Open Side Menu Go to the Top
Register
Full Tilt Poker claims remission discussion Full Tilt Poker claims remission discussion

09-16-2013 , 06:51 PM
FYI I found the email in my spam folder.
09-16-2013 , 07:19 PM
irregardless of whether or not its intentional - these emails going to spam folders is probably a good thing for greedy me.

if 90% of full tilt customers don't actually find out about this remissions process, they won't file claims, and in November there will be enough money in gcg's pot to cover all claims even the disputed ones, so payouts can proceed in parallel with individual account disputes.
09-16-2013 , 08:24 PM
Can anyone think of any reason why a player having never deposited should make that player ineligible for remission? I am totally stumped.
09-16-2013 , 08:55 PM
Quote:
Originally Posted by RollWave
irregardless of whether or not its intentional - these emails going to spam folders is probably a good thing for greedy me.

if 90% of full tilt customers don't actually find out about this remissions process, they won't file claims, and in November there will be enough money in gcg's pot to cover all claims even the disputed ones, so payouts can proceed in parallel with individual account disputes.
They have more than enough money to cover all claims, even the disputed ones, from the PokerStars payments. No one needs to go unpaid.
09-16-2013 , 08:59 PM
Quote:
Originally Posted by repulse
Can anyone think of any reason why a player having never deposited should make that player ineligible for remission? I am totally stumped.
Maybe it is the standard the DOJ set to determine if a person ever risked their own money and thereby is a victim of the related crimes.
09-16-2013 , 09:04 PM
Quote:
Originally Posted by repulse
Can anyone think of any reason why a player having never deposited should make that player ineligible for remission? I am totally stumped.
Simple example, what if there was an account that full tilt employees transferred money to especially late in the involvement of everything say March and they sent 20k to an account in their name.

Also if you deposited shows record that you were or should have been a verified customer. Plenty of money laundering options for people who were just moving money between accounts via transfers.

Not saying money is lost for sure but definitely cause for concern I'd say
09-16-2013 , 09:14 PM
Quote:
Originally Posted by repulse
Can anyone think of any reason why a player having never deposited should make that player ineligible for remission? I am totally stumped.
Because they said so.

I can think of examples where this would really suck, but also instances where it's probably justified.
09-16-2013 , 09:34 PM
Quote:
Originally Posted by PokerXanadu
They have more than enough money to cover all claims, even the disputed ones, from the PokerStars payments.
that information can't be known at this time. It may end up being true, but there's no way to know how many people will ask for money beyond their account balance and how much they will ask for.
09-16-2013 , 09:41 PM
I'm also one of the players that only received p2p transfers. I'm hoping that i'll still be able to get the balance that's in my account, gl guys
09-16-2013 , 09:47 PM
Quote:
Originally Posted by RollWave
that information can't be known at this time. It may end up being true, but there's no way to know how many people will ask for money beyond their account balance and how much they will ask for.
How much they will ask for is not the same as how much will be approved based on validity of claims per remission regulations. Once you exclude the large account balances of FTP owners, Full Tilt Pros and pro players who received their account balances from the new FTP by moving out of country, I'm pretty certain the total of all the possible acceptable claims is going to fall below the amount reportedly estimated for this purpose (and well below the amount of the PokerStars payments).
09-16-2013 , 10:02 PM
Quote:
Originally Posted by PokerXanadu
How much they will ask for is not the same as how much will be approved based on validity of claims per remission regulations. ... I'm pretty certain the total of all the possible acceptable claims is going to fall below the amount reportedly estimated for this purpose (and well below the amount of the PokerStars payments).
your point is not relevant to mine. My comment does not consider how much money will be received (I'm assuming the full amount, just like you), only when it will be received.

if the total amount asked for exceeds the cash on hand, payments won't start as quickly. It will take time for scammers etc to be separated. if fewer people file claims, that makes it more likely that total requests will not exceed cash on hand, meaning payments can start before disputes are resolved.
09-16-2013 , 10:22 PM
Quote:
Originally Posted by RollWave
your point is not relevant to mine. My comment does not consider how much money will be received (I'm assuming the full amount, just like you), only when it will be received.
Glad you clarified that, as it is not at all apparent from what you posted.

Quote:
if the total amount asked for exceeds the cash on hand, payments won't start as quickly. It will take time for scammers etc to be separated. if fewer people file claims, that makes it more likely that total requests will not exceed cash on hand, meaning payments can start before disputes are resolved.
There has been no indication from GCG that the process, even if the total amount of filed claims is less than the total cash on hand, will proceed in any other manner than the standard method per regulations, i.e. resolve all claims and then start payments. However, I do think it is possible.

My point is that I can't foresee any realistic situation where total claims will exceed the money on hand. The $150M estimated US balances falls well below the PokerStars payments. Now subtract from that FTP owner accounts, Full Tilt Pro accounts, pro players who moved overseas and players who aren't going to file for whatever reason.

Even if you add in some amount of unjustified claims from scammers and cheats, and whatever the total amount claimed are for special circumstances (limbo withdrawals, bounced withdrawals, unredeemed rewards/awards, etc.), I don't see the total amount of all claims exceeding cash on hand.

I hope I'm right. We'll have to wait and see.
09-16-2013 , 10:38 PM
Quote:
Originally Posted by homanga
Simple example, what if there was an account that full tilt employees transferred money to especially late in the involvement of everything say March and they sent 20k to an account in their name.

Also if you deposited shows record that you were or should have been a verified customer. Plenty of money laundering options for people who were just moving money between accounts via transfers.

Not saying money is lost for sure but definitely cause for concern I'd say
Good points. But I would think that GSG's data should allow them to fairly easily distinguish between these sorts of activity patterns and the case of a player who started building a roll off of a $20 player transfer many years ago, etc.
09-16-2013 , 11:13 PM
Quote:
Originally Posted by RollWave
payouts can proceed in parallel with individual account disputes.
Quote:
Originally Posted by PokerXanadu
Glad you clarified that, as it is not at all apparent from what you posted.
They would never start issuing payouts <100% if there are claims still in dispute since they wouldn't know what percentage to give. The processes proceeding in parallel necessarily implies full payment.
09-17-2013 , 08:52 AM
Quote:
Prior to the payment of funds to a Petitioner, GCG will provide the Petitioner’s Social Security or other Taxpayer Identification Number to the Government, in order to offset and collect any qualifying debts currently listed in the Treasury Offset Program Database.
How will this part work? They will automatically just collect owed taxes? Wouldn't we just report them (if we hadn't already) when we receive the funds?
09-17-2013 , 09:31 AM
so i just checked again and still no email? Anyone else still waiting to get an email?
09-17-2013 , 10:24 AM
Does anyone else know where on the website we can log on to view our account balance? The e-mail and the website both mention it but I can't find it anywhere on the site.
09-17-2013 , 10:48 AM
Quote:
Originally Posted by Koko the munkey
Does anyone else know where on the website we can log on to view our account balance? The e-mail and the website both mention it but I can't find it anywhere on the site.
You have to wait till Wed., 9-18.
09-17-2013 , 11:33 AM
Quote:
Originally Posted by Artsemis
Quote:
Prior to the payment of funds to a Petitioner, GCG will provide the Petitionerís Social Security or other Taxpayer Identification Number to the Government, in order to offset and collect any qualifying debts currently listed in the Treasury Offset Program Database.
How will this part work? They will automatically just collect owed taxes? Wouldn't we just report them (if we hadn't already) when we receive the funds?
This is not about paying income taxes on the money. It is about collecting past amounts due to the government (loans, back taxes, etc.). It will still be your responsibility to report the poker income (wins as income; losses as deduction) and pay income taxes on it when due. See the U.S. Taxes sticky in this forum to learn how do that.
09-17-2013 , 11:46 AM
Just an update to fellow non-depositors - Received email this morning (9/17). Keep looking out for it. You should get an email.
09-17-2013 , 12:03 PM
Quote:
Originally Posted by Koko the munkey
Does anyone else know where on the website we can log on to view our account balance? The e-mail and the website both mention it but I can't find it anywhere on the site.
There's a workaround by which we can get this info from Full Tilt. I posted it here and here. I hope it works for you.
09-17-2013 , 12:52 PM
Quote:
Originally Posted by Artsemis
How will this part work? They will automatically just collect owed taxes? Wouldn't we just report them (if we hadn't already) when we receive the funds?
if the feds know you're over 60 days delinquent on your federal taxes or child support payments, you get added to this special list, right, and if you're on that special list and you're being remissioned for your ft balance, they'll take that outstanding debt off the top right before they pay you your balance.
09-17-2013 , 02:26 PM
What can I do if I don't remember my login details or which email I used?
09-17-2013 , 02:47 PM
Quote:
Originally Posted by otter
What can I do if I don't remember my login details or which email I used?
You don't need your login details to FullTiltPoker if you get an e-mail from GCG for your claim. If you don't get the email, or you still want to check on FTP to verify your account balance, write to support@fulltiltpoker.com and see if they can help you with your FTP login or email.
09-17-2013 , 03:28 PM
The email from TGCG will use the email address that is associated with your fulltilt account. From that, you can use the "forgot username" or "forgot password" links in the login screen of the client. I did and it works, and then I got my balance using the request history feature as described by others.

Everyone should whitelist the domain tgcginc.com for their email so it doesn't get junked.

Edit: if you need to allow the specific address it's FullTiltClaimsAdministration@tgcginc.com

      
m