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Showing posts with label EGamingReview. Show all posts
Showing posts with label EGamingReview. Show all posts

Thursday, June 02, 2011

Full Tilt Insists an Account that would cover 1/3 of Player Funds Owed has been Unfrozen.

It’s on again, it’s off again, doj says no accounts are unfrozen, but full tilt says this wasn’t an account frozen by the doj just one that sort of froze itself

hair pulling womanI wrote about this a few days ago in another blog post about Ray Bitar’s account being unfrozen where many news and blog sources reported that an account was unfrozen that covered a third of the $150 million dollars owed to US players since the April 15th, 2011 Department of Justice action (codename Black Mamba).

The new poker news source Subject: Poker revealed that they contacted the Department of Justice and that they said that no accounts frozen during the April 15th action have been unfrozen and that if and when any accounts were unfrozen there would be a press release.

But NOW it seems that Full Tilt is saying that this hefty account wasn’t actually frozen by the DoJ, but that it was frozen by their bank.  EGamingReview reported that “…a company source told this publication the account in question is not one of those named in the original indictment, but a separate corporate account held with the Bank of Ireland.”

No official sources, including the DoJ will confirm or deny that this is true, although if true the DoJ wouldn’t be involved so having no knowledge would be expected.

When originally reported the addition of those 50-60 million dollars to Full Tilt’s coffers gave many US players hope that they would be paid very soon.  That hope was dashed when Full Tilt released it’s May 30th update which sent many players on a tail-spin when the found out that player funds were not segregated, etc..