The first round of remission payments has been distributed by Claims Administrator, the Garden City Group, to former Full Tilt players located in the United States and a total of $76 million was sent out beginning on February 28th. The Garden City Group has updated the Full Tilt Poker Claims site with more information on the first round of payments.
The first round of payments was distributed to players who were not in dispute with the balance associated with their account as based on information at GCG. Players who had information that was incorrect or insufficient banking details associated with their petition with the GCG have until the 13th of this month to correct the information online. Once this date has passed, the Garden City Group will mail checks to players to the address listed on the remission information.
Over 27,500 players were sent remission payments during the first round and as noted by Pokerfuse, one player who earned quite a large amount was Blair Hinkle. Hinkle is a professional player who had just won the FTOPS Main Event, which took place a few months before Black Friday. Hinkle won more than $1.1 million and still had quite a bit of money tied up at FTP when Black Friday took place. The remission payment for Hinkle was set at around $1,180,000.
Aside from the incorrect/incomplete information needed by March 13th announcement, the Garden City Group also set a deadline for the 2nd of March for affiliates to send in petitions for remissions. Additional affiliate information has yet to be provided. The GCG also informed petitioners that if they had received a notice due to a debt that qualifies for collection via the Treasury Offset Program, a completed Unified Financial Management System Vendor Request Form will need to be sent in to the GCG as quickly as possible.
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