More Full Tilt Poker Money To Be Released3,500 Victims To Receive $2.8M In Total This Month |
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It has been a years-long process, but roughly 3,500 more people will soon be getting their Full Tilt Poker money, the group who is facilitating the remission process said Monday on its website.
Garden City Group said that it was informed by the Department of Justice’s Asset Forfeiture and Money Laundering Section that a new round of payments have been approved. This round is for players who disputed their account balances, as long as the amount in question was less than $2,000. Several thousand poker players believed they had more in their accounts when the site shut down in 2011 than what they were told by Garden City Group. They were right.
In total, $2.8 million will be repaid this month to Full Tilt’s victims. The site’s disgraced former owners—Howard Lederer, Chris Ferguson, Ray Bitar and Rafe Furst—didn’t receive jail time in what the feds once called a “global Ponzi scheme.”
For all players who disputed larger amounts, that money will come at a later time, as long as their claims are found to be valid, according to Garden City Group.
The last Full Tilt Poker remissions came last year. At that time, roughly $100 million had been paid to victims of the former shady online poker site.
According to the federal government, $159 million was stolen from Americans. Many millions of dollars have still yet to reach the hands of victims of the fraud.
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