Absolute Poker/Ultimate Bet Claims Administration
www.AbsolutePokerClaims.com

Absolute Poker/Ultimate Bet Claims Administration

IMPORTANT NOTICE REGARDING PAYMENTS

GCG has been informed that the Money Laundering and Asset Recovery Section of the Department of Justice (MLARS) has approved a second round of payments to Petitioners who confirmed their Absolute Poker / Ultimate Bet account balances prior to the September 7, 2017 filing deadline. The distribution will include payments to approximately 4,600 Petitioners with awards totaling approximately $3.7 million.

Payments will be made via electronic ACH to Petitioners residing in the United States and via foreign currency check to Petitioners residing outside of the United States. In cases where a foreign currency check cannot be issued, the payment will be made via USD check or foreign currency wire depending on the Petitioners country of residence.

Within the next few weeks, GCG will be sending an email notice to all approved Petitioners that contains the amount and method of their payment. For Petitioners scheduled to receive their payment via electronic ACH or foreign currency wire, the email notice will also include instructions for submitting the required banking information needed for payment.

GCG will also be sending an email notice to certain Petitioners who were approved for payment and were identified as having a delinquent debt qualifying for collection through the Treasury Offset Program. Payments for these Petitioners will be reduced in order to satisfy their debt in part or in whole. To receive the balance of their payment, Petitioners must provide GCG with the information required to complete a Unified Financial Management System Vendor Request Form. Instructions on how to provide this information will be included in the email notice.

Specific questions regarding outstanding debts and offset amounts cannot be addressed by the Department of Justice or GCG. To obtain information on your individual debt, you must contact the Treasury Offset Program at (800) 304-3107 or visit https://fiscal.treasury.gov/fsservices/gov/debtColl/dms/top/debt_top.htm for additional information.

Petitioners should continue to check this website for updates regarding the payment process and this administration.

Updated 10/19/17

INFORMATION REGARDING FILING DEADLINE

The deadline to submit Petitions for Remission was Thursday, September 7, 2017. GCG is currently reviewing Petitions that were filed prior to the deadline by Petitioners who confirmed their last known Absolute Poker/Ultimate Bet Account Balance.

Once this review has been completed, GCG will begin reviewing the Petitions filed by Petitioners who are disputing their last known Absolute Poker/Ultimate Bet Account Balance or have submitted their filing as a new Petition (and did not confirm an account balance posted on the online portal).

While these reviews are being conducted, GCG will continue to accept Petitions, but late filings will be subject to review at a later date and at the sole discretion of the Department of Justice.

Please continue to check this website for updated information.

Updated 09/11/17

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.