Re: AP infinity plus one - New AP Statement
 

In the hypothetical scenario where Absolute is on trial for this debacle, do you not agree that Absolute's lawyers will always argue that the "refund" was an implied "settlement"?

Look at the basic time line of events.

1.) Absolute denies everything.

Standard opening play.

2.) Absolute states they were hacked.

Here they are hoping the story ends. Absolute produces some paperwork that certifies that their security meets "standards" and the ex-employee hacker is to blame. Thus exonerating them from any legal liability and focusing the heat on the phantom employee. The ex-employee line was critical as it is reasonable to presume an ex-employee may have the ability to compromise otherwise ironclad security.

3.) Absolute admits their system was compromised by a "high level" consultant, exposing the actual company to legal risk and not just the consultant, and immediately begins sending settlements out to all affected parties.

If a majority of the players harmed by this event rejected the settlement in favor of seeking legal remedy, Absolute would turn over the "high level consultant" immediately.

Since that isn't and likely will not be the case, Absolute will continue to try to buy their way out of it by offering a settlement in the amount of money lost due to cheating.

Re: AP infinity plus one - New AP Statement
 

well done funky, very nice of you

Re: Just got paid.
 

[ QUOTE ]
It's almost as if... he wanted to prove his innocence

[/ QUOTE ]

FYP.

I don't think that trying to clear his name is a reason to think less of the bloke.

Re: Just got paid.
 

Moving up in the world, they did something and actually notified me of it


Dear Valued Member,

Absolute Poker is happy to inform you that we have reimbursed your
poker account in an amount to compensate you for losses resulting from a
security breach in our system, where one player had access to an unfair
advantage while playing ring games against your account.

Please be assured that we have corrected the problem that allowed the
system to be unfairly manipulated. We deeply regret that this incident
occurred and are committed to taking whatever steps are necessary to
ensure the highest levels of security, privacy, trust and integrity
throughout our entire system.

Accordingly, the amount that we have credited to your account refunds
all of your losses as follows:
• Your total net loss to players in ring games that had an unfair
advantage; and
• Interest on the refund in the amount of 10% per annum.

We thank you for your continued support and again apologize for your
inconvenience.

Thanks for playing at Absolute Poker! If there is anything else we can
help you with, please let us know. We're here for you!

Sincerely,

Daniel
Team Absolute ~ Deposit Center
"To Continue to be the Best and Most Trusted"
Cashier@AbsolutePoker.Com
(US toll free)1-866-788 3005

We’re Here To Stay! All Players Welcome!

Come and join the action this weekend with our 100k guaranteed on
Saturday and 50k on Sunday! With more and bigger guaranteed tournaments,
Absolute Poker is your place to play. See you at the tables whenever,
wherever!

Re: Just got paid.
 

Adanthar,

Done. Thanks again.

http://img519.imageshack.us/img519/9924/accionfj9.gif

Re: AP infinity plus one - New AP Statement
 

[ QUOTE ]
In the hypothetical scenario where Absolute is on trial for this debacle...

[/ QUOTE ]

Wouldn't such a trial be a criminal action?

In a civil case, presumably those who lost money would be seeking to recoup their losses. If they can recoup their losses without going to trial, isn't that always going to be better?

Re: AP infinity plus one - New AP Statement
 

[ QUOTE ]
[ QUOTE ]
In the hypothetical scenario where Absolute is on trial for this debacle...

[/ QUOTE ]

Wouldn't such a trial be a criminal action?

In a civil case, presumably those who lost money would be seeking to recoup their losses. If they can recoup their losses without going to trial, isn't that always going to be better?

[/ QUOTE ]

dude he's a lawyer, this is bad for him...


lolz my first conspiracah!

Re: Just got paid.
 

And now you know the reason for releasing the Seif transcript.

It is prima facie "proof" that Absolute cannot offer settlements to any harmed party beyond what is retrievable in the 30 gig database of hand histories.

It is a slick way of containing their potential damages beyond what may have transpired over the past two months or so.

Re: AP infinity plus one - New AP Statement
 

I have received a'lot less than what I should have been recieving for the amount of my losses against all 3 breached accounts and got the same email you did mntbkr. There stating ONE player had breached the system. Not Steamroller, Doubledrag, Graycat, Potripper. I'm hoping that they are going and giving money back by each individual account at a time and I will be receiving the rest of my losses from these guys in the next few days.

Re: AP infinity plus one - New AP Statement
 

Ikestoys, did you recieve any money back yet?