Quote:
Originally Posted by bbfg
Why are US players so scared that they don't get paid by the DOJ? Isn't GBT paying a huge fine to the DOJ that will cover these refunds?
US players are scared because the DOJ has not promised to pay them back, GBT's fine will only cover about half the debt, and they are familiar with government "efficiency".
The most optimistic thing the gov. has said is: "The return of forfeited funds to victims of the alleged fraud may be possible, but will depend on several factors, including the successful conclusion of the litigation, the amount of funds seized and ordered forfeited by the court, and compliance with other procedures the Department of Justice may eventually establish regarding return of forfeited funds to victims who lost money as a result of the alleged fraudulent conduct.
We cannot predict the duration of proceedings in this case, other than to state that they will last for many months at the least. We will apprise victims of the alleged fraud of future developments as appropriate. General information regarding what is known as “remission” (i.e., return to victims) of funds that have been seized and forfeited is set forth in Department of Justice regulations found at 28 C.F.R. Part 9."