UB & AP going donk down soon?

From 2+2

Also, I can confirm the affiliate manager who I have worked with for YEARS was terminated. She was \ is the BEST in the business.

Quote:

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Costa Rica Termination Memo (cannot vouch for its authenticity as it was sent anonymously). Supposedly laying off 95% of staff.

Memo
To: All Staff
From: The Executive Management Team
Date: Monday, May 2, 2011
Re: Restructuring
As all of you are aware, action was taken by the U.S. Department of Justice on April 15th and we have closed our US-facing operations. We now have to focus our resources on developing our non-US operations and software business. Unfortunately, this also means we must immediately restructure our organization and significantly downsize our operations.

It is a very sad day for all of us, as we have worked so hard to create a truly amazing company that is filled with extraordinary people. We have always been and remain fully committed to the employees and consultants of this business.

TBT employees will be paid full liquidations in accordance with Costa Rican labor laws. Consultants will be paid severance based on length of service. IDS liquidations have been previously funded in full to Olman Rimola.

Some of you will be approached by the business for a new role with a much smaller company that is focused on continuing our non-US operations and software businesses.

HR or direct managers will initiate individual meetings with everyone to provide full details, and we hope to get through all of these over the next few days.

Today’s decision has not been made lightly, or in haste. It comes after considerable review from all angles of the impact Black Friday has had on the business as a whole. We are disappointed that events of the past two weeks have effectively forced us to take this action, with downsizing of the business now unavoidable.

We ask that all of you work from home tomorrow and you will be updated with new work arrangements soon.

It truly has been a pleasure working with all of you. We thank you for the significant time and dedication you've all shared with us over the years and wish you all the best in your future endeavors.

---

Yea I can't log on at the USA site or EU. Site either.... sad but true....

I saw that thread too ... pretty much as one poster said "a ponzi scheme going on at Cerrus". The few bucks I have over there are gone in my head, not expecting to get paid.

Oh NO!!! I have money at both Absolute and Ultimate Bet, but under 50$ at each room, so I can't ask for a withdrawal... would need to deposit to do so, or play to get my balance over 50$... but still, maybe I won't get paid.

no u will def not get paidd from them,, is sad tooo. they are gone for sure. I had deleted them off comp:( about 4 days ago now,, as sooon as i heard bout this,, i,m just glad i only had like 2 dolla at UB and 1.50 at AP> wellll AP was the very first site i had played on a lot,, back like 6 years ago or so,, so is kinda sad tooo

Hmm, interesting news. I am afraid this will not be the only poker room... Maybe more to follow

sad for all those who had money on there

Apparently, they have filed for bankruptcy.

DoJ attack leaves UB and Absolute Poker bankrupt

wow this really blows , i have gotten alot of bad news today since i just got my computer back.

I hope that Americans are allowed back on ftp,

Looks like UB/AP got raided today in Costa Rica according to a few sources on 2+ ... Stars too but it seems that they were more caught in the crossfire of UB's crap.

Costa Rica OIJ raids PokerStars and AP/UB offices in Costa Rica - Poker News - News, Views and Gossip

I find it kinda funny they making such a big deal about what most other countries see as a normal activity and hobby

Excuse me for the players what havent a couunt in this sites thas down slow

good luck to all

Why Pokerstars, FullTilit, and UB being seized. These are the best poker sites on the web

I doubt anyone with money on UB or Absolute Poker will ever see it again, but really, they should have known better!

I only like to withdraw in $100 and greater increments. So I had about $50 at AP/UB in total. Winning another $60 with one of my The Dime coupons that I earned with 1000 player points, bringing my total to $110. I liked the site. Not my favorite, but it wasn't the worst. Sad if they are allowed to rip off player funds by claiming bankruptcy. Maybe laws and regulations need to be passed.

laws and regulations are gov. takeover. Other than insider cheatin a couple years ago they were great. Wonder why Helmuth left in Dec.

This isn't something new but I hear they will get withdrawn fix from the players before they going bankrupt.

I think you are saying they are going to let players withdraw before they go under? I seriously doubt that.

The bad news of online gaming just keeps roooooolling in

I lockoily only had $10 at UB and like 12 AP but still thats $22 i could be putting to my virtual horse racing, hell thats still legal

This is a bs site, and it was a big problem anyways.

Good Riddence to AP/UB

It can only be a matter of time before they are gone and we can close that chapter of online poker.

said it before and ill say it again, US govt is blowin us on this one

Are you Cereus? I found out some old info, maybe 2 months old, but it was hilarious to me. I heard Victory poker was going to move off the Cake network, since Doyle's was gonna leave there. The plans were to move to the network that AP/UB is on, Cereus. They were on their way to go sign the paperwork and before they could AP/UB got their funds confiscated. So this sealed Victory's fate to shut down. The grass is not always greener on the other side.

Why anyone would want to have their name associated with those two scam sites is beyond me. Nobody wants to shut down, but if the alternative is teaming up with thieves, better to close shop and start anew. Sounds like Black Friday was a good thing for at least one poker site.

95% sounds about right. Poker scout reported a 24 hour peak of 138 cash players on the site. That's pathetic. The way they ran the business though, they deserve it. Maybe not this soon, but eventually, I think they should have disappeared.

go to hell Cereus network...u suck dick bukkake faggots

I have 15$ at Absolute and 18$ at UltimateBet, I'm pretty sure I'll never get that money.

pretty sure you are right about us getting our monies

:( i didnt play at UB or AP but still ugh messed up :(

Oh NO!!! I have money at both Absolute and Ultimate Bet, but under 50$ at each room, so I can't ask for a withdrawal... would need to deposit to do so, or play to get my balance over 50$... but still, maybe I won't get paid.