You’ll recall that, late last month, the Poker Players Alliance(PPA) issued a letter to Lock Poker’s “owners, officers, and managers” asking for the reasons behind prolonged player cashouts, whether Lock Poker segregates player funds, what logic the room uses when processing withdrawals, and its timeline for paying out. Two weeks later, the site has not responded.

PPA Vice President of Player Relations Rich TheEngineerMuny told PocketFives, “The letter wasn’t sent simply to communicate with Lock Poker. To the contrary, it’s an open letter specifically to warn potential players and to inform Lock’s remaining affiliates. PPA will continue informing the poker community of the risk of playing at Lock Poker while putting more direct pressure on their affiliates.”

What should current players on Lock Poker do? Should they continue to fire up virtual tables or avoid the site entirely until clarification is issued on its liquidity and sustainability?

Muny suggested, “Until Lock Poker comes forward with satisfactory answers, PPA recommends that current players educate themselves on the risks involved with Lock Poker and make prudent decisions accordingly. We strongly recommend that Lock Poker players put together and store play and deposit records now in case they are needed later.”

When asked who at Lock Poker the letter was specifically sent to, Muny (pictured) responded that it was sent to “the people identified in the letter” and added, “It was also published openly, ensuring it was received by Lock Poker.”

In the comments section of our original article about the PPA’s letter to Lock Poker, several players reported that their cashouts from Lock were taking a year or more to process, including one of 400 days. One poster commented, “I’m rapidly approaching one year on a cashout. I was thrilled to get 40 cents on the dollar for the rest of my money.”

Does the PPA fear another Full Tilt Poker situation, where the site was insolvent and deemed a “global Ponzi scheme” by the US Government? Some US Players on Full Tilt Poker were separated from their funds for three years, with many more still awaiting a refund.

To that end, Muny told PocketFives, “[Lock Poker’s]piecemeal payouts are of great concern, as this is a key identifier of Ponzi schemes. As the PPA has no way of knowing the current status of Lock Poker, it would be to Lock Poker’s benefit to set the record straight.”

We’ll keep you posted on the latest right here on PocketFives.

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