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Fulltilt Bank Account Unfrozen By DOJ
Posted on 5/27/11 :
But still no guaranteed pay back to players
Industry observers report that a Full Tilt Poker bank account at the Bank of Ireland has been released by the US Department of Justice (DoJ).
Monies held in the account allegedly amount to over a third of the estimated $100 million to $150 million owed to players revealed an unidentified Full Tilt Poker source to industry publication egr magazine.
Full Tilt Poker co-founder Raymond Bitar has reportedly been seeking investors outside of the financial services sector to cover the amount owing in return for a stake in the company but with little success.
The unidentified source added that numerous factors are involved with refunding players' funds including a $60 million backlog referenced in the Franzen case, banks that voluntarily restrained funds and the status of negotiations with the US Attorney's Office for the Southern District of New York.
Full Tilt Poker is reportedly in discussion with the Federal authorities on the release of further accounts across Europe.
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 -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
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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