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Full Tilt Poker Begins Reimbursing Poker Players

Written by:
C Costigan
Published on:
Jun/11/2009

In a statement provided to ABC News, Full Tilt Poker announced that anyone affected by the recent seizure of player funds via its Instant eCheck platform have had this money reimbursed to their accounts.

"In light of recent events involving the freezing of certain accounts, Full Tilt Poker would like to assure all players that their funds remain safe and secure," spokeswoman Michele Clayborn said in the statement.

"All players who were affected by the current situation have had their funds returned to their accounts," the statement said. David, the World Series hopeful, said he had been reimbursed by PokerStars and given an additional 10 percent credit.

He used his own savings to buy into the World Series and will use the winnings from his championship game online to pay himself back as soon as he gets them, he said.

The federal government had frozen more than $30 million in the accounts of payment processors that handle the winnings of thousands of online poker players, including Full Tilt Poker and PokerStars.

Documents obtained by the AP show that a magistrate judge in the district issued a seizure warrant last week for an account at a Wells Fargo bank in San Francisco, and that a federal prosecutor told Alliance Bank to freeze accounts.  Warning letters were also sent to other banking institutions via a federal prosecutor implying the funds were being used for "money laundering transactions". 

While Full Tilt Poker claims that monies were reimbursed to players accounts, there was no immediate confirmation by players that this is the case.  PokerStars customers are reporting they have not yet been reimbursed. 

Christopher Costigan, Gambling911.com Publisher 

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