A claims administrator in the Full Tilt fraud and money laundering case is expected to be hired by January, the Department of Justice announced today.
The US Attorney’s Office for the Southern District of New York is evaluating the applications and also expects to have the claims administrator begin work in January. However, no specific date was given as to when the players would be able to file a claim.
Last week, John Pappas, Executive Director of the PPA, met with officials of the Asset Forfeiture and Money Laundering division of the DOJ.
In a press release following the meeting, Pappas predicted a “substantial administrative process” even after a claims administrator is selected. He said refunds for US players were “a long way away.”
Earlier this year, the US Department of Justice and PokerStars reached the agreement in which PokerStars would buy Full Tilt and refund $184m to non-US players and the DOJ accepted the task of repaying American players.