In Case You Haven't Already, Sign Up For Email Updates On The Full Tilt Compensation ProcessGarden City Group Says Remission Process To 'Begin Shortly' |
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Last week the Department of Justice released a much anticipated announcement on the hiring of a “claims administrator” to assist with paying victims of the alleged Full Tilt Poker fraud occurring pre-2012. The amount owed is about $159 million.
Garden City Group Inc., a subsidiary of the much larger claims management firm Crawford & Company, was selected by the federal government. Garden City Group, founded in 1984, is headquartered in Lake Success, New York (office building pictured above).
Manhattan U.S. Attorney Preet Bharara said in a statement last Wednesday: “The Garden City Group brings a track record of handling the administration of some of the country’s largest and most complicated settlements. With their selection, we take a significant step forward in the process of compensating victims of the Full Tilt Poker scheme.”
According to the DOJ, Garden City Group worked on the Visa Check/MasterMoney antitrust litigation and the WorldCom securities litigation, just to name a couple.
The group has set up a website (FullTiltPokerClaims.com) to provide information to victims. Sign up for email notifications on the remission process right here.
Information is also available from the toll-free hotline number at (866) 250-2640.
The group said that the process of getting paid will “begin shortly.” “Petitions for Remission” will eventually be submitted electronically through aforementioned website.
The money is there to repay former American customers of Full Tilt Poker thanks to a July settlement with PokerStars that netted the government more than $500 million.
It’s still unclear how much players will be compensated and whether they will be refunded based on the amount they deposited into Full Tilt Poker over a certain period of time or the amount they had in their accounts when the site was closed in April 2011.
The Poker Players Alliance said it has been working with the feds on these ongoing concerns (it seems most want account balances) and had this to say in a Tuesday statement:
“PPA made the case that we players we are victims of a fraud deserving remission and explained why remission should be based on our balances versus our deposits. Seeking to streamline the application process, we also shared what players should reasonably be expected to have in terms of documentation. And, PPA is still there making our case.”
Stay tuned to CardPlayer.com for more updates.
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