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Garden City Group Named Claims Administrator for Repayment of Full Tilt Poker Players

On Wednesday, the United States Attorney for the Southern District of New York revealed that Garden City Group (“GCG”) has been hired to serve as Claims Administrator to oversee the repayment of Full Tilt Poker players based in the United States set forth in both the civil money laundering and forfeiture action United States v. PokerStars, et al.

In August of last year, PokerStars settled with the DOJ and as a part of that deal forfeited $547 million to the United States government to repay victims in the United States.

“The Garden City Group brings a track record of handling the administration of some of the country’s largest and most complicated settlements,” said Manhattan U.S. Attorney Preet Bharara. “With their selection, we take a significant step forward in the process of compensating victims of the Full Tilt Poker scheme.”

According to a press release issued by the DOJ: “GCG is a class-action settlement and bankruptcy administration company that has provided comprehensive legal administration services for nearly three decades. GCG has worked on numerous complex administrations, including the Gulf Coast Claims Facility; the Deepwater Horizon Economic and Property Damage Settlement; the Visa Check/MasterMoney Antitrust Litigation; the WorldCom Securities Litigation; and the IPO Securities Litigation.”

While further information regarding the repayment process was not available, the press release did state that a dedicated website, www.FullTiltPokerClaims.com, had been established by the GCG to help facilitate victim compensation and that the “victim claims process will begin shortly.”

Information is also available from the toll-free hotline number at (866) 250-2640.

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Comments

  • hankdahtank hankdahtank

    The guy below me might have trouble claiming his $1k. Someone alert the media!

  • yolapavement yolapavement

    I'm gonna have fun trying to show proof of my 1k cashout on black friday......... Horrible day to chose to cashout. sigh.

  • flintsword flintsword

    The DOJ slow-motion contest to give American citizens their own money back has taken another step forward ... proof that the process is actually ongoing. It will be interesting to see what percentage the administration group takes off the top and how long the process takes. I predict (legal) highway robbery on a grand scale once the process begins so everyone get ready for a really interesting (creative) process where the name of the game is to punish financially adult U.S. citizens that dare to play poker online.

    I am sure that every poker player feels safer knowing that the U.S. DOJ is tracking down those evil online poker players instead of the growing membership of organized crime, the exploding drug cartel distribution population, & violent crime.

    Cynical? Yes, but in every other civilized country regulations control a growing industry of online poker, creating a serious river of tax revenue into government coffers. Where are some of the great U.S. poker players today? Some are playing in the number one gambling and playing city in the world ... and no surprise it is no longer Las Vegas ... it is Macau. Well done DOJ, well done.

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