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U.S. GOVERNMENT TO OUTSOURCE F.T.P. PAY-OUTS
Wednesday August 15, 2012 : U.S. GOVERNMENT TO OUTSOURCE F.T.P. PAY-OUTS (Update)
Applications to organise payments have to be in by end August
Faced with the daunting task of organising US player payments following the Pokerstars-FTP deal, the US Department of Justice has perhaps wisely decided that this is not its area of expertise, and has invited suitably qualified companies to come forward and undertake the task - for a fee, of course.
In an employment opportunity notice on its website, the Department invites applications for an independent Claims Administrator to undertake the Full Tilt Poker payment to players process.
The notice reveals that there are some 1.3 million "potential US victims" and that the project involves account balances totalling $159 million...monies already held through seizures and payments from Pokerstars in terms of the FTP acquisition deal.
Applicants must be appropriately qualified, and will have to furnish information on proposed fees, along with details of any previous relationships that could influence independence in processing remission payments.
The successful applicant will work with the DoJ's Southern District of New York and the Asset Forfeiture and Money Laundering Section to “design and execute a process to solicit, receive and evaluate claims, and to process payments, for losses incurred by U.S. victims that are attributable to the fraud alleged. In so doing the Claims Administrator will obtain and evaluate information, such as financial transaction records, from claimants, and analyze information contained in user account records provided in database and other format by Full Tilt Poker.”
The outsourcing decision perhaps explains why the Department has yet to publicise more details on how it proposes to make whole the FTP players, who have been awaiting their funds for the past 16 months.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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