Absolute Poker/Ultimate Bet Claims Administration
This is the official website for the Absolute Poker Claims Administration, as authorized by the Department of Justice’s Money Laundering and Asset Recovery Section and the United States Attorney for the Southern District of New York. This “petition for remission” process will operate in a manner similar to the Full Tilt Poker remission process (www.fulltiltpokerclaims.com) and seek to compensate victims of Absolute Poker/Ultimate Bet as it relates to conduct detailed in United States v. PokerStars, Full Tilt Poker, Absolute Poker, et al., 11 Civ. 2564 (LBS) in the United States District Court for the Southern District of New York. Garden City Group, LLC (“GCG”) was previously retained by the United States to serve as the Claims Administrator for the Full Tilt Poker Claims Administration and will now serve as administrator for the Absolute Poker Claims Administration.
The Absolute Poker Claims Administration will operate a claims process for clients of Absolute Poker/Ultimate Bet who, like clients of Full Tilt Poker, were unable to withdraw funds that they had transferred to Absolute Poker/Ultimate Bet.
Information About The Payment Calculation Formula
It has been determined that the calculation formula to be used for the Petition for Remission process will be based on players' last known account balance with Absolute Poker/Ultimate Bet (the “Account Balance”). Note that an alternative calculation methodology will be applied to players who have been designated as “Affiliates” of Absolute Poker/Ultimate Bet and to Professional Players. Account balances from online poker sites other than Absolute Poker/Ultimate Bet are not included in this remission process. Petitioners must also meet all other requirements outlined in 28 C.F.R. § 9.8 to be considered eligible for remission.
If the forfeited funds available for distribution equal or exceed the aggregate Account Balances for all eligible Petitioners, each eligible Petitioner with an approved claim will receive the entirety of his or her Account Balance or approved loss amount. If the aggregate Account Balances for all eligible Petitioners exceed the funds available for distribution, payments shall be made to eligible Petitioners on a pro rata basis.
Please continue to check this website for updates regarding this administration.
JUNE 9, 2017
Petition for Remission Deadline