U.S. poker players are reaching the end of the filing window to submit a petition for the repayment of their Full Tilt Poker account balance.
The filing period — set by claims administrator Garden City Group (GCG) — has been open for two months with a deadline for filing to end on November 16th. That's coming up in a few short hours and that leaves very little time to file. If you fail to file a petition by the deadline, you will not be able to claim your funds at a later date.
The United States Attorney for the Southern District of New York chose the GCG to act as the administrator and oversee the repayment of roughly $150 million that has been locked up since Black Friday and is owed to Full Tilt Poker players. The GCG has sent out over 1.4 million email notifications over the past two months to Full Tilt Poker players that are eligible for repayment. According to PokerNews.com, a spokesperson for the U.S. Attorney's Office said on Friday that the GCG had received approximately 41,000 petitions for FTP repayment.
Although no date for repayment has been announced, it is believed that all players submitting a claim can expect an e-check in the first part of 2014.
Rich Muny of the Poker Players Alliance announced a big piece of news regarding the remission process last week through Facebook. The PPA had been in discussions with the GCT regarding former FTP Red Pros filing for their funds (previously they were told they would not be eligible) and now they are permitted to file a claim for repayment.
"Many former Full Tilt Poker Red Pros who were not members of Team Full Tilt had previously been informed by FTP Claims Administrator Garden City Group that they would not be eligible for remission," Muny wrote. "It was unclear if they were being grouped with Team Full Tilt (Howard Lederer, Chris Ferguson, etc.) — a group deemed ineligible by name by the DOJ — or if they were deemed de facto employees due to their sponsorships and denied on that basis. Either way, that did not seem fair. These were simply sponsorships, akin to a sponsored golfer or racecar driver."
For any U.S. poker player with funds still in lockup at Full Tilt Poker, visit the official website for the Full Tilt Poker Claims Administration for more information. Filing a claim is fast and easy, go do it!