Full Tilt Poker Payments Arrive for U.S. Players

http://www.pokerupdate.com/news/the-full-tilt-saga/full-tilt-payments-arrive-for-u-s-players/

by whbk • 12 years ago

62 32 12 years ago

mathattack• 12 years ago

Wow - I'm surprised that there would be any money left after all the legal wrangling.

iSloth• 12 years ago

There wasn't any money - PokerStars agreed to buy the shutdown Full Tilt Company, Infrastructure and Assets in full, then re-pay all the customers of Full Tilt our of their own pocket, mainly to stop the DOJ chasing after Pokerstars as well.

Phlarp• 12 years ago

Part of me wonders if the same type of strong arming will start to happen with bitcoin.

ngokevin• 12 years ago

After filing for my claim in November, I got mine back yesterday (http://ngokevin.com/blog/poker11/). It shows up in my bank account as "Doj Poker Stars".

downandout4• 12 years ago

Well that only took ~3 years. Thank you US Attorney Preet Bharara. I appreciate you protecting me from....me.

differentView• 12 years ago

I would have lost it all. Now, where can I buy some lotto tickets.

downandout4• 12 years ago

Those are taxed, so that's perfectly OK.

marvin• 12 years ago

By confiscating all your money, no less. Protecting and serving.

hackerboos• 12 years ago

Don't forget empowering organised criminals.

tzs3• 12 years ago

Do you like anything he does? He seems to have a pretty good record [1].

[1] http://en.wikipedia.org/wiki/Preet_Bharara

ps4fanboy• 12 years ago

Hes also the one who subpoenaed Mt.Gox http://www.reuters.com/article/2014/02/27/us-bitcoin-subpoen...

downandout4• 12 years ago

Define "good". Obtaining oppressively long sentences for non-violent crimes isn't "good" for anyone imo. His brother made $500 million selling diapers. The world would be a better place if Preet were a diaper salesman like his brother instead of doing things like ensuring that poker players have to play illegally. The worst part is that he does all of this for one thing: camera time. He is angling for elected office on the backs of those whose lives he has destroyed while pursuing prosecutions that increasingly stretch the boundaries of criminal law.

whbk5• 12 years ago

Got mine this morning, 1048 days later. Nice, but hardly makes up for this whole ordeal, yet another reminder of just how free the "Land of the Free" we live in is.

Crito• 12 years ago

I don't suppose there is any chance that they at least gave you some interest for your troubles?

whbk5• 12 years ago

Oh of course not, and I'll likely be treated to an audit to boot. People were selling their FTP balances for extremely low amounts (.20 on the dollar at one point?) though, so while ridiculous I'm still on cloud nine. Someone stole thousands of dollars from me and I got it back..not everyday that happens :)

llamataboot• 12 years ago

I haven't heard anything about my claim yet aside from getting the "claim approved" email back in the fall. Should I be worried?

mbrameld• 12 years ago

I hadn't heard anything since that email until the 24th of this month when they sent an email saying my claim would be deposited in the next week. It was deposited today.

whbk5• 12 years ago

A bit more background for the uninitiated: http://t.co/GT8YsOZlrT

1ris• 12 years ago

Link goes to http://espn.go.com/blog/poker/post/_/id/1528/green-friday-ft...

Sambdala• 12 years ago

I'd like to make the point that PokerStars paid for these payments and offered to pay the players directly and immediately.

However, this offer was rejected, and instead PokerStars paid the amount of the balances (I'm not sure about any fees, etc), and then the players needed to wait until now to receive payment.

Rest of world customers of Full Tilt were able to receive payment from PokerStars long before now.

Edit: For transparency's sake, I do work for PokerStars, I don't speak for them, and I wasn't directly involved with any of the US/DOJ stuff.

whbk5• 12 years ago

Please share the thanks of a grateful nation (or at least the poker playing portion :)) with your coworkers. Mentioned this in a Twitter rant about this whole ordeal, but to this day PokerStars is the best company I've ever dealt with regardless of industry. I wish I could continue to give you guys my business. Thanks for protecting us from our disgraceful government.

ptmx• 12 years ago

As someone who was affected by this (non-U.S.), I have to say I was very satisfied with how PokerStars handled everything. When Full Tilt was shut down I essentially treated the funds I had on there as a write-off, and was delighted by the windfall of actually being reimbursed some time later.

thret• 12 years ago

DOJ has effectively removed all of that lucre from the poker economy. I was hoping the US players wouldn't be paid back until they could play online again. It would have been much better for the rest of us if their Tilt/Stars accounts had simply been credited with the money like everyone else.

Of course that's an entirely selfish point of view.

Full Tilt Poker Payments Arrive for U.S. Players

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