Online Poker News - Update: AGCC Sheds Light on Erroneous Statement in Tribunal’s Findings
20th of October 2011 Author: Ava Jackuard
But claims it is not significant for the FTP case
The Full Tilt Poker issue has been addressed once again on Oct. 20, when the Alderney Gaming Control Commission issued the following, rather intriguing, statement:
"AGCC wishes to correct and clarify an erroneous statement contained in the Commission tribunal’s published determination notice of the hearing into Full Tilt, which includes the statement:‐ “the individual seizures made by the Department of Justice during the period 28th June 2007 to 20th June 2011, which amount to a cumulative total of approximately $331 million US Dollars.”
"The underlying evidence in the hearing clearly demonstrated that $331 million was the total of funds unavailable to Full Tilt, of which DOJ seizures formed only a part.
"The mis‐statement is thus not of significance in the Commission’s assessment of the matter."
What appears to be so controversial about this statement is that it was precisely the amount of money involved that became the subject of much industry and player discussion since the AGCC deprived FTP of its licensing. The reason for this was the obvious disparity in the amount that FTP said was seized over the two years before Black Friday - $115 million in player funds sitting in US banks.
However, the $200 million difference has not been clarified yet, leaving the players unpaid and dissatisfied.
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