2012 Aug 14

Feds Seek Third-Party Claims Administrator for Full Tilt Poker Refunds

The Department of Justice is seeking help from a third-party payment processor to oversee the Full Tilt Poker remission process for customers in the U.S.

According to an employment notice listed the Department of Justice website, the government is looking for a “claims administrator” to help with the repayment of Full Tilt Poker players. The description of the position calls for the selected party 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 above complaint.”

To accomplish the remission process, the claims administrator will obtain and evaluate information from claimants, and analyze information contained in user account records at Full Tilt Poker.

All interested parties for the claims administrator position have until Aug. 31 to submit an application. That likely means players will be forced to wait several more weeks before information about the remission process is made public.

Last week, the Poker Player’s Alliance (PPA) issued a letter to the DOJ in which it recommended a path to repay all FTP players. The government estimates there are approximately 1.3 million people in the U.S. who had money stuck on Full Tilt Poker. The balances of those players account for around $159 million. The DOJ stated that it will repay all FTP customers in the U.S. after PokerStars forfeited $547 million to the government in order to acquire the assets of FTP last month.

In addition to urging that players’ balances be returned, the PPA has called for clear processes to address withdrawals that were deducted from balances but never sent; bounced withdrawal checks; unused tournament tokens; and FTP points.

Meanwhile, PokerStars has agreed to pay an estimated $184 million to players outside the U.S. as of June 29, 2011. The repayment process will be concluded by Nov. 6, 2012, according to a statement made by the company last week.

Get all the latest PokerNews updates on your social media outlets. Follow us on Twitter and like us on Facebook now!

Follow Brett Collson on

Feds Seek Third-Party Claims Administrator for Full Tilt Poker Refunds

Feds Seek Third-Party Claims Administrator for Full Tilt Poker Refunds


No comments yet. Be the first to post one!

Copyright 2011 @ ChronicPoker.com | PokerBro.com | CardWhores.com


BUY TWITTER FOLLOWERS | FACEBOOK FANS | YOUTUBE VIEWS | SOCIAL MEDIA MARKETING CAMPAIGNS    Justin Bieber costume WIGS | Justin Bieber Halloween Costume    SEO Jacksonville Florida    Personal Injury Attorney Jacksonville Florida    Orlando Plumber    Guns Transfers Jacksonville Florida    Jacksonville Dermatology    Iphone Repair Jacksonville Florida    Jacksonville Landlords    SEO Free Link Directory    World Wide Link Directory    Top Directory's List    Find A Lawyer    Directory    Find A Lawyer in California    Free Backlinks    Swip Swap Directory    Anime Directory    Naruto Shippuden Screenshots    Free PNG    Nicolas Cage is a Vampire    Xat Chat Backgrounds    AFI Vinyl    Concrete Pumps     Virgin Island Jazz Guitar    Denied Disability Help    POKER | ONLINE POKER | POKER SITES | POKERSTARS | DEPOSIT BONUS | FREE    Download YouTube Videos? | Steal You Tube Movies | youtube video downloader    UFC 120 LIVESTREAM | BET ON UFC 120 FIGHTS | 120 LIVE STREAM | FREE UFC 120 STREAM    Flights from LAX | Fly to Los Angeles | L.A. Plane tickets Prices    High PR Directory    igotitfrom.com    FREE Link Directory    Add FREE Link    Aged Domains For Sale    ADD URL Directory