Wednesday July 17,2013 : ABSOLUTE POKER AND U.S. ATTORNEY'S OFFICE SIGN AGREEMENT (Update)
All assets to be forfeited
In a sequel to 2011's Black Friday online poker company shut downs it appears from newly filed court documentation that the United States Attorney's Office, represented by Preet Bharara and The Absolute Poker Group represented by legal counsel Jerry D. Bernstein have come to an agreement that will come into force with immediate effect.
The terms are tough:
"The Absolute Poker Group agrees that all assets, including property of all kinds, real and personal, tangible and intangible, goodwill, right or non-physical resource that is presumed to represent an advantage in the marketplace, and anything having commercial or exchange value, of the following Absolute Poker-affiliated and controlled companies (collectively, the the Absolute Poker Group"), or any other transferee of assets f/b/o the Absolute Poker Group, its owners or designees shall be forfeited to the United States, for disposition according to law, pursuant to Title 18, United States Code, Section 981:
"As set forth herein. Blanca Games hereby withdraws its claim in this action for the assets of Blue Water Services Ltd., Trust Services Ltd., SGS Systems Inc. and Fiducia Exchange Ltd.
"The civil money laundering claims against the Named Absolute Poker Companies are hereby dismissed with prejudice, with the exception of the civil money laundering claims against Blue Water Services Ltd., Trust Services Ltd., SGS Systems Inc. and Fiducia Exchange Ltd., which remain pending.
"Each party shall bear its own costs and attorneys' fees."
The agreement was approved and ordered into law by Judge Kimba M. Wood on July 15 2013.