A year later, the Full Tilt player remissions process began and players have received $118 million in reimbursements to date. Funds left over in the kitty from the PokerStars payment will now be used to settle the balances of AbsolutePoker players, the DOJ said. There was no mention of whether UltimateBet players will also be included in the mix.<\/p>\n
\n\u201cAdditionally, the Department of Justice has concluded that players of Absolute Poker who were unable to recover their funds from Absolute Poker are similarly situated to the eligible victims of Full Tilt Poker, in that Absolute Poker, like Full Tilt Poker, did not maintain funds sufficient to repay all of its players,\u201d said Kim.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/strong><\/p>\n<\/blockquote>\nThe process is due to begin soon, he added, and interested parties should keep their eyes on claims administrator Garden City Group\u2019s website (gardencitygroup.com) for an announcement soon.<\/p>\n
It may or may not be a coincidence that the development comes just one month after AbsolutePoker founder, Scott Tom, a fugitive since 2011, finally turned himself in. He is yet to face trial.<\/p>\n
Of the 11 Black Friday indictees, only former PokerStars\u2019 owner Isai Scheinberg remains \u201cat large.\u201d Despite paying more than half a billion dollars in an attempt to make things good, the criminal complaint against Scheinberg remains outstanding.<\/p>\n","protected":false},"excerpt":{"rendered":"
AbsolutePoker\u2019s US victims may yet receive compensation. In a surprise announcement by the DOJ, Monday, Joon H Kim, the Acting United States Attorney for the Southern District of New York, said that a process to \u201ccompensate eligible victims of a fraud committed by Absolute Poker\u201d would begin. It\u2019s almost exactly six years ago that the […]<\/p>\n","protected":false},"author":42,"featured_media":48203,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,10,60],"tags":[],"acf":[],"yoast_head":"\n
DOJ Announces AbsolutePoker\u2019s Victims Will be Paid<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n