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Article: Absolute Poker, UB Players Could Be Repaid 15 to 20 Cents on the Dollar

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  1. Dan Dan is online now Administrator

    Posts: 5,247
    Joined: May 06

    Dec 21st, 2011 (12/21/2011 9:30pm)

    You can view the page at http://www.pocketfives.com/content.p...-on-the-Dollar
     
  2. DipesLIVES DipesLIVES is offline

    Malta

    Posts: 190
    Joined: Aug 11

    Dec 21st, 2011 (12/21/2011 9:39pm) in reply to Dan

    this is pretty awful...does this mean 0% chance people get paid more than the 20%?...even over a very long period of time?
    103 
  3. Adam Adam is offline Emperor

    Atlanta, GA
    United States

    Posts: 12,629
    Joined: Dec 04

    Dec 21st, 2011 (12/21/2011 9:41pm) in reply to DipesLIVES

     
    Originally Posted by DipesLIVES View Post

    this is pretty awful...does this mean 0% chance people get paid more than the 20%?...even over a very long period of time?


    I wouldn't say anything means 0% or 100% chance of anything. But it seems very unlikely that payouts will exceed 20 cents on the dollar. The payouts are said to be happening over multiple rounds, but I don't have information about when this process will start
     
  4. Fishplayer Fishplayer is offline

    Las Vegas, NV
    United States

    Posts: 16
    Joined: Nov 10

    Dec 21st, 2011 (12/21/2011 9:44pm) in reply to Adam

    shit ill take it.
  5. in u wallet in u wallet is offline

    Posts: 10
    Joined: Nov 06

    Dec 21st, 2011 (12/21/2011 9:48pm) in reply to Fishplayer

    Well damn when i deposited on the sites i didnt get any kind of discount like that, but as we all know guess its better than not getting anything back at all.:(
  6. agilles agilles is offline

    Posts: 342
    Joined: Oct 08

    Dec 21st, 2011 (12/21/2011 9:52pm) in reply to in u wallet

    Annie Duke must be behind this ...
  7. pedroarmenio pedroarmenio is offline

    São Paulo
    Brazil

    Posts: 36
    Joined: Sep 10

    Dec 21st, 2011 (12/21/2011 10:19pm) in reply to agilles

    That is absolutely awful.I have $3K in that stupid network. I am not from the United States (and even if I was, I'd be complaining the same way) and I'm being affected anyway.This is STEALING.
    845 
  8. Gameslut Gameslut is offline

    Venice, CA
    United States

    Posts: 28
    Joined: Dec 06

    Dec 21st, 2011 (12/21/2011 10:35pm) in reply to pedroarmenio

    In the end...we're all donators.
  9. Deuce2High Deuce2High is offline

    United States

    Posts: 343
    Joined: Oct 06

    Dec 21st, 2011 (12/21/2011 10:41pm) in reply to Gameslut

    No way they pay over 0.10/1
     1
  10. Crystal extacY Crystal extacY is offline

    Posts: 342
    Joined: Apr 10

    Dec 21st, 2011 (12/21/2011 11:10pm) in reply to Deuce2High

    omg i hope this does not happen to ft
  11. pokerscrub1 pokerscrub1 is offline

    Darlington, SC
    United States

    Posts: 545
    Joined: Feb 10

    Dec 22nd, 2011 (12/22/2011 12:06am) in reply to Crystal extacY

    "CEREUS’ cash game volume has slid 99% over the last year to a seven-day running average of just 11 real money ring game players"

    LOL
     
  12. anton003 anton003 is offline

    Posts: 2
    Joined: Sep 11

    Dec 22nd, 2011 (12/22/2011 12:21am) in reply to pokerscrub1

    Can you plese tell us who inside AP/UB gave you this information? Also, when they claim that players will receive approximately 20% of their bankrolls, are the funds to come solely from the liquidation of Blanca and Cereus cash reserves? Or would that 20% possibly be higher if the DOJ agreed to release frozen funds? Is there any chance that these frozen funds are released?

    What is the timetable for things to start happening?
  13. bustindustin bustindustin is offline

    La Mirada, CA
    United States

    Posts: 78
    Joined: Mar 10

    Dec 22nd, 2011 (12/22/2011 1:02am) in reply to anton003

     
    Originally Posted by anton003 View Post

    Can you plese tell us who inside AP/UB gave you this information? Also, when they claim that players will receive approximately 20% of their bankrolls, are the funds to come solely from the liquidation of Blanca and Cereus cash reserves? Or would that 20% possibly be higher if the DOJ agreed to release frozen funds? Is there any chance that these frozen funds are released?

    What is the timetable for things to start happening?

    +1

    Ya, is there any chance of getting paid more if they liquidate assets? And/ or does the DOJ have frozen funds that could be returned to players as well that could increase the potential percentage?!?!
     
  14. Unbay2k4 Unbay2k4 is offline

    Posts: 157
    Joined: Dec 06

    Dec 22nd, 2011 (12/22/2011 2:12am) in reply to Fishplayer

     
    Originally Posted by Fishplayer View Post

    shit ill take it.

    This is exactly what I was thinking....well of coarse after I laughed for a good minute

     
    Originally Posted by pokerscrub1 View Post

    "CEREUS’ cash game volume has slid 99% over the last year to a seven-day running average of just 11 real money ring game players"

    LOL

    Dude I'd love to know who still plays there. This gives me less faith in the human race

     
    Originally Posted by Crystal extacY View Post

    omg i hope this does not happen to ft

    Just another case of the big companies getting away scott free

     
    Originally Posted by Deuce2High View Post

    No way they pay over 0.10/1

    You should of stopped at " No way they pay" who would ever put money back on this site after a move like that
     
  15. Adam Adam is offline Emperor

    Atlanta, GA
    United States

    Posts: 12,629
    Joined: Dec 04

    Dec 22nd, 2011 (12/22/2011 4:06am) in reply to anton003

     
    Originally Posted by anton003 View Post

    Can you plese tell us who inside AP/UB gave you this information? Also, when they claim that players will receive approximately 20% of their bankrolls, are the funds to come solely from the liquidation of Blanca and Cereus cash reserves? Or would that 20% possibly be higher if the DOJ agreed to release frozen funds? Is there any chance that these frozen funds are released?

    What is the timetable for things to start happening?

    We've really posted all the information we have here. Sorry to say that we can't reveal the names of our sources. I'm not sure how that information would be useful to you, and it certainly wouldn't help with the future possibility of us being able to provide information like this to our readers.

    I don't have information on a timetable or where the funds are coming from. If I had to guess, I'd say it's a combination of UB/AP's assets and funds being held by the DOJ. But I really don't know about that, it just seems logical to me
     
  16. dirtychum dirtychum is offline

    TX
    United States

    Posts: 381
    Joined: Apr 05

    Dec 22nd, 2011 (12/22/2011 6:08am) in reply to Adam

    I'm thrilled...that's 15-20% more than I was expecting.
  17. pimpnuho pimpnuho is online now

    Posts: 159
    Joined: Dec 07

    Dec 22nd, 2011 (12/22/2011 6:09am) in reply to dirtychum

    Told you so! but people had no problem with some people chip dumping country to country. now it is effecting your cash outs!
     
  18. shawnie2dope shawnie2dope is offline

    Rochester, NY
    United States

    Posts: 109
    Joined: May 07

    Dec 22nd, 2011 (12/22/2011 6:50am) in reply to pimpnuho

    6k = 900 bucks siigh. but yes i will take it at this point.. gl us
     
  19. double_kyan double_kyan is offline

    CA
    United States

    Posts: 1,296
    Joined: Jul 08

    Dec 22nd, 2011 (12/22/2011 7:41am) in reply to shawnie2dope

    umm thats weak ,because it's saying paid out over time ? so basically 4 installments at .20 is the value of a nickel on the dollar and thats giving them credit that they can do 4 installment payments ,heck it could be ten installments,just donate what i have owed to the parents of that 2 headed boy in brazil ,i def wont tell u to keep itWHO ARE THE 11 IDIOTS PLAYING CASH GAMES ANYHOW,SOUNDS LIKE THE RAKE COSTS MORE THAN ANY WINNINGSI'M THINKING THESE ARE THE 11 SURVIVORS OF BF, MIGHT AS WELL PLAY TILL RAKE GETS IT ALL WITH ONE GUY LEFT
     1
  20. br_buster br_buster is offline

    Posts: 25
    Joined: Sep 08

    Dec 22nd, 2011 (12/22/2011 7:46am) in reply to pedroarmenio

     
    Originally Posted by pedroarmenio View Post

    That is absolutely awful.I have $3K in that stupid network. I am not from the United States (and even if I was, I'd be complaining the same way) and I'm being affected anyway.This is STEALING.

    THIS
     
  21. whitechoclate whitechoclate is offline

    Dallas, GA
    United States

    Posts: 960
    Joined: Aug 07

    Dec 22nd, 2011 (12/22/2011 10:01am) in reply to br_buster

    This is why I never left more than $100 on any site.
  22. ThaSquirrel ThaSquirrel is offline

    Malta

    Posts: 1,000
    Joined: Oct 09

    Dec 22nd, 2011 (12/22/2011 11:44am) in reply to whitechoclate

     
    Originally Posted by whitechoclate View Post

    This is why I never left more than $100 on any site.

    this is why people like u should be banned...
    people just get news they are gone lose allot of money and u feel the need to post something dumb like this,..

    plz gtfo
    396  
  23. fasteddee74 fasteddee74 is offline

    Eden Prairie, MN
    United States

    Posts: 25
    Joined: Dec 10

    Dec 22nd, 2011 (12/22/2011 1:33pm) in reply to ThaSquirrel

    Who are the 11 dumbest players in Poker? How can this network still be running? I pulled up Absoulute's home page and it shows over 3000 players on the network? What a joke!
  24. payems payems is online now

    Lexington, SC
    United States

    Posts: 343
    Joined: Oct 06

    Dec 22nd, 2011 (12/22/2011 1:34pm) in reply to whitechoclate

     
    Originally Posted by whitechoclate View Post

    This is why I never left more than $100 on any site.

    Cool fucking story bro, sufb.
  25. The Smoking Pimp The Smoking Pimp is online now

    United States

    Posts: 215
    Joined: Nov 11

    Dec 22nd, 2011 (12/22/2011 4:46pm) in reply to MO G Kush

    Thank you USA DOJ, justice was served!!!
  26. desertrex desertrex is offline

    Millville, NJ
    United States

    Posts: 1
    Joined: Apr 11

    Dec 22nd, 2011 (12/22/2011 5:36pm) in reply to The Smoking Pimp

    So can we write off the 80% loss on our taxes this year?
  27. Adam Adam is offline Emperor

    Atlanta, GA
    United States

    Posts: 12,629
    Joined: Dec 04

    Dec 22nd, 2011 (12/22/2011 5:42pm) in reply to desertrex

     
    Originally Posted by desertrex View Post

    So can we write off the 80% loss on our taxes this year?

    If you're a CPA please present that. Otherwise I don't want anyone assuming that you should take any advice on that other than the advice of a CPA
     
  28. opgonbad opgonbad is offline

    Morrison, CO
    United States

    Posts: 163
    Joined: Feb 10

    Dec 22nd, 2011 (12/22/2011 5:48pm) in reply to desertrex

     
    Originally Posted by desertrex View Post

    So can we write off the 80% loss on our taxes this year?

    Money thats not in your bank account isnt technically yours anyway. You can write off loss up to the amount you deposited ($100) then you have to pay on the amount of winnings you actually receive ...ie the 20% they will give you of the $3000 you won..$600. So you would get like $420 after taxes ....bah hahahaha DOJ. What a joke online poker has become. Itll take years to earn that trust back. Oh im not a CPA but have experinced the dry Fk we're receiving
    Edited By: opgonbad Dec 22nd, 2011 at 05:50 PM
  29. iatetheredcrayon iatetheredcrayon is offline

    Austin, TX
    United States

    Posts: 1,722
    Joined: Mar 06

    Dec 22nd, 2011 (12/22/2011 9:15pm) in reply to opgonbad

    BWAHAHAHAH CEREUS SCAMS EVERYONE ONE LAST TIME. Seriously...fool me once, shame on me. Fool me twice, shame on me. FOOL ME THREE TIMES?!?
  30. Gforce786 Gforce786 is offline

    Posts: 497
    Joined: Aug 06

    Dec 22nd, 2011 (12/22/2011 10:29pm) in reply to iatetheredcrayon

    and those scammer's actually leave the site open so they can continue to steal players money.
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