The DOJ amends the original civil complaint and adds Full Tilt Poker stakeholders Howard Lederer, Chris Ferguson, and Rafe Furst as defendants. In the same statement one could also read where a lot of the missing money allegedly had gone, as Full Tilt Poker claims US Government had seized $115 million after Black Friday and that payment processors had stolen $42 million before Black Friday.Ī long delayed meeting between Full Tilt Poker and AGCC finally takes place on September 19th, but instead of discussing how player funds are to be returned, it is uncovered that the owners of Full Tilt Poker have potentially defrauded players out of $300 million.
On July 10th Full Tilt Poker goes into negotiations with an European investor with the aim of solving the financial problems, and in a statement on August 31st Fullt Tilt claims to have had discussions with six different investors.
#Full tilt poker scandal license
On July 4th Full Tilt Poker also gets their French license suspended and players continue to rage. Just a few days prior to Ivey dropping his lawsuit, on June 29th, Full Tilt Poker gets their gaming license from The Alderney Gambling Control Commission (AGCC) suspended and is shut down world wide.
On June 1st news of Phil Ivey suing Tiltware for $150 million goes online, a lawsuit which is dropped one month later on July 1st. They admitted to not having a specific timeframe for processing withdrawals, that they had “short-term problems”, and that capital was now being raised in order to pay back US players. It quickly became clear though that players were in fact not receiving their funds yet, and towards the end of April 2011 it was said that this was due to a conflict between Full Tilt Poker and their payment processors.įull Tilt Poker continued to pledge throughout May 2011 that players would receive their funds, but on May 31st a statement was released from Full Tilt Poker that made players even more worried. In this article at we will draw a timeline of what happened with Full Tilt Poker after Black Friday on April 15th 2011 and up to now (May 2012).įour days after Black Friday DOJ allowed Full Tilt Poker to reopen in order to pay out whatever funds their players had in their accounts. Black Friday was just a beginning of many problems to come for everyone involved with Full Tilt Poker.
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