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FULL TILT POKER NEAR A SETTLEMENT IN MARYLAND?

Sunday, October 30, 2011 : US Justice officials more flexible on deadlines in ongoing discussions
 
The poker information portal Poker Strategy scored a Full Tilt Poker news coup this week, unearthing interesting communications between a member of the US Attorney’s Office in Maryland, a lawyer representing Full Tilt Poker interests in Switzerland, and a US federal judge.
 
US Attorney Rod J. Rosenstein wrote to federal judge Catherine C. Blake, reporting that his office had been in contact with Barry Boss, representing Full Tilt Poker, regarding frozen Swiss banking accounts in the name of Ranston Limited.
 
The enforcement official reported that talks were ongoing regarding a settlement, and as part of the deal the government had agreed to waive any time limits regarding filings in the Ranston case.
 
Rosenstein advised the judge (here: http://resources.pokerstrategy.com/2011/10/27/8.pdf) :
 
"As to the two Ranston accounts, I have been contacted by Barry Boss, Esquire, who represents Ranston Ltd., which appears to be the owner of the two accounts. Mr. Boss and I have opened discussions towards a potential settlement of the interests in the Ranston accounts.
 
"In order to facilitate the settlement process, the government has agreed to waive all filing time limits for Ranston while we are making progress with settlement discussions.
 
"I will submit a status report to the Court if the case is not resolved as to the Ranston accounts by December 21, 2011."
 
The case is part of a larger and recently unsealed action, United States of America v. Funds Contained in Four Accounts (Oldford Group et al, by the Maryland authorities that commenced in 2009, details on which Poker Strategy has posted here:
 
http://resources.pokerstrategy.com/2011/10/27/1-main.pdf 
 
Poker players anxiously awaiting some sign of payments from Full Tilt Poker will no doubt be encouraged by the possibility that some of FTP's funds could be released, enabling the troubled company to pay what it owes as negotiations on the acquisition of FTP by Groupe Bernard Tapie progress.



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Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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