Randall McMurphy
Rock Star
Silver Level
The rest of the world got their money a long time ago.
FTP Players to be Paid Based on BF Account Balances. Claims to Begin September 16th
The rest of the world got their money a long time ago.
absoluthamm
<==Poker Face
Silver Level
Same here as Joe. I had never deposited but still had just over 2 grand so I would've been posed
vinnie
Legend
Bronze Level
I am also glad they're doing it based on balances at the time it shut down. I've never deposited on any site, so I would have lost everything if it was based on deposits.
I don't think refunding based on deposits made any sense anyway.
I don't think refunding based on deposits made any sense anyway.
curtinsea
Rock Star
Silver Level
From fulltiltpokerclaims.com . . . .
Important Update About the Start of the Claims Process
Starting on September 16, 2013, GCG will email a Notice with instructions on how to submit a Petition for Remission online to all potentially eligible claimants identified by GCG utilizing data supplied by Full Tilt Poker (“FTP”). The deadline to submit a Petition for Remission is November 15, 2013. Instructions concerning the filing of Petitions will be included in the Notice and will be posted on this website. Please continue to check this website for updates. Please note that the registration process for email notification is no longer available.
GCG, working with the Asset Forfeiture Unit of the United States Attorney’s Office for the Southern District of New York and the Asset Forfeiture and Money Laundering Section of the United States Department of Justice, has completed the review of data provided by FTP. It has been determined that the calculation formula to be used for the Petition for Remission process will be based on players’ final balances with FTP as of April 15, 2011 (the “FTP Account Balances”). Account balances from online poker sites other than FTP are not included in this remission process. Petitioners must also meet all other requirements outlined in 28 C.F.R. § 9.8 to be considered eligible for remission.
If you do not receive an email notice and you believe you are eligible to participate in the remission process, you may file a claim online using the directions that will be provided on this website.
If the forfeited funds available for distribution equal or exceed the aggregate FTP Account Balances for all eligible Petitioners, each eligible Petitioner with an approved claim will receive the entirety of his or her FTP Account Balance. If the aggregate FTP Account Balances for all eligible Petitioners exceed the funds available for distribution, payments shall be made to eligible Petitioners on a pro rata basis.
Important Update About the Start of the Claims Process
Starting on September 16, 2013, GCG will email a Notice with instructions on how to submit a Petition for Remission online to all potentially eligible claimants identified by GCG utilizing data supplied by Full Tilt Poker (“FTP”). The deadline to submit a Petition for Remission is November 15, 2013. Instructions concerning the filing of Petitions will be included in the Notice and will be posted on this website. Please continue to check this website for updates. Please note that the registration process for email notification is no longer available.
GCG, working with the Asset Forfeiture Unit of the United States Attorney’s Office for the Southern District of New York and the Asset Forfeiture and Money Laundering Section of the United States Department of Justice, has completed the review of data provided by FTP. It has been determined that the calculation formula to be used for the Petition for Remission process will be based on players’ final balances with FTP as of April 15, 2011 (the “FTP Account Balances”). Account balances from online poker sites other than FTP are not included in this remission process. Petitioners must also meet all other requirements outlined in 28 C.F.R. § 9.8 to be considered eligible for remission.
If you do not receive an email notice and you believe you are eligible to participate in the remission process, you may file a claim online using the directions that will be provided on this website.
If the forfeited funds available for distribution equal or exceed the aggregate FTP Account Balances for all eligible Petitioners, each eligible Petitioner with an approved claim will receive the entirety of his or her FTP Account Balance. If the aggregate FTP Account Balances for all eligible Petitioners exceed the funds available for distribution, payments shall be made to eligible Petitioners on a pro rata basis.
cardriverx
Legend
Silver Level
don't understand this. pokerstars gave DOJ full amt of player balances, right? I will be angry if we do not get full repayment.
curtinsea
Rock Star
Silver Level
Pokerstars gave the DoJ a round figure, could only be at best an educated guess or approximation. The GCG is going to get a fee that comes out of that figure. Not everyone who is owed money will make a claim . . . some will not think the hassle is worth it, some will hope to avoid being hit with back taxes, etc.
All claims will be tallied at the end of the 60 day period, and whatever that amount is remaining in the fund will be distributed accordingly.
If the total of all claims is say, $150m and the remaining funds available are $138m, then everyone will get 92% of their balance returned. And if the total of all claims is say, $125m and the remaining funds available are $138m, then everyone will get 100% of their balances, and the DoJ will keep the rest.
All claims will be tallied at the end of the 60 day period, and whatever that amount is remaining in the fund will be distributed accordingly.
If the total of all claims is say, $150m and the remaining funds available are $138m, then everyone will get 92% of their balance returned. And if the total of all claims is say, $125m and the remaining funds available are $138m, then everyone will get 100% of their balances, and the DoJ will keep the rest.
RustyChips
Rising Star
Bronze Level
DOJ should of just let Pokerstars handle the FTP payouts when Pokerstars bought them out. Instead we're here Weeks, Months, a Year later ( how long has it been I've lost track), waiting for something. I hope this is the something. I didn't have any good amount on FTP, most of my play was on PS. I feel sorry for all the players that had thousands on there. Fingers crossed.
WVHillbilly
Legend
Silver Level
Yeah it makes no sense since Stars actually gave the DoJ like $550 million. If it's less than full balance the government is cheating you out of $$s.
L
lilnewtdog
Rock Star
Silver Level
If that's the case then we should be able to claim those losses on our taxes. You all know we'll have to claim the earnings.
Especially if we give money to the Republican party, :embarasseI didn't say that.
B
Blue_Fossil
Rock Star
Silver Level
Appreciate the updates. For me, it's only about $300, but it will be nice to have the money back and the issue settled.
Looking back at this...how incredibly incompetent/crooked were the the idiots at the original FTP? This was more screwed up than the DMV.
Looking back at this...how incredibly incompetent/crooked were the the idiots at the original FTP? This was more screwed up than the DMV.
curtinsea
Rock Star
Silver Level
If that's the case then we should be able to claim those losses on our taxes. You all know we'll have to claim the earnings.
I didn't say that.
what 'should' be the case is seldom what is the case. Unless you are filing as a professional, you don't get to 'net' your wins and losses. You pay taxes on wins, period.
vinnie
Legend
Bronze Level
This is semi-true. You are able to deduct your losses, as long as they don't exceed your winnings, if you itemize. You can do this with any gambling income/loss even if you're not a pro.
Of course, if it doesn't make sense to itemize then you're just going to have to suck it up.
Edit: I am not a tax professional, your situation may be different, consult with someone who is knowledgeable about all laws in your jurisdictions, yada yada yada
L
lilnewtdog
Rock Star
Silver Level
Sorry yo, but it is the law to pay your taxes on any gambling income. Not saying you have to or anything just saying. I thought it was something most people have researched and would think it was funny.
We are getting our money from the DOJ wouldn't you think you have to claim that. I don't know 100% but seem ideological, or logical.
cardriverx
Legend
Silver Level
This was posted on Cardschat's FB page. It's good stuff, finally found my exact acct balance.
To get your full tilt poker balance, you'll have to download your account history. I just downloaded mine. Here's how to do it:
• Go to fulltiltpoker.com and download the client.
• Open the client and log in. Your old login credentials should still work.
• Go to "Requests" in the menu bar and select "Account History...(Web)." A web page will open, where you can create a request for your history.
• Select the date range for your request. I chose an end date a couple of weeks after Black Friday (choose something like 5/1/2011) and a start date a few months prior. Once done, click "submit."
• You'll receive an email when the file is ready for download. Mine took just a few minutes.
• Click the link in the email, download the ZIP file from the web page that opens, and simply open the Excel-compatible spreadsheet.
• For your FTP point balance, open the cashier in the client. While our cash balances are not there, our point balances are.
To get your full tilt poker balance, you'll have to download your account history. I just downloaded mine. Here's how to do it:
• Go to fulltiltpoker.com and download the client.
• Open the client and log in. Your old login credentials should still work.
• Go to "Requests" in the menu bar and select "Account History...(Web)." A web page will open, where you can create a request for your history.
• Select the date range for your request. I chose an end date a couple of weeks after Black Friday (choose something like 5/1/2011) and a start date a few months prior. Once done, click "submit."
• You'll receive an email when the file is ready for download. Mine took just a few minutes.
• Click the link in the email, download the ZIP file from the web page that opens, and simply open the Excel-compatible spreadsheet.
• For your FTP point balance, open the cashier in the client. While our cash balances are not there, our point balances are.
P
puppy feet
Rising Star
Silver Level
Wow, thanks for the info. I just did the history request and found out I have almost 1200 dollars on Full Tilt. I had no idea I had that much. I did an email search and found out I transferred 600 dollars from Doyles Room when it closed down to Full Tilt. So glad I joined this forum as I might have never known I had this much cash there. I'm not too much into money or material things. I play poker because it is fun and I'm not a gambler and I hate to lose, so it is an outlet for my brain. Thanks for the info again, I now have a bankroll if this actually gets distributed to me. I'm not holding my breath though.