A recent report up by PokerNews.com's Brett Collson has confirmed that the wait is over for all U.S. poker players that have had their Full Tilt Poker funds frozen. Black Friday, the dreaded day in online poker history where the Department of Justice froze the Full Tilt Poker accounts of thousands of U.S. players, happened 1,054 days according to the report. But the good news is spreading as the Black Friday refunds are now being remitted in the form of Automated Clearing House (ACH) deposits.
The report at PokerNews confirms that many players have a pending transaction in their online bank statement. The ACH deposit — labeled as "DOJ Poker Stars Pokerpay" — is a reminder of how PokerStars was able to settle with the DoJ and gain the assets of Full Tilt Poker. While the settlement is much more than the $343 million that has been repaid to date, another wave of payments should start soon.
The DOJ approved the disbursement last month of roughly $82 million to approximately 30,000 U.S. players that had filed a remission claim. As of the 28th of February, the funds that have been frozen by the DOJ have started to roll out in the first wave of payments.
February 28th is now aptly named "Green Friday" by some.
junglemandan Daniel Cates
I MUST be dreaming. I got the wire for my FT balance. #Gardencity 2014-02-27
benza13 Michael Bena
Full tilt money had arrived, that long saga is finally over, we goin to sizzler 2014-02-28
So happy to get my #FTP money today. Thank you @PokerStars. #GreenFriday 2014-02-28
bradyaustin Brady Austin
After almost 3 whole years I have finally got my funds from Full Tilt Poker. So there's only one more question. Red or black? Lol #poker 2014-02-28
Many have had funds locked up in Full Tilt Poker but one particular player has garnered more than just casual interest. Blair Hinkle won $1.2 million in a Full Tilt Online Poker Series (FTOPS) main event. Listen to the PokerNews podcast with Hinkle here.
The next round of payments by the Garden City Group (GCG) will continue the remission process and many players will have to wait until that starts to receive their refund. November 16th, 2013, was the deadline for players to submit a petition for a refund; late submissions have been allowed but there is no guarantee they would be accepted. Those players that found errors in their FTP balances were forced to file a dispute with the GCG and while those claims are under review, so are those filed by Full Tilt Poker affiliates.