Full Tilt Payouts Near?

"An update to the FTP Claims website details the start of the repayment process and method of calculation.

By James Spillane, Rakeback.com Staff Writer

U.S. Poker RepaymentsGood news for ex-FTP grinders from the U.S. today as FullTiltPokerClaims.com updated their claims administration notes after months without any information.

Cliffnotes:

Players will shortly receive an email from claims administrator the Garden City Group (GCG)
This will contain instructions on how to complete an online claim for repayment
The calculation formula will be based on players' balances as of April 15th, 2011
100% of funds will be repaid if the funds forfeited by the DOJ 'equal or exceed' aggregate balances
If funds are not sufficient, each player will incur a loss in equal proportions based on the size of their balance
No information is available as yet as to the amount of funds held by the U.S. government since Full Tilt Poker was shut down over two years ago. It also isn't clear yet whether failed withdrawals made on or shortly before 4/5/11 would be accounted for.

Further updates will be posted on Rakeback.com News for those without access to their old FTP email account. If you're unable to load the FTP claims website, see a screenshot of today's update here.

Source

FullTiltPokerClaims.com"

UPDATED AUGUST 1ST!! still broken promises

Full Tilt Poker Claims Administration

I won't believe it until I see it. Don't have much on there, but would like to have my $118 back.

gl getting money if this site owes ya. i hope they make it right

I finished third in the $1 $10k guarantee right before everything went down. won $1100 and haven't heard nothing....would be nice to get that $1400 I had on there.

almost 3k

Just about $9K. I crushed Full Tilt. Only had a few hundred on Stars that I got back. Ahh, the good old pre-Black Friday poker days. I miss them.

yes, iwont believed until I see it also. I had 379$ on it.

I cash out a good chunk a month before they went down. I think I am out 100. never expect to see it again. I am sure the feds are having a hell of a party with any real money that was ever there in the first place.

Good I want my money back!!! lol but I did deposit money on Full Tilt on Black Friday then they shut down a hour or two later. I was pretty upset.

Interesting, i would like to know more on how they are going to proceed

thats weird they still have a site but havent payed those members yet? sketchy..

goodluck on your payouts and see many more loosing $ there ... not me!!!!!

I didn't play on full tilt, but did go on it frequently to watch the pros played. I had a lot of money on Ultmatebet. YEA...never saw that money again. such BS!

I have liek zero money in ther im glad I suck and lost most of it!!!

I didn't play on full tilt, but did go on it frequently to watch the pros played. I had a lot of money on Ultmatebet. YEA...never saw that money again. such BS!

Quote:

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Originally Posted by thebest23

Interesting, i would like to know more on how they are going to proceed

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Full Tilt Poker Claims Administration

This is the official website for the Full Tilt Poker Claims Administration, as authorized by the United States Attorney for the Southern District of New York. This administration is the result of the settlement agreement and resulting forfeitures resolving the allegations in the amended civil forfeiture complaint in United States v. PokerStars, et al., 11 Civ. 2564 (LBS), pending in the United States District Court for the Southern District of New York. The Garden City Group, Inc. ("GCG") was retained by the United States to serve as the Claims Administrator of the forfeited funds.

It has been determined that the calculation formula to be used for the Petition for Remission process will be based on players' final balances with FTP as of April 15, 2011 (the "FTP Account Balances"). The claims process will begin shortly. Once the process begins, GCG will email instructions on how to complete an online claim to all potentially eligible claimants identified by GCG utilizing data supplied by FTP. Account balances from online poker sites other than FTP are not included in this remission process. Petitioners must also meet all other requirements outlined in 28 C.F.R. ? 9.8 to be considered eligible for remission.

If you do not receive an email notice and you believe you are eligible to participate in the remission process, you may file a claim online using the directions that will be provided on this website.

I hope everyone gets there money back! in FULL!

Yeah, the process of getting a cashout is about to start happening. I wonder what the players with the little amounts will do?

Hope all you US guys will get your money back...

they are probably going to make it difficult hoping the players with small amounts will give up on it... I dont really even care about the couple hundred i grinded up from some freeroll winnings on there. I just want to be able to make some easy money from the eurodonks again.

Definitely would be nice to see this ugly chapter from online poker cleaned up

You might recall that two weeks ago, CardPlayer published an article saying that the claims process could take more than a year to be completed.

lol had like 88 dollars from FTP :P

Im sure they are in no hurry to make the payouts....they will dance through hoops and take as much time as they want....I am just lucky I cashed out before black Friday....I feel bad for the players who didnt