Feds Seek Third-Party Claims Administrator for Full Tilt Poker Refunds
Posted at 19:50 2012-08-18 by Brett Collson
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 PokerNetwork updates on your social media outlets. Follow us on Twitter and like us on Facebook now!
PokerNetwork is home to one of the most active poker forums online. With all the latest online poker news from both Australia and around the world, PokerNetwork is your home for the latest and greatest offers.