Wednesday June 11,2014 : GARDEN CITY GROUP POISED TO MAKE ANOTHER ROUND OF FTP PAYMENTS
$15 million to be distributed to petitioners including affiliates
Full Tilt Poker (FTP) claims administrator Garden City Group (GCG) will make another round of payments to approved petitioners on Thursday, June 12, 2014.
The distribution approved by the Department of Justice Asset Forfeiture and Money Laundering Section will include approximately 3 500 payments totaling $15 million and includes affiliates who submitted petitions confirming their FTP account balance.
Petitioners who have "delinquent debt" qualifying for collection through the Treasury Offset Program will have reduced payments as the GCG said their debt will be satisfied in part or whole.