DOJ chooses claims administrator for remission process

Posted by Steve Ruddock on Mar 13, 2013 Posted in Legal Poker News, US Poker News | No Comments »

dojOut of the clear blue sky the US Department of Justice (DOJ) announced they had settled on a claims administrator to handle the remission for affected US poker players stemming from Black Friday, and outlined in the settlement they reached with PokerStars last year. According to the press release from the US Attorney:

“Preet Bharara, the United States Attorney for the Southern District of New York, announced today that the United States has retained the Garden City Group (“GCG”) to serve as Claims Administrator to oversee the process of compensating eligible victims of the fraud committed by Full Tilt Poker against United States players that was set forth in both the civil money laundering and forfeiture action United States v. PokerStars, et al., and the indictment United States v. Bitar, et. al.”

Since April 15, 2011 US poker players have been unable to access their money from their Full Tilt Poker accounts, and even after the DOJ and PokerStars came to an agreement last summer, it has been a further nine months before this important step in the process was taken.

The anti-gambling crusader was still using hyperbolic language to describe Full Tilt Poker despite all of the settlements and agreements that have been made, as Preet Bharara was quoted in the press release as saying, “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.” [bold mine]

This means that US players should be contacted soon with an explanation of the remission process and how they can go about filing a claim for their Full Tilt Poker funds: “Utilizing funds forfeited from PokerStars in this action, the Department of Justice will establish a process by which eligible U.S. fraud victims will be able to seek compensation for their losses (“Petitions for Remission”).”

You can read the full press release here: http://www.justice.gov/usao/nys/pressreleases/March13/FullTiltPokerSpecialMasterPR.php

 



Leave a Reply

Promotional News

PokerStars NJCOOP Will Have 46 Events And $1.2 Million In Prize Money To Be Won
New Jersey, Nevada and Delaware are currently the only three states in …
Read more

King’s Casino Welcomes The Dutch Poker Classic This Month
The prestigious establishment that is the King’s Casino will play ho …
Read more

MPN Poker Tour Will Return To Tallinn, Estonia And Kick Things Off From October 19
The MPN Poker Tour will be back in Tallinn, the capital of Estonia in …
Read more

Partypoker Continues Rebuilding Process By Signing Fedor Holz As New Brand Ambassador
Partypoker announced last year that it was going to focus on rebuildin …
Read more