Earlier today, we reported that Executive Director of the Poker Players Alliance, John Pappas, was going to be meeting with the Department of Justice to discuss the repayment process for United States Full Tilt Poker Players. The meeting has concluded and Pappas has issued a press release about the events of the meeting and states that repayment is a ‘long way away.’
Pappas met with the Asset Forfeiture and Money Laundering division of the Department of Justice just hours ago and reported that the meeting was ‘cordial and productive’. However, progress was not made in the process of repayment for US players of Full Tilt Poker.
Pappas stated in the press release:
“Unfortunately, completion of a refund claims process is a long way away. The first step in this process will be the Department’s hiring of a third-party claims administrator, after a bidding process: there is no current date certain for that selection to occur. But it was evident that even when a claims administrator is hired, forfeiture and remission procedures require that a substantial administrative process be adhered to before players begin seeing their funds.”
The PPA continues to work for the players and even though they are not an ‘official’ group working to remit payments to players, the PPA is contributing. The PPA legal team is currently working on specific methods which could be used move the process along quickly.
Pappas reported that, overall, the meeting was beneficial as it reaffirmed that players will have 100 percent of their account balances made available via the remission process. Despite this fact, the discussions with the DOJ did not result in a decision regarding the manner in which repayment will be issued of player’s Full Tilt Poker balances. Players can read the full press release here.