Sunday August 12, 2012 : POKER PLAYERS ALLIANCE PREPARED TO ASSIST IN F.T.P. PAY-OUTS TO U.S. PLAYERS (Update)
Terms of Pokerstars-FTP-DoJ sttlement clearly indicate that players be paid in full, says action group.
Immediately following the announcement of the multi-million Pokerstars acquisition deal on Full Tilt Poker the Poker Players Alliance independent action group flagged its preparedness to be involved in the long awaited pay-outs to players through US government agencies.
In a public statement at the end of July, the Alliance noted:
“The government has not yet released the precise details on how reimbursements will occur. It is the PPA's position that the government must take all steps necessary to ensure the process for the players to recover their full funds is not unduly burdensome. PPA's legal team will remain fully involved as the ‘voice of the player’ to ensure our members are heard throughout this process."
This week, as uncertainty continued on how the restitution scheme is to be implemented despite the millions seized and paid over to government coffers, the PPA nudged officialdom with a reminder, addressed to the Department of Justice's Asset Forfeiture and Money Laundering Section.
The letter reportedly noted that the terms of the FTP-Pokerstars settlement involve sufficient money to ensure that all owed US players are made whole through the government's pay-out system.
It also invites government to tap into the PPA's experience, knowledge and resources in order to quickly introduce a player-friendly and efficient "process for remission," along with a view on how FTP players' amounts due should be calculated in order to ensure a fair restitution.