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Thursday March 14,2013 : AT LAST - DoJ APPOINTS CLAIMS ADMINISTRATOR FOR FULL TILT POKER US PAYMENTS (Update)
It's taken an inordinately long time, but payments to players are now a little closer
The hundreds of millions of dollars from the Pokerstars settlement that the US Department of Justice has been holding for payment to Full Tilt Poker players may soon - finally - be disbursed following the news Wednesday that the feds have appointed a third party, independent Claims Administrator to handle the project.
Announcing that players can expect payments to start soon, the Department revealed that it has selected the Garden City Group as Claims Administrator and that company has already launched a website for FTP players who wish to lodge claims. The website can be accessed at www.fulltiltpokerclaims.com.
Preet Bharara, the chief Black Friday prosecutor from the US Attorney Office for the Southern District of New York, said in a statement:
“The Garden City Group brings a track record of handling the administration of some of the country’s largest and most complicated settlements.
“With their selection, we take a significant step forward in the process of compensating victims of the Full Tilt Poker scheme.”
Recentpoker.com readers will recall that part of the massive $547 million Pokerstars paid over to the US government as part of a settlement agreement (which included no admission of wrongdoing), was earmarked for US players impacted by the FTP implosion.
FTP has since been acquired by Pokerstars parent The Rational Group.
The claims administrator appointment perhaps heralds the end of a long and tortuous process to make players whole again after the events of Black Friday in April 2011.
The lengthy DoJ statement, which includes a detailed historical account of the events leading up to the appointment of the claims administrator, can be found here:
Information is also available from the toll-free hotline number at (866) 250-2640.
Recent Gambling News :
NFL Odds: Super Bowl XLIX Pits Champions Against Each Other -
#superbowl #superbowlXLIX : The sportsbook lists the New England Patriots as the early 2-point favorites to beat the Seattle Seahawks for the upcoming match. The last time the Seahawks and Patriots played each other was in Seattle in 2012, where Russell Wilson and company took home a one-point win.
Dangerous Odds New SportsBetting Movie -
Titled "Dangerous Odds" the movie is based on the memoirs of Marisa J. Lankester, a model and award winning author who became embroiled in the billion dollar US and Dominican Republic-based illegal sports betting activities of Ron 'The Cigar' Sacco, and felt the weight of Justice Department enforcement actions.
Alex Trevallion wins A$25,000 buy-in Challenge in Melbourne -
The entry field represented a 60 percent increase over the same event last year, with aces like Erik Seidel, Patrik Antonius and Phil Ivey among the starters, although none of these top players made the final table, and Ivey and Antonius failed to cash.
Proposed Law SB40 Bad For Poker Player Stakers -
The watchdog has recently issued warnings to American gambling companies regarding the dangers of money laundering and the concealment of sources of gambling money, and in response Nevada lawmakers have crafted an amendment to state law in bill SB40 that will specifically ban "messenger betting" - the placing of bets through a third party resident in Nevada.
BID TO LEGALISE FANTASY SPORTS BETTING IN WASHINGTON STATE -
Washington is one of the few states that regards even online fantasy sports betting as illegal despite federal exemptions, but Roach and other lawmakers feel it's time to recognise that skill dominates chance in the genre, and it should therefore be permitted.
MULTI-MILLION DOLLAR ONLINE GAMBLING RING BUSTED IN VIETNAM -
Tuoi Tre News in Vietnam reports that the police have dismantled an illegal online gambling ring and arrested ten individuals involved in the enterprise, including the ringleader, 33-year-old To Cong Hung, a gay magazine owner based in Ho Chi Minh City.
Wisconsin poker players ask judge to declare poker a game predominently of skill -
The player initiative, backed by the Poker Players Alliance, has filed a Plaintiffs' Expert Witness Affidavit featuring testimony from the widely experienced professor, who has given expert evidence in a number of major court cases, consulted for state and other authorities and participated in numerous reviews on the legality of poker based on skill rather than chance.
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