Denied Petitioners Can Appeal Decision Within 10 DaysPublished on May 9th, 2016 2:42 am EST
Last last week, via FullTiltPokerClaims.com, The Garden City Group, Inc., which is the company responsible for processing the claims for Full Tilt Poker 1.0's forfeited money, announced that 1,500 Petitions had been denied by the Department of Justice Asset Forfeiture and Money Laundering Section.
According to GCG, the rejected Petitioners have been notified via email and will have up to 10 days to dispute the decision.
According to reports, many of the rejected claims are people who were tagged as affiliates. Some of these people were those who signed up as affiliates so that they could qualify for rakeback and were subsequently moved to Rakebackpros.com.
The payment of claims by the Garden City Group has been ongoing for over two years now. According to the company, more than 94% of all filed Petitions, totalling more than $100 million, have been paid out.
The five year anniversary of "Black Friday" recently passed.
In July of 2012, the United States government entered into settlement agreements with Full Tilt Poker and Pokerstars.
In addition to forfeiting $547 million to the United States, Pokerstars also agreed to assume the $184 million liability of Full Tilt Poker's foreign players.
The United States then set about repaying the American customers of Full Tilt Poker 1.0. After the US government hired the Garden City Group, players started receiving their payments in early 2014.
The repayment process still continues, some 2+ years later, though things will likely be winding down to their conclusion shortly by the sounds of it.
Filed Under: Poker Legal Issues