ANOTHER ROUND OF FTP PAYMENTS FROM US DOJ
16th March, 2015 at 18:44:43
Garden City Group prepares to make payment on some disputed petitions
The US Department of Justice Asset Forfeiture and Money Laundering Section has approved a new round of payments that will see Petitioners who have disputed their Full Tilt Poker (FTP) balances receive payments.
Administrators Garden City Group (GCG) said payments will also be made to "Petitioners who have confirmed their FTP Account Balances and recently cured deficiencies".
This payment round will include around 3,500 Claims totalling around US$ 2.8 million, GCG confirmed and is expected to be complete by the end of this month.
The only disputed petitions in this batch which have been approved by the Department of Justice are those that:
1. are of $500 or less, or
2. a dispute between $500.01 and $2,000, if the difference between the FTP Account Balance and the disputed amount is 20% or less.
According to the GCG advisory on fulltiltpokerclaims.com, all other Petitions with disputed amounts are still under review and, if found to be valid, will be paid in upcoming distributions.
Related News Tags: Full Tilt, Usa Legislation