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.
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
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.