The AGCC Was Wrong About Full Tilt's DOJ Seizures

October 27th, 2011 | 12:05 am

Source shows the amount was overstated by nearly $200 million.

By Ian Hiaring, Rakeback.com Poker News Staff Writer

AGCC, Full Tilt Poker Last month the Alderney Gaming Control Commission (AGCC) revoked three of the four licenses that Full Tilt Poker held, and as a part of the process, released a notice stating that the amount of money seized by U.S. Department of Justice came to a total of “approximately $331 million US Dollars.”

Subject: Poker, who we’ve quickly grown to respect as trusted voice in the poker business, is reporting that the amount reported by the AGCC is grossly overstated, and is actually around $159 million. While still a pretty hefty sum, it’s a far cry from the $331 million the AGCC reported after the ten days of hearings leading up to Full Tilt’s gaming license suspension.

Subject: Poker attempted to contact the AGCC for three weeks prior to their publication of their findings, and at the last second, the AGCC corrected the number on their website. They have yet to speak with anyone at Subject: Poker regarding the situation.

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