"With $159 million in Pokerstars and Full Tilt Poker money to be paid out, it is important that online poker players are careful to handle this remission process correctly."
Tampa, FL (PRWEB) March 16, 2013
Attorney Brian G. Mooney of the Florida law firm Almerico Mooney commented today on the naming of The Garden City Group as the claims administrator for the $159 million to potentially paid out to 1.3 million former Full Tilt Poker players in the United States, as part of the Pokerstars settlement.
"With $159 million in Pokerstars and Full Tilt Poker money to be paid out, it is important that a strong administrator be named to handle this sometimes complicated process," Mooney said. "Garden City Group seems to have the experience to handle these important claims for online poker players."
Mooney is commenting on recent news reported by the Department of Justice in a press release that the United States Attorney for the Southern District of New York, Preet Bharara, announced the selection of Garden City Group as claims administrator to handle claims arising out of the civil money laundering and forfeiture action, United States v. Pokerstars et al. The release, dated March 13, 2013 and entitled "Manhattan U.S. Attorney Announces Appointment Of Garden City Group As Claims Administrator For Forfeited Funds In U.S. V. Pokerstars That Will Be Returned To Victims" is available here.
The newly retained administrator, Garden City Group, will process the Petition for Remission claims submitted by the fraud victims of Full Tilt Poker through the Pokerstars settlement. Using monies forfeited by defendants, the Department of Justice will establish a process by which eligible U.S. fraud victims of Full Tilt Poker will be able to seek compensation for their losses. Full Tilt Poker victims must do so by submitting their claims through a Petition for Remission to receive their portion of the Pokerstars settlement.
"The remission process can be complicated and full of dangerous traps for the unwary," Mooney adds. "I encourage anyone with a Pokerstars or Full Tilt Poker remission claim to get legal advice if they want to be sure their claim is handled correctly."
Mooney recently released a series of videos which are designed to give Full Tilt Poker players more information about the remission process.
The Pokerstars settlement arises from a federal prosecution and accompanying civil case reported at United States v. PokerStars, et al., 11 Civ. 2564 (2011). The case was originally filed in the United States District Court for the Southern District of New York.
Brian Mooney is a founding partner of Almerico Mooney, a civil litigation law firm representing victims in the Full Tilt Poker Petition for Remission process as part of the Pokerstars settlement.