Full Tilt - U.S. players refund process set to start in January 2013

21 November 2012

Last week, the future looked pretty black for U.S. players that still have their funds held at Full Tilt Poker.

According to a statement signed by John Pappas, executive director of the "Poker Player Alliance", who had meeting with members of the DoJ, the refund process sounded like something quite distant. The main stumbling block was that the DoJ had not yet a person in charge for managing payments and refunds.

Well, today it seems that "rains a little less" for the group of Americans with funds held in FTP, as the U.S. Attorney's Office for the Southern District of New York has issued a statement through his website, updating the status on the FTP matter:

"The U.S. Attorney's Office for the Southern District of NY is evaluating candidates for the position of Claims and Payment Processor, which will manage the requests for reimbursement of U.S. victims of fraud Full Tilt Poker. Attorney's Office estimates that the candidate will be selected and will start working in January 2013. "

In a way, the announcement from the DOJ is surprising in the sense that this person was announced to be found and able to start working on the issue of FTP money back by 31 August of the year in course.

Still, this latest update should sound like good news for American players with funds blocked in the room. The players may not receive their money as a Christmas gift, but hopefully there will be no more delays and 2013 will be the “year of the settlement”. At the end of the day, still good news as the “poker world” got its money back through PokerStars.

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