Absolute Poker/Ultimate Bet remission of player funds!!!
April 12th, 2017 at 1:41:09 AM
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Looks like the Department of Justice has enough money left after paying out the people that had money left on Fulltilt poker to now be able to pay out the people that had money seized on Absolute Poker/Ultimate Bet! Great news for the poker community.
From the PPA...
DOJ to Return Absolute Poker/Ultimate Bet Player Money Seized on Black Friday
PPA Outreach Helps to Establish AP/UB Remission
We at PPA have terrific news to share. The Southern District of New York has announced that players with balances on Absolute Poker and Ultimate Bet will be able to file remission claims to be compensated for their funds. Garden City Group -- the group processing remissions claims for Full Tilt Poker players -- has been retained to oversee a similar process for Absolute Poker and Ultimate Bet customers. To file a claim, simply visit www.absolutepokerclaims.com.
PPA has reached out to SDNY verbally and in writing several times since the April 15, 2011 shutdowns of the largest U.S. facing online poker sites, encouraging them to treat all funds obtained as a result of actions associated with these shutdowns as a single pot of money to reimburse ALL players whose money was frozen on Black Friday.As the representative of U.S. players before SDNY, we are very pleased that our recommendations have been accepted and that, at long last, many U.S. players will be made whole.
Neither GCG nor SDNY has released information on the amount of money available for AP/UB remission, but the press release does state that, in the PokerStars settlement, PokerStars agreed to forfeit $547 million. It also states that over $118 million in payments have been made to Full Tilt Poker players. Even factoring in the costs of remission processing, this seems to indicate a sizable pot, so to speak, for the AP/UB remissions process. PPA has reached out to SDNY for official word on the amount of money available for remissions, but it seems likely to be sufficient to cover expected claims.
We will keep everyone informed of new information as it becomes available. PPA looks forward to serving as an advocate for the players throughout the remission process, as we did for the Full Tilt Poker remission process. We also wish everyone making a claim all the best in working through the process.
From the PPA...
DOJ to Return Absolute Poker/Ultimate Bet Player Money Seized on Black Friday
PPA Outreach Helps to Establish AP/UB Remission
We at PPA have terrific news to share. The Southern District of New York has announced that players with balances on Absolute Poker and Ultimate Bet will be able to file remission claims to be compensated for their funds. Garden City Group -- the group processing remissions claims for Full Tilt Poker players -- has been retained to oversee a similar process for Absolute Poker and Ultimate Bet customers. To file a claim, simply visit www.absolutepokerclaims.com.
PPA has reached out to SDNY verbally and in writing several times since the April 15, 2011 shutdowns of the largest U.S. facing online poker sites, encouraging them to treat all funds obtained as a result of actions associated with these shutdowns as a single pot of money to reimburse ALL players whose money was frozen on Black Friday.As the representative of U.S. players before SDNY, we are very pleased that our recommendations have been accepted and that, at long last, many U.S. players will be made whole.
Neither GCG nor SDNY has released information on the amount of money available for AP/UB remission, but the press release does state that, in the PokerStars settlement, PokerStars agreed to forfeit $547 million. It also states that over $118 million in payments have been made to Full Tilt Poker players. Even factoring in the costs of remission processing, this seems to indicate a sizable pot, so to speak, for the AP/UB remissions process. PPA has reached out to SDNY for official word on the amount of money available for remissions, but it seems likely to be sufficient to cover expected claims.
We will keep everyone informed of new information as it becomes available. PPA looks forward to serving as an advocate for the players throughout the remission process, as we did for the Full Tilt Poker remission process. We also wish everyone making a claim all the best in working through the process.
What is life if not a gamble?
April 14th, 2017 at 10:06:02 AM
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That is very good news... and surprising! The hypocrisy and corruption within government is astounding. Need more watchdogs within gov.
'Winners hit n run... Losers stick around'
