Absolute Poker Players to Receive Long Lost Account Balances

Posted on April 17th, 2017 by Jon Pineda

Absolute Poker and Ultimate Bet are gone but not forgotten, especially to the customers who never received account balance funds when the site shut down in 2011. After a long six-year wait, the money is finally available. But you have to act quickly.

Absolute Poker payouts

Absolute Poker funds are finally going to be available to customers, six years after Black Friday. (Image: YouTube)

On April 15, 2011, dubbed “Black Friday,” PokerStars, Full Tilt Poker, Absolute Poker, and Ultimate Bet were seized by the United States government.

The U.S. Department of Justice alleged that these poker site owners engaged in bank fraud and money laundering to process transfers to and from players.

Full Tilt Poker, thanks in part to massive bonus payments to executives, didn’t have the reserve funds available to refund the players.

Howard Lederer and Chris “Jesus” Ferguson were among those receiving millions of dollars while the customers got nothing. The once popular poker pros have essentially been banished from the poker world since.

PokerStars was first to pay its players back. But it wasn’t until more than 15 months after Black Friday when Full Tilt players began receiving money, after Amaya’s PokerStars acquired the once popular online poker site.

And then there was One

After Full Tilt players got paid, that left just one company to repay customers. Cereus Poker Network, the company that owned the now defunct Absolute Poker and Ultimate Bet poker sites, simply didn’t have the available funds to compensate its players.

Six years later, customers are still waiting for money. Most probably gave up and assumed they would never receive it. But that is all about to change.

Acting United States Attorney for the Southern District of New York, Joon H. Kim, said money is now available for former Cereus customers. The funds used are left over from the Full Tilt reimbursements.

How to Get Paid

If you are a former player at Absolute Poker or Ultimate Bet, you are advised to visit AbsolutePokerClaims.com. There is information regarding how to get paid on that site along with an email that was sent to all past customers.

Petition for Remission’s are being accepted now until June 9, 2017. Those who do not file a claim will be out of luck. Many poker players have stated they had no idea they had outstanding balances at Absolute Poker but have since discovered they are owed money.

To file a Petition for Remission, follow the instructions on the email sent. If you didn’t receive an email and believe you are owed money, you are advised send a message to Info@AbsolutePokerClaims.com.

The Department of Justice does not guarantee all money owed will be refunded. It’s unclear if the outstanding player balances is higher or lower than the funds set aside for this assignment.

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