DOJ Poker Help Wanted Paying Players Back FTP - Poker Bonus Cards Chat

DOJ Poker Help Wanted Paying Players Back FTP (Online Poker News)

by Poker News, Friday, August 31, 2012, 14:34 (2063 days ago)

Now that PokerStars has completed their buyout agreement of Full Tilt Poker with the US Department of Justice, the process of cashing out FTP players can begin.

The only issue is, those accounts are still in the possession of the DOJ, who must handle the money processing themselves. Sounds easy enough, until it was revealed that there are as many as 1.3 million “potential US victims” with frozen Full Tilt accounts that need to have their funds released.

In response, the Department of Justice is now looking to bring in additional staff to sort through the high volume of requests, as they have just recently posted a notice on their website looking for a “Claims Administrator”. This new position would be solely responsible for overseeing and managing all claims registered from Full Tilt customers.

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On the job posting located on the DOJ website, the responsibilities of the Claims Administrator will be to “design and execute a process to solicit, receive and evaluate claims, and to process payments, for losses incurred by U.S. victims that are attributable to the fraud alleged in the [Full Tilt Poker complaint].”

Overall, Full Tilt customers in total are owed approx. $159 million, which the Department of Justice will easily be able to cover thanks to the $225 million instalment payment they received from PokerStars. So the good news is that the money is there, now it just needs to be extracted and distributed to the proper parties.

In the end, the DOJ will receive a grand sum of $547 million from PokerStars as a result of the sale of Full Tilt to the rival online gaming site. The DOJ hopes to fill the necessary employment positions by September, and are asking that all potential candidates submit their application by the end of August.

The Poker Players Alliance has also stepped up, announcing through PPA member and poker pro Greg Raymer that they are ready to assist the DOJ in any way possible to expedite the return of funds to Full Tilt’s customers. The PPA is concerned that players may have to pay some kind of processing fee in order to see their money returned, and their goal is to help minimise that cost as much as possible.

As of today, the DOJ has yet to releases details on how a player can file a claim, so stay tuned at Cardschat Forums for the latest updates.

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PokerStars, Full Tilt, DOJ, PayBack, Poker Players Alliance, PPA, claim

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