Nice! And I never even had to use my one time.

 

Originally Posted by Cbank32

so assuming ftp email support is as bad or worse than it used to be, how do those of us that moved out of the US figure out if we can withdraw as ROW players or US players?

Your status is whatever you were as of April 14 2011

 

Originally Posted by SpankyHamm

100% this lol

pretty sure the party is at blair hinkle's house tonight

Any word on whether there will be charges against anyone else coming out of this? (i.e. FTP Pro owners)

 

Originally Posted by supra1988t

They mention us players will be compensated for their losses, this means account balances correct?

So I'm the only one worried about how they worded this?

PocketFives' recap of the deal:
http://www.pocketfives.com/articles/...p-down-587632/

We'll be publishing additional front page feature content today as well. Of note from PokerStars:

PokerStars will not admit any wrongdoing, which seemingly opens the door for the site to reenter the U.S. market when legislation exists. To that end, PokerStars Chairman of the Board Mark Scheinberg commented in a company press release on Tuesday, "We are delighted we have been able to put this matter behind us, and also secured our ability to operate in the United States of America whenever the regulations allow."

Wonder if this is the form we'll be using...

http://www.justice.gov/criminal/afml...-remission.pdf

edit: nvmd: looks like remission would not apply here

 

Originally Posted by rambodave

Sure hope Lederer and Ferguson don't get off scott free!

Well not entirely free at least..

Andrew Feldman ‏@AFeldmanESPN
Online FTP balances of Lederer, Furst, Bitar, Burtnick, Ferguson will not be returned.

from the DOJ AFMLS page(not sure if restoration would apply since they indicate a criminal conviction needs to have taken place first - not sure if that means convictions of those previously holding the forfeited assets or convictions of anyone involved in the criminal violations that caused the assets to be forfeited):

What is restoration?

Restoration is used when the Attorney General, at the request of a U.S. Attorney, authorizes the use
of forfeited funds to pay restitution to the victim of a criminal offense. Forfeited funds may be
applied to the restitution order only if no other funds are available to fulfill the defendant’s
restitution obligation. The victim generally must meet the regulatory requirements for remission as
explained below.

How does restoration work?

The U.S. Attorney’s Office works with the Court to identify the victims of the crime to be included
in the criminal restitution order. Following entry of the restitution order, the U.S. Attorney requests
that AFMLS approve restoration and transfer to the court funds forfeited in the same and/or related
civil, criminal or administrative forfeiture proceedings.

What are the primary benefits of restoration?

Restoration eliminates the need for each victim to file a petition for remission, which is particularly
beneficial in large multiple-victim cases. In addition, restoration requests are generally processed
faster than petitions for remission.

Is a victim defined differently for purposes of restoration than for remission?

No. A victim under the restoration procedures must meet the same qualifications as a victim
pursuant to the remission process: a person who has suffered a pecuniary loss as a result of the
crime underlying the forfeiture or a related offence. Therefore, the restitution order must list the
same victim(s) and loss amount(s) as would have been determined through the remission process.

Who cannot qualify as a victim?

A person cannot qualify as a victim if he/she:
• Knowingly contributed to or benefited from the offense underlying the forfeiture or was
willfully blind to it, or
• Has recourse to other reasonably available assets or compensation, or
• Seeks recovery for torts or physical injuries associated with the offense but are not the basis
for the forfeiture

DOJ press release. Lots of info in here:

http://www.justice.gov/usao/nys/pres...ettlement.html

There was also a settlement reached between the DOJ and Absolute Poker today, which is outlined at the end of the DOJ press release. Summary: "The U.S. Attorney’s office also filed a motion requesting that the Court enter a settlement agreement reached with Absolute Poker/Ultimate Bet that requires the company to forfeit all of its assets (the “Absolute Assets”) in order to fully resolve this action. The motion also requests that the Government be permitted to liquidate the Absolute Assets, with the net proceeds of that sale to be held pending the resolution of claims filed by other parties who have asserted an ownership interest in the Absolute Assets. "

 

Originally Posted by supra1988t

So I'm the only one worried about how they worded this?

I'm speculating that it may have been worded that way so that people who owe FTP money from unfunded deposits can't withdraw their entire balances. Pure speculation on my part, but it seems likely that they would include something along those lines.

edit: or perhaps it was left more generic than balances since it will include FTP points, tickets, and other similar things

 

Originally Posted by Geoff Moore

maybe I am dumb, but what else could players be compensated for if not their account balances?

FPPs.


I just hope I get my $ in time to do some serious Halloween shopping

 

Originally Posted by s1nnr

Woooohoooo! I can finally withdrawal and mail a check to
Pghfan... Lol

woo. and fenway can ship me my 1k