Former Absolute Poker players received yesterday some great news after the U.S Department of Justice announced that they have started a claims process for Absolute Poker balances.
“The claims process is organized by the Garden City Group, which also reimbursed the Full Tilt Poker players. To this day, approximately $118 million or ~83% affected Full Tilt Poker players have been paid back through that process”
It is unclear, will the players who had UltimateBet accounts, be also included in the Garden City Group's data. UltimateBet operated in the same poker network with Absolute Poker until April of 2011, when the infamous Poker Black Friday happened and player balances were lost. (READ SO: PREPAID MASTERCARD REMOVED FROM NETELLER & SKRILL)
However, there have been various discussions on Twitter, with some players reporting their UB balances would be indeed included in the data:
Affected players can submit their claims through a dedicated website www.absolutepokerclaims.com:
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 (the “Account Balance”). Note that an alternative calculation methodology will be applied to players who have been designated as “Affiliates” of Absolute Poker and to professional players. Account balances from online poker sites other than Absolute Poker 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.
