quote:
Originally Posted by kleinstein000
I think now is the time to ask what are the odds on getting the money before the 2013 WSOP ME....
100-1?
03-13-2013 , 09:06 PM
Apparently I live just down the road from this place.
03-13-2013 , 09:07 PM
Quote:
Originally Posted by kleinstein000
I think now is the time to ask what are the odds on getting the money before the 2014 WSOP ME....
FYP
03-13-2013 , 09:49 PM
Quote:
Originally Posted by PsYcOsNiPeR
Could take up to 2 years for full payouts according to an attorney close to me familiar with payment processors
holy ****! plz no lol. and they are getting paid to do this? work harder plz
03-13-2013 , 09:55 PM
Quote:
Originally Posted by Party in the USA
zomg what steps do we take now
Wait until a thread called "FTP Claims Process Announced" shows up.

In other words, we have the processor, but not the process, so there isn't anything to do yet.
03-13-2013 , 11:54 PM
Quote:
Originally Posted by djj6835
Apparently I live just down the road from this place.
is there a real nice double tree hotel in that city? I think I played a soccer tourny there when I was young
03-14-2013 , 12:15 AM
god how these people have jobs where deadlines mean absolute dick is so fn tilting
03-14-2013 , 12:22 AM
Wonder how big a piece Garden City Group will take. Might that be on public record?

I can't find anything about the average or estimated costs of claims administration.
03-14-2013 , 12:23 AM
Quote:
Originally Posted by ScreaminAsian
Quoting because this was the perfect response, it needs to be covering every page of this thread, and that chick is rolling so hard.

      
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