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General Poker
Full Tilt Poker Sold to French Investors
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[QUOTE="alaskabill, post: 1804695, member: 65541"] It is not clear at all that the DOJ's seizures were illegal. I despise the UIGEA but under that law the DOJ maintains that doing transactions for online poker involving American citizens is illegal and while I hope they don't win they certainly might. Any money they seized pre Black Friday would have been money that processors were handling for Americans and in their view clearly illegal. If Full Tilt had kept funds properly segregated the seizures of American related payment processors would have never affected ROW players. The only reason ROW players can't get paid is because Full Tilt paid out your deposits in the form of dividends and spent it like operating capital. Pre Black Friday seizures should never have directly affected ROW accounts and the Black Friday seizures wouldn't have affected the accounts if Full Tilt had been operating in a legitimate fashion. The DOJ has demonstrated clearly, in their dealings with Poker Stars that any money that the sites can show come from ROW activity will be unfrozen. The DOJ unfroze more poker stars money about a month ago. The problem is FT can't document where the money that they have came from and of course the big problem is they spent/stole most of the money so even if the DOJ unfroze everything and kept only American processor seized funds FT still couldn't pay everyone back. [/QUOTE]
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Full Tilt Poker Sold to French Investors
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