Another $3.7 Million To Be Returned to Absolute Poker Victims

The Garden City Group (GCG) has started another wave of payments in the ongoing Absolute Poker remission process.

Just last month, around $33.5 million was returned to 7,400 former Absolute Poker customers, who had submitted the necessary details on the GCG website. Now, one month later, additional $3.7 million will be handed out to 4,600 petitioners.

It is believed that approximately $60 million worth of player money was lost, when the Absolute Poker/UB shut down in the aftermath of Poker's Black Friday in 2011.

There is no information on yet when the next round of payments will be completed, but the GCG is expected to contact the remaining players in the US and abroad via email in the next few weeks.

You can read the notice regarding the latest payments from here:

GCG has been informed that the Money Laundering and Asset Recovery Section of the Department of Justice (MLARS) has approved a second round of payments to Petitioners who confirmed their Absolute Poker / Ultimate Bet account balances prior to the September 7, 2017 filing deadline. The distribution will include payments to approximately 4,600 Petitioners with awards totaling approximately $3.7 million.

Payments will be made via electronic ACH to Petitioners residing in the United States and via foreign currency check to Petitioners residing outside of the United States. In cases where a foreign currency check cannot be issued, the payment will be made via USD check or foreign currency wire depending on the Petitioners country of residence.

Within the next few weeks, GCG will be sending an email notice to all approved Petitioners that contains the amount and method of their payment. For Petitioners scheduled to receive their payment via electronic ACH or foreign currency wire, the email notice will also include instructions for submitting the required banking information needed for payment.

GCG will also be sending an email notice to certain Petitioners who were approved for payment and were identified as having a delinquent debt qualifying for collection through the Treasury Offset Program. Payments for these Petitioners will be reduced in order to satisfy their debt in part or in whole. To receive the balance of their payment, Petitioners must provide GCG with the information required to complete a Unified Financial Management System Vendor Request Form. Instructions on how to provide this information will be included in the email notice.

Specific questions regarding outstanding debts and offset amounts cannot be addressed by the Department of Justice or GCG. To obtain information on your individual debt, you must contact the Treasury Offset Program at (800) 304-3107 or visit https://fiscal.treasury.gov/fsservices/gov/debtColl/dms/top/debt_top.htm for additional information.

Petitioners should continue to check this website for updates regarding the payment process and this administration.

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