Full Tilt Poker Claims Administration
This is the official website for the Full Tilt Poker Claims Administration, as authorized by the United States Attorney for the Southern District of New York. This administration is the result of the settlement agreement and resulting forfeitures resolving the allegations in the amended civil forfeiture complaint in United States v. PokerStars, et al., 11 Civ. 2564 (LBS), pending in the United States District Court for the Southern District of New York. The Garden City Group, Inc. ("GCG") was retained by the United States to serve as the Claims Administrator of the forfeited funds.
INFORMATION REGARDING UPCOMING PAYMENTS
AND DEFICIENCY NOTICES
GCG has been informed that the Department of Justice Asset Forfeiture and Money Laundering Section has approved a new round of payments, which will include payments to Petitioners who have disputed their FTP Account Balances, Petitioners who confirmed their FTP Account Balances and Petitioners designated by FTP as “Professionals.” In all, the distribution will include approximately 2,000 Petitions totaling approximately $4.3 million. After this round of payments, we will have paid approximately 87% of all Petitions filed.
GCG continues to work with the Department of Justice (the “DOJ”) to evaluate the balance of the Petitions that have been filed. Petitions that are found to be valid will be paid in upcoming distributions. GCG and the DOJ expect to distribute additional payments by the end of the third quarter of 2015.
For further information regarding the payment process and bank testing, please see the updates below.
Please note that GCG will soon be sending emails notifying Petitioners of deficiencies in their Petitions, including Petitioners who provided no documentation or insufficient documentation in support of their Petitions and certain Petitioners who have disputed their FTP Account Balance. Please note that responses will be required within 20 days of the date of the email. Please be sure to check your email account's spam or junk folder to ensure the message was not filtered.
INFORMATION REGARDING PAYMENTS
On March 31, 2015, GCG issued more than 3,100 payments totaling approximately $2.5 million to Petitioners who either disputed their FTP Account Balance and met specified criteria, as outlined below, or who confirmed their FTP Account Balance and recently cured deficiencies. We have now paid more than 80% of all Petitions filed.
Disputing Petitioners who were paid on March 31 met one of the two criteria approved by the Department of Justice: (i) a dispute of $500 or less, or (ii) a dispute between $500.01 and $2,000, if the difference between the FTP Account Balance and the disputed amount is 20% or less. All other Petitions with disputed amounts are still under review and, if found to be valid, will be paid in upcoming distributions.
Please note that while many Petitioners will receive their ACH on the same day that it was issued, depending on the practices of the Petitioner's bank, the ACH may not be received for several business days.
Reminders for certain Petitioners who were not included in this round of payments:
- If you received a notice that your bank account information is incorrect or incomplete, please update your account information online by April 16.
- If you received a notice because you have a debt qualifying for collection through the Treasury Offset Program, please send your completed Unified Financial Management System Vendor Request Form to GCG by April 23.
NOTICE REGARDING UPCOMING PAYMENTS,
INCLUDING PAYMENTS OF DISPUTED PETITIONS
Petitioners Included in the Upcoming Distribution.
GCG has been informed that the Department of Justice Asset Forfeiture and Money Laundering Section has approved a new round of payments, which will mark the commencement of payments to Petitioners who have disputed their FTP Account Balances. In addition, payments will be made to Petitioners who have confirmed their FTP Account Balances and recently cured deficiencies. In all, the distribution will include approximately 3,500 Petitions totaling approximately $2.8 million.
Disputing Petitioners who are being paid this month met one of the following established criteria approved by the Department of Justice: (i) a dispute of $500 or less, or (ii) a dispute between $500.01 and $2,000, if the difference between the FTP Account Balance and the disputed amount is 20% or less. All other Petitions with disputed amounts are still under review and, if found to be valid, will be paid in upcoming distributions.
Information about Payments and Bank Testing
GCG is currently working with the bank selected by the DOJ to set up the payment process. GCG expects to issue payments via ACH by the end of March 2015 and will post further updates on the payment process as they become available. As part of the process of preparing this next round of payments, shortly before payments are issued, Petitioners who are approved to receive payment may notice a zero-dollar transaction in their bank account statement that relates to the Full Tilt Poker Claims Administration. Please be aware that this is a normal part of the bank testing process in preparation for payment of ACHs. However, not all banks post these notices during the testing process, so do not be concerned if you do not receive such a notice and believe you are eligible to receive payment in the upcoming distribution.
Please be advised that there are Petitioners who are eligible for payment in the upcoming round of payments, but who have a delinquent debt qualifying for collection through the Treasury Offset Program. Payments for these Petitioners will be reduced in order to satisfy their debt in part or in whole. A notice will be sent to these Petitioners in the upcoming weeks and will include a Unified Financial Management System Vendor Request Form, which must be completed by the Petitioner in order to receive the balance of his or her payment. Please note that Petitioners who were previously approved for payment and were notified that they had a delinquent debt qualifying for collection through the Treasury Offset Program, but who still have not returned a completed form will not receive payment until a completed form is submitted.
Please continue to check this website for updates regarding the payment process and this administration.
INFORMATION REGARDING DEFICIENCY NOTIFICATIONS TO PETITIONERS
GCG has identified certain Petitioners who previously confirmed their FTP Account Balance but who submitted incomplete or incorrect banking information or an incomplete or incorrect Social Security Number. On October 25, 2014, GCG sent emails to more than 2,200 of these Petitioners with instructions on how to update and correct their Petitions through the online filing site.
Please note that if we do not receive updated, complete and accurate information by November 24, 2014:
- Petitioners with incomplete or incorrect banking information will be sent a check to the mailing address provided with their Petition, should their Petition be approved.
- Petitioners with an incomplete or incorrect Social Security Number will have their Petition recommended for denial. As explained in FAQ Number 17 on this website, prior to the payment of funds to a Petitioner, GCG is required to provide the Petitioner’s Social Security or other Taxpayer Identification Number to the Government, in order to offset and collect any qualifying debts currently listed in the Treasury Offset Program.
If any Petitioners have questions about a notification they received or about this process, please contact us.