Full Tilt Poker Refund Update

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Former United States customers of Full Tilt Poker are likely to face a continued wait for their refunds from the site, according to unofficial reports emerging on poker forums. TwoPlusTwo forum poster “Schlucky1” commented Sunday on the results of frequent contact attempts to claims administration firm Garden City Group, selected by the US government to administer the FTP remission process. Former United States customers of Full Tilt Poker are likely to face a continued wait for their refunds from the site, according to unofficial reports emerging on poker forums. The poster reported speaking to GCG representative Lorrie Stall, who offered general information suggesting that between. So I've started playing a little bit of poker, and i've googled the Full Tilt Poker scandal to try and find out as much as I can about it as it always comes out in forums and discussion pages, but I'm still confused as to what it actually was, and who fell out with who in the Poker world. This is a discussion on New Software Update for Full Tilt Poker within the online poker forums, in the Poker Rooms section; Installed the New FT update. I've been messing around with the views. Downloading Full Tilt Poker onto your PC, laptop or Apple Mac is as easy as clicking a button. Everything is done for you and all you have to do is follow the easy instructions given to you. First of all click on Download Now which will take you to the software download page. Winnings won with games that full tilt poker refund news 2013 require deposit, have to be wagered 35x. Bonuses that full tilt poker refund news 2013 require deposit, have to be wagered 35x. Karamba.com Welcome Bonus – 100% bonus on your first deposit up to £50 Unless otherwise stated.

It’s been more than five years since the US Department of Justice shut down the major online poker sites operating in the US. Black Friday in 2011 caught American online poker players completely unaware and cut off from their online poker accounts at Full Tilt Poker.

For 97 percent of complainants, the fight to reclaim that money is now over, including another 1,000 people who received the good news that their remission claims had been approved just six weeks ago.

Full Tilt Poker Refunds Won’t Be Available to All Players Players have been waiting a long time to see refunds on their funds which were frozen in their Full Tilt accounts when the FBI shut down several online poker sites on Black Friday.

The latest round of Full Tilt claims

In October, the Garden City Group (GCG) — selected by the DOJ to handle the remission process way back in 2013 — announced the ninth and likely final wave of refunds to affected players. These most recent payments total approximately $2.7 million.

As the remission process dragged on, and fewer and fewer people waited for their refunds, the poker community’s attention waned. This latest update would have likely gone unnoticed if not for Haley Hintze over at Flushdraw.

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According to an announcement on the GCG website:

“All Petitions have been reviewed and, with this round of payments, approximately 97% of Petitions will have been paid and 3% have been denied. Accordingly, the Petition for Remission process is now closed and filed Petitions will no longer be accepted.”

This brings the total number of refunded players up to around 45,000, and the total amount of money refunded to roughly $114 million. That is roughly 72 percent of the total amount believed to be owed ($160 million) to US poker players by Full Tilt Poker.

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The money paid back for Full Tilt so far

Most of the money was sent in the first wave on Feb. 28, 2014, when GCG sent more than 27,500 players more than $76 million.

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The subsequent rounds of payments have been on a much smaller scale, but altogether total a hefty $38 million:

  • April 1, 2014: 2,200 players were sent $5 million;
  • June 12, 2014: 3,200 players were sent $14 million;
  • Sept. 25, 2014: 600 players were sent $1.8 million;
  • March 31, 2015: 3,500 players were sent $2.5 million;
  • June 4, 2015: 2,000 players were sent $4.3 million;
  • Oct. 5, 2015: 1,900 players were sent $5.5 million;
  • March 11, 2016: 1,180 players were sent $2.6 million;
  • Oct. 28, 2016: 1,000 players were sent $2.7 million.

At the end of the remission process, any unpaid money will be split between the Department of Justice and Garden City Group.

Unfiled Full Tilt remission claims

The total number of players owed money by Full Tilt Poker isn’t known. However it’s likely substantially more than the number of former Full Tilt customers who filed claims.

It’s widely believed that the significant difference between the money owed to US players and the amount repaid during the remission process has to do with a significant number of accounts with small balances that never filed a claim with the GCG, for any number of reasons, including:

  1. Not wanting to deal with the hassle of the claims process for such a small amount of money;
  2. Dormant accounts that were unaware there was a remission process;
  3. Dormant accounts that were unaware they had any money in FTP accounts.

Full Tilt Poker Refund Update 2016

But these small balance accounts don’t account for the entirety of the $46 million or so dollars still unpaid.

Outstanding Full Tilt claims and appeals

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There is still a possibility that GCG and DOJ could approve more of the roughly 1,600 remission claims that have been denied by GCG.

“GCG will continue to work with the Department of Justice to evaluate appeals, and any previously denied Petitions that are determined to be payable will be included in an upcoming distribution,” the GCG Full Tilt remission website states.

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Many of the denied accounts are believed to be sizable, as denied claims were mainly sponsored professionals and large affiliates, along with claims with informational errors.

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However, after several rounds of appeals, spanning a period of nearly three years, it’s unlikely many of these claims will suddenly be approved.

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