..

Industry Source: Full Tilt Poker Funds Indeed Frozen

Written by:
C Costigan
Published on:
Jun/28/2011
Full Tilt Poker

After initially questioning how US law enforcement authorities could freeze funds belonging to Full Tilt Poker, one powerful CEO in the online gambling sector has looked into the issue further.

His findings:  “I have looked into it and I do believe much of the funds were frozen.”

The source, who is quite connected in the industry, could not elaborate any further on his findings.  This does support Full Tilt’s claims that most of the monies in question are frozen. 

Others have speculated that FTP removed funds from bank accounts prior to the actual seizures and are reluctant to send funds to US citizens out of fear new accounts can be traced. 

Full Tilt Poker has not paid US customers millions of dollars owed since the company was indicted on April 15, charged by the Justice Department with bank fraud and money laundering.

The US Attorney’s Office in the Southern District of New York, which filed the charges against Full Tilt Poker, PokerStars and Absolute Poker, have offered to provide a channel for FTP to pay its US customers.  To date, only PokerStars has fulfilled its obligations and taken the US Attorney’s Office up on its offer. 

- Chris Costigan, Gambling911.com Publisher

Poker News

What Attracts Players to Online Poker in 2021

Poker has long been one of the favorite games worldwide.

Gambling 911 World Exclusive:   Matusow Responds to Accusation He's "Robbing" His Backers

Gambling 911 World Exclusive: Matusow Responds to Accusation He's "Robbing" His Backers

The "Mouth" issues a fiery profanity-laced response to these allegations. “They can suck a d***!”

Poker Player Fakes Cancer Diagnosis to Claim Free Tickets on ACR

Poker Player Fakes Cancer Diagnosis to Claim Free Tickets on ACR

Letter filled with multiple grammatical mistakes posted to the Web and player reportedly makes death threats to CEO, player ambassadors.

Americas Cardroom Boss to Stake 6 Players for $5 Million Venom in Fight Against Cancer

Americas Cardroom Boss to Stake 6 Players for $5 Million Venom in Fight Against Cancer

Americas Cardroom head honcho Phil Nagy vowed to stake 6 people to play in this week's Venom PKO online tournament with the profit split being half to the player and half to breast cancer awareness.

Suzie Zhao Murder Trial Delayed Until 2022: Poker Pro Burned Alive

Suzie Zhao Murder Trial Delayed Until 2022: Poker Pro Burned Alive

The new date has been set at January 3rd, 2022.  Jury selection was initially expected to take place this week in Oakland County, Michigan following two previous delays.

Syndicate