An e-mail sent to a PocketFives member, from the Garden City Group, has confirmed that former US players with disputed Full Tilt balances are expected to get their money by the end of March 2015.
Former US players, with disputed Full Tilt balances, are expected to be paid by the end of March 2015, according to an article written by Dan Cypra over at PocketFives.
According to Cypra’s article, a member of the online poker forum, and rankings site, PocketFives, received an e-mail from the appointed Claims Administrator, Garden City Group, stating: “Thank you for your email. GCG is still working with the Department of Justice to evaluate disputed and new petitions. Currently, we do not have an exact timeline for when these petitions will be paid. However, we expect the first distribution for disputed petitioners to occur before the end of March 2015.”
The last time the GCG released payment information was 25 Sep 14 when they announced 600 payments to the tune of $1.8m. This money was handed out to petitioners who had submitted ‘complete, timely or late petitions confirming their FTP Account Balance.’
The next update was released 27 Oct 2014 where players who had previously confirmed their FTP Account Balance, but had screwed up their bank account and/or social security details, were given until 24 Nov 2014 to sort it out or their petition would be recommended for denial.
Despite news of the e-mail coming out via PocketFives, the Full Tilt Poker Claims Administration website has not been updated to officially advise the general public of the March 2015 expectations.
The United States Department of Justice appointed GCG as the official Full Tilt Claims Administrator back in March 2013. Here is the timeline of action since that appointment.
- 28 Feb 2014 – approx. 27,500 payments are made totaling $76m.
- 1 Apr 2014 – approx. 2,200 payments are made totaling $5m.
- 12 Jun 2014 – approx. 3,200 payments are made totaling $14m.
- 25 Sep 2014 – approx. 600 payments are made totaling $1.8m.
Lest we not forget, this whole process was possible after PokerStars agreed to pay the US authorities $547m to acquire the assets of Full Tilt Poker and settle civil charges laid against them.