Online Poker News - Absolute Poker's Software Absolutely DoJ's
27th of September 2012 - latestpokerbonuses.com
Court documents have confirmed that Yung Jae Lee, the CEO of Korean firm Quad Dimensions, handed over to the US Department of Justice a copy of the Absolute Poker software as an asset for forfeiture. At the same time he renounced any claim his company may have had in terms of its service contract with Absolute's owners.
Because of the complex web of bankrupt and tax-ridden companies like Avoine, Madeira Fjord and Blanca Games that at first denied ownership but now appear to be fighting for ownership rights to Absolute Poker assets, the company is now unlikely to realise any significant return.
However, several reasons may turn this into a Pyrrhic victory for the DoJ: the software in question is getting out of date and being overtaken by more modern approaches and technology; much of the development documentation is likely in the Korean language; and as time time goes by the asset inevitably becomes less attractive to potential buyers.
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