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Most Full Tilt players will 'get nothing'
Poker NewsOctober 11, 2011 THE vast majority of Full Tilt Poker players owed cash will get nothing when the company is rescued, it was claimed today. A French investment company is on the verge of an ambitious takeover of the site, which has been shut to both American and European players for months. But although Groupe Bernard Tapie is considering handing some players equity in the new-look group, that offer may only...
Full Tilt Poker denies Ponzi allegations
Poker NewsSeptember 22, 2011 FULL TILT has rejected claims by a US prosecutor it was a 'global Ponzi scheme' that used phantom money to pay players. A lawyer for the collapsed poker giant last night admitted the company had made financial errors - but denied the shocking claim. Jeff Ifrah, a Washington attourney representing the firm, said: "I disagree strongly with the allegation that FTP operated as a global Ponzi...
Fill Tilt let players gamble 'phantom' money
Poker NewsSeptember 21, 2011 Full Tilt Poker was crediting some player's accounts with money that didn't exist at the time it was shut down, prosecutors claimed yesterday. Manhattan U.S. Attorney Preet Bharara said in a new filing yesterday that Full Tilt payment processing was so poor that poker players routinely gambled, and lost, cash that wasn't 'real'. It read: "Full Tilt Poker allowed players to gamble with - and...
AGCC statement on Full Tilt Poker
Poker NewsAugust 8, 2011 On 15th April 2011, the US Attorney for the Southern District of New York and the Assistant-Director-in-Charge of the New York Field Office of the FBI announced the unsealing of an indictment against 11 individuals, including some connected to Full Tilt Poker (“FTP”), alleging bank fraud, money laundering and illegal gambling offences. The AGCC, which licenses FTP, began...
Full Tilt news: Site repays $250k poker license
Poker NewsAugust 8, 2011 FULL Tilt poker players are a step closer to getting their money back after the company paid $250,000 it owed in licensing fees. The poker site, which has been shut to both American and European players for months, made the outstanding payment to the Alderney Gambling Control Commission (AGCC). It means talks can now resume in a bid to either have the company's assets unfrozen - or enable a...
Full Tilt Poker players face two month wait for their money
Poker NewsJuly 29, 2011 FULL TILT players won't get any money back from the frozen poker website until September at the earliest. The poker behemoth has been shut to US players since 'Black Friday' - April 15 - and to those in the UK since June 29, when the Alderney Gambling Control Commission suspended its licenses. But the AGCC's decision to postpone this week's hearing into the company's business activities...