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Message: [QUOTE="Debi, post: 1936109, member: 13937"] At last!! PokerStars buys Full Tilt Poker and we will get our money back - you can all be happy now! Full Tilt will be forfeiting all assets to the US government who will then in turn transfer some of those assets to Pokerstars. Pokerstars wil refund money to non US players within 90 days. US players will be refunded separately by the US government. Pokerstars expects to have Full Tilt Poker back up and running within 90 days. Details can be found here: [URL]http://diamondflushpoker.com/2012/07/pokerstars-acquires-full-tilt-poker-assets-doj-agreement-complete/[/URL] "Provided for in the deal, PokerStars agrees to forfeit the amount of $ 547,000,000. to the US government over three years. By doing so, all civil forfeiture and money laundering claims, as specified in the amended civil complaint against all named PokerStars companies shall be dismissed with prejudice." "US players with account balances outstanding, will be compensated separately. U.S. victims of the offenses allegedly committed by the FTP companies or other members of the FTP group as put forth in the amended civil complaint, shall have the opportunity to file a petition for remission with the U.S. Department of Justice, Asset Forfeiture Money Laundering Service (AFMLS), taking into regard the PokerStars forfeited funds, to seek compensation for their losses. The value of the remission applications is expected to be approximately $ 150 million. For clarity of compensation purposes, US players and “rest of world” players shall be categorized based on their verified and approved locations on the Full Tilt site as of April 14, 2011." "At this time, a specific date for relaunch of the former Full Tilt Poker site is unclear, but PokerStars sources confirm that it’s a priority to see this happen as soon as possible, certainly within the prescribed 90 day time frame as set forth in the agreement." And from Pokerstars: [URL]http://www.pokerstarsblog.com/corporate_blog/2012/pokerstars-settles-with-united-states-doj-096492.html[/URL] "We plan to re-open the Full Tilt site and, most importantly, we will make available all funds for players outside the U.S. within 90 days of the formal close of the deal, which will occur in the next seven days. The money paid to the US Government will in part be used to reimburse former Full Tilt Poker customers in the United States, through a remission process to be administered by the Department of Justice." "Paying back Full Tilt players was a key component in our agreement to acquire the assets. This is not only important to the individual players who have had their bankrolls tied up for more than a year, but it's also vital to re-building trust in online poker and instilling confidence in the global poker economy. It's too early to begin disclosing many details about our strategic plans for Full Tilt, but our first order of business is to re-open the site, pay back all of the players and begin rebuilding Full Tilt's reputation. Going forward, we will operate Full Tilt as a separate brand, giving players another leading and trusted platform to enjoy the game. The re-launched Full Tilt site will bring back the innovative features, the authentic poker and the cutting-edge software that made it so popular with millions of players worldwide." And the DOJ Press Release: [URL="http://www.justice.gov/usao/nys/pressreleases/july12/pokersettlement.html"]http://www.justice.gov/usao/nys/pres...ettlement.html[/URL] [/QUOTE]

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