Department of Justice Won't Confirm Agreement with Groupe Bernard Tapie
Also Wouldn't Say How a Possible Reimbursement Process Would Work
The Justice Department still has nothing to say four days after the Wall Street Journal and CNN Money reported that a lawyer for a French investor said the group inked an agreement with authorities to purchase Full Tilt Poker.
“We have no comment and are not confirming or denying an agreement with Groupe Bernard Tapie,” a spokeswoman with the DOJ told Card Player on Monday.
Groupe Bernard Tapie would reportedly pay $80 million for the beleaguered online poker site as long as it settles its civil case.
If the deal were to finalize, U.S. players owed an estimated $150 million would have to seek compensation from the DOJ. Groupe Bernard Tapie reportedly would restart the company’s non-U.S. operations and allow the payout of its foreign player base.
The DOJ would not say how a possible compensation process would work under a deal with Groupe Bernard Tapie. In late September, the office, without mentioning a takeover of the company, said that “the return of forfeited funds to victims of the alleged fraud may be possible.”
Jeff Ifrah, attorney for Full Tilt Poker CEO Ray Bitar, told ESPN that the deal with the DOJ would allow the poker operator to re-enter the U.S. market should Internet gaming be legalized.
It is unclear if the company, which previously had ties with the Poker Players Alliance and Nevada-based Fertitta Interactive, could be found suitable to offer games to Americans in the future.
Bernard Tapie, former chairman of the investment group, spent time in prison in 1997 after being convicted of bribing soccer players to throw a match and was also convicted for tax fraud in a non-related case.
Follow Brian Pempus on Twitter — @brianpempus
|1||Phil Ivey Now Down $5.1 Million Under His 'Polarizing' Online Poker Screen Name|
|2||Study: You're Like A Pigeon When You Play Poker|
|3||Seminole Hard Rock Poker Open Stuck With $2.5 Million Overlay|
|4||Maryland Casino Says Former Employee Stole 'Highly Confidential' List Of High Rollers|
|5||Poker Strategy With Ed Miller: Reverse Bet Sizing Tells|
|6||Allen Kessler Wins 2014 World Series of Poker Circuit Foxwoods Main Event|
|7||Man Carjacks Vehicle From Golden Nugget Atlantic City, Returns Hours Later To Carjack Another And Gets Caught: Police|
|8||Poker Hand of the Week: 8/27/14|
|9||Texas Station Closes North Las Vegas Poker Room|
|10||2014 CarbonPoker Card Player Player of the Year Update -- Dan Smith and Jason Mercier Join Top 10|
|1||Former Roulette Dealer Faces Criminal Charges For Telling Gambler About 'Lucky Number'|
|2||Phil Ivey Now Down $5.1 Million Under His 'Polarizing' Online Poker Screen Name|
|3||Phil Ivey's Alleged Accomplice In Borgata 'Cheating' Case Also 'Edge-Sorted' At Foxwoods|
|4||Gus Hansen Nears $20 Million In Web Poker Losses|
|5||Atlantic City's Most Expensive Casino Ever Built To Close Next Month After Horrendous Two-Year Failure|
|6||'Invisible Ink' Poker Cheat Banned From Connecticut Casinos|
|7||Real-Money Online Poker Coming To California This Month, Tribal Gaming Regulator Says|
|8||Dan Cates Accidentally Flew To Airport In San Jose, CA Rather Than Airport In San José Del Cabo, Mexico|
|9||Gambler Finally Hits Vegas Slot Machine That Hadn't Paid Out Jackpot In 15 Years|
|10||Steven Seagal Stars In New Poker Movie|