$5.5M In Additional Full Tilt Poker Money To Be RepaidRemission Process 92-Percent Done, Says Garden City Group |
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The latest round of Full Tilt Poker payments is on its way, which will bring the remission process to 92 percent of completion, according to Garden City Group, the claims administrator hired by the Department of Justice for the case.
Garden City Group said Monday that approximately 1,900 petitions totaling approximately $5.5 million have been approved. This round of money will be going to petitioners who confirmed their FTP account balances, petitioners who have disputed their FTP account balances and petitioners designated by Full Tilt as “Professionals.”
The remission process stems from the site being kicked out of American cyberspace in April 2011. It was later revealed that millions were owed to Americans after the company became insolvent.
Since the remission process began in early 2014, roughly $110 million will soon have been returned to victims of the site. According to the federal government, $159 million was stolen from Americans.
Garden City group said of the remaining money:
“GCG continues to send emails notifying petitioners of deficiencies in their petitions, including petitioners who did not provide required documentation or provided insufficient documentation in support of their petitions, including 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.”
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