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Article: Absolute Poker: We are Still in Discussions with the DOJ

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  1. P5s Staff P5s Staff is offline Administrator

    Escazú
    Costa Rica

    Posts: 746
    Joined: Jan 05

    Oct 26th, 2011 (10/26/2011 11:33pm)

    You can view the page at http://www.pocketfives.com/content.p...s-with-the-DOJ
     
  2. bustindustin bustindustin is offline

    La Mirada, CA
    United States

    Posts: 78
    Joined: Mar 10

    Oct 27th, 2011 (10/27/2011 12:51am) in reply to P5s Staff

    "An Absolute Poker spokesperson told PocketFives recently that the site is still working to forge an agreement with the U.S. Department of Justice to return player funds."

    Doesn't that sound like they do or can get the money to pay the players back if the DOJ will let them?
     
  3. Dan Dan is online now Administrator

    Posts: 5,247
    Joined: May 06

    Oct 27th, 2011 (10/27/2011 12:59am) in reply to bustindustin

     
    Originally Posted by bustindustin View Post

    "An Absolute Poker spokesperson told PocketFives recently that the site is still working to forge an agreement with the U.S. Department of Justice to return player funds."

    Doesn't that sound like they do or can get the money to pay the players back if the DOJ will let them?

    Maybe. It could also mean that AP/UB wants the DOJ to free up some of its frozen assets in order to pay players.
     
  4. slidethebutton slidethebutton is offline

    Cleveland, TN
    United States

    Posts: 112
    Joined: Aug 11

    Oct 27th, 2011 (10/27/2011 1:09am) in reply to Dan

    no..it sounds like they're giving plyrs the run around, just like FTP did..sounds like another case of mis-managed funds to me..why wouldn't the doj let them pay players back?..nonsense..almost makes me glad my cash is on ftp, at least they're catching heat, and are calling ppl trying to give out IOU's.. everyone has just forgotten about cereus
  5. adamsapple19 adamsapple19 is offline

    Pueblo, CO
    United States

    Posts: 1,769
    Joined: Nov 08

    Oct 27th, 2011 (10/27/2011 1:20am) in reply to slidethebutton

    "with a seven-day running average of just 23 real money ring game players and a 24-hour peak of 41"Ha unreal.
     
  6. shawnie2dope shawnie2dope is offline

    Rochester, NY
    United States

    Posts: 109
    Joined: May 07

    Oct 27th, 2011 (10/27/2011 1:44am) in reply to adamsapple19

    nothing to see here......
     
  7. Abratzzi Abratzzi is offline

    TX
    United States

    Posts: 785
    Joined: May 09

    Oct 27th, 2011 (10/27/2011 3:00am) in reply to shawnie2dope

    sigh.....
  8. Dan Dan is online now Administrator

    Posts: 5,247
    Joined: May 06

    Oct 27th, 2011 (10/27/2011 3:14am) in reply to adamsapple19

     
    Originally Posted by adamsapple19 View Post

    "with a seven-day running average of just 23 real money ring game players and a 24-hour peak of 41"Ha unreal.

    I called PokerScout to verify those numbers were right, btw. Really slow, as you can tell.
     
  9. barcs69 barcs69 is offline

    Adelaide
    Australia

    Posts: 14
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    Oct 27th, 2011 (10/27/2011 3:27am) in reply to Dan

    Im from OZ and have recieved one 250$ payment since Black Friday. So im not really sure how the DOJ has any bearing on my payments not being processed. My guess is they failed to segregate player funds too
    294 
  10. frizzlefry777 frizzlefry777 is offline

    Posts: 172
    Joined: Mar 09

    Oct 27th, 2011 (10/27/2011 3:33am) in reply to barcs69

    i wonder what levels they are playing at?
     
  11. Pokeraddict Pokeraddict is offline

    Las Vegas, NV
    United States

    Posts: 2
    Joined: Oct 07

    Oct 27th, 2011 (10/27/2011 5:50am) in reply to frizzlefry777

    From your article:

     

    Poker Addict’s article also recommended filing suit against Absolute Poker and UB.

    I went into discussion about the work that it would involve, then drew this conclusion:

     

    This whole scenario would be such a nightmare and even if you prevail, there is virtually no chance you would ever collect anything except a moral victory. It would cost a Fortune to get what would probably be a useless judgment. Even if there are a few dollars left, Madeira Fjord shareholders and the U.S. government would almost certainly be in line ahead of you if there is a liquidation.

    Edited By: Pokeraddict Oct 27th, 2011 at 05:50 AM
  12. double_kyan double_kyan is offline

    CA
    United States

    Posts: 1,296
    Joined: Jul 08

    Oct 27th, 2011 (10/27/2011 6:58am) in reply to Pokeraddict

    i loggd in 1st time in months realizing tht i never told them tht i didnt get tht damn pending cashout that of course is gone from my history[i'm fukd] anyhow over 5k peeps ?????? and 250k bad beat ..seriously wtf gives with this
     1
  13. dendog2 dendog2 is offline

    Athol, MA
    United States

    Posts: 67
    Joined: May 05

    Oct 27th, 2011 (10/27/2011 12:44pm) in reply to bustindustin

     
    Originally Posted by bustindustin View Post

    "An Absolute Poker spokesperson told PocketFives recently that the site is still working to forge an agreement with the U.S. Department of Justice to return player funds."

    Doesn't that sound like they do or can get the money to pay the players back if the DOJ will let them?

    KGC they are a joke ive emailed them many times about ub owing me money from the russ scandel they claimed to hav looked over all my hand histories and found nothing, which is bull ive asked for all my hand histories from that time and surprise never got them. Way to go KGC......... Fing JOKE
     
  14. julesdAA julesdAA is offline

    Maple
    Canada

    Posts: 70
    Joined: Sep 08

    Oct 27th, 2011 (10/27/2011 8:23pm) in reply to dendog2

    Really hope the impending news is good, but it's obviously a longshot sigh
     
  15. pedroarmenio pedroarmenio is offline

    São Paulo
    Brazil

    Posts: 36
    Joined: Sep 10

    Oct 27th, 2011 (10/27/2011 10:40pm) in reply to julesdAA

    That makes me laugh. That's just hipocrisy.They are not even paying players outside the U.S., how come they want to pay players in the U.S.??I have almost $3K on that stupid site and they never pay me back.I find no other reason but this: They spent all our money.. Even if they get an authorization from the DOJ, there are no funds available for them to pay the players back. And as poker players, we have to make some assumptions, and mine is that they are not even TRYING to get an authorization from the DOJ. God, how can they be so dishonest by releasing a statement like that?PatheticShame on you CEREUS

     
    Originally Posted by barcs69 View Post

    Im from OZ and have recieved one 250$ payment since Black Friday. So im not really sure how the DOJ has any bearing on my payments not being processed. My guess is they failed to segregate player funds too

    Agreed
    845 
  16. anton003 anton003 is offline

    Posts: 2
    Joined: Sep 11

    Oct 28th, 2011 (10/28/2011 2:31am) in reply to pedroarmenio

    FWIW--This was posted on Oct.27th by a UB reg on another forum.

    Random e-mail out of nowhere courtesy of sexy Lola

    "Dear GuiGui_88,

    We wanted to email you to give you an update on the status of UB/AP.

    We recognize that there is a considerable degree of speculation surrounding the status of account withdrawals and the process of distributing funds to qualified players. We want to assure you that the distribution of player funds has been, and remains, our highest priority.

    To this end, you should know that we are currently in active discussions with a number of parties about potential sales opportunities, and we continue to work diligently to devise a solution that will allow us to distribute funds to players. This has been, however, a complicated process, and the determination of appropriate mechanisms for the safe and efficient distribution of funds to players has proven to be an especially difficult task.

    Nevertheless, despite a series of formidable obstacles, we believe that we are close to finalizing a well-considered process of distributing funds to players that will be fair for all account holders. We expect, therefore, to issue a statement in the near future, providing the details of this process.

    Please understand that we would have preferred to provide you with more frequent updates. However, ongoing legal negotiations have restricted our ability to communicate publicly. We hope that you will understand.

    We appreciate your patience during this difficult period, and we will provide you with further information at an appropriate time in the near future."
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