Full Tilt Poker, the world's second largest online poker room as of 15 April 2011 a definitive declaration of situation because the DoJ has released the site closed. FTP in the u.s. Government and accused some of his payment processors their financial problems. Such as Full Tilt Poker is not able to pay back their clients since April 15, when the United States Department of Justicein the domains of Full Tilt Poker, PokerStars and UB/AP taken up. Then, if they are not able to do this, the AGCC (Alderney Gambling Control Commission) weretheir operational license suspended, because they unlike Alderney legislation operated.
Since then, was silent Full Tilt Poker, disrupt their costumers strong. They tried to communicate with the public through their lawyers, poker forums and withouth much success. Now the company broke the silence that releasing a long-awaited declaration, which was published by Forbes.com yesterday. You can read the release in its entirety below.
"As it is clear from the events that have passed since 15 April, Full Tilt Poker was not prepared for the far-reaching, U.S. government enforcement effort of Black Friday.
The events of Black Friday came on the heels of previous government enforcement activities and significant theft. In the two years prior to Black Friday, the u.s. Government seized about $ 115 M of the funds of players located in u.s. banks. While we believed that the provision of peer-to-peer online poker have not violated federal laws-a belief supported by many solid and well thought out legal advice--the DOJ took a different view. Furthermore, as was widely reported, stole a major payment processor about $ 42 M of Full Tilt Poker. To 15 April, Full Tilt Poker had always covered these losses so that no player was ever affected. Finally, during the end of 2010 and early 2011, Full Tilt Poker experienced unprecedented problems with some of its third-party processors that greatly contributed to his financial problems. While the company was on his way to tackle the problems caused by these processors, Full Tilt Poker never expected that the DOJ would go, as it has done by grabbing our global domain name and shut down the site worldwide.
In the past four months, Full Tilt Poker are actively exploring opportunities with external investors to stabilize and the company to pay back our players. At least six of these groups, including hedge funds, operators of other internet companies and individual investors, to inspect the operation have visited Dublin. We recently an additional financial advisor through a bank investment group to help us in our search for an infusion of cash, and a new management team to recover from the site and pay back players. While each deal of this nature necessarily complex given the current regulation, our players need to know that Full Tilt Poker is fully committed to pay them back in full, and restore confidence in our activities. "
What Full Tilt Poker is revealed that they have, in principle, are faced with serious financial problems after the 2 years before Black Friday, one of his most important payment processors stole $ 42 million of FTP. However, they did nothing to protect their assets, nor did they inform their users, who they entrusted their money.
In addition, FTP blames the u.s. Government for their interpretation of federal laws, and also the payment processors, which the stolen money from them.
It was also rumored that if Full Tilt Poker ever again opens, this will happen under a new management.
The next item the Declaration much controversy throughout the poker community though; FTP promised to find out more about the history of the company to clarify some important points. What do you think?
No comments:
Post a Comment