Last week, Joon H. Kim, United States Acting Officer for the South Area of New York informed that some players who fulfill the conditions that have been out of pocket for 6 years can file a claim to get their money back again after the government takes over the assets of several online poker companies , including Absolute Poker and Ultimate Bet.
Players who are kept in AP, but subsequently unable to get their money, may have the right to withdraw their funds via the Garden City Group visit KingPoker99 who are detained by the FBI for disbursing funds under civil plunder provisions.
The DOJ charged Absolute and the other defendants as client representatives who deposited funds as being “safe, secure, and available for withdrawal at any time.” The department explained that the AP was not keeping funds at a level that could compensate all players.
Full Tilt Poker and PokerStars ended the same indictment in 2012 and anyone who goes through the process should be able to trust the same way to get their money back from AP assets. According to the DOJ, the 3 companies conspired with payment processors as well as both to defraud players. Of course, the DOJ says nothing about the liquidity strength of online suppliers when they go to serve loyal customers instead of taking over their domains.
The settlement with Absolute Poker took place in July 2013. Based on the settlement provisions, Absolute Poker is obliged to forfeit all of its assets and money will be allocated between some of the affected players.
The initial requirement for compensation is to have a minimum of one cent in your account when payment processing is stopped. If the asset (settlement fund) passes the entire claim, everyone will reclaim all of their money, otherwise the amount will be ranked with all claimants who received the normal amount based on the available funds.
“Affiliates” and “Career Players” will be compensated using other calculations. All claimants must provide proof of purchase, but that would be easy for some of the reasons they were already in the database with the amount of compensation decided. If you agree to the amount shown when filling out the online form, no further proof is required.
If you do not agree with the amount, you will be asked to submit documents providing support for the balance you have received. Documentation of it
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