Tusk Players to Receive 13-16c on the Dollar

Just a FYI, if you've missed this development...

Five Years On, Tusk Players to Receive 13-16c on the Dollar
Source Link-pokerfuse

Creditors of Tusk Investment, the defunct operator of over two dozen online poker skins on the Microgaming Poker Network, have been informed that they will receive 13c to 16c on the dollar.

Creditors have until June 5 to file a claim for their funds. Payouts will be made on July 21.

In February 2008, Microgaming, now rebranded as MPN, terminated the software license of Tusk Investment Corporate, which was responsible for 28 online poker rooms under the “MyPokerProfit” brand, and six online casinos.

Tusk was put into liquidation in March 2008, leaving thousands of players out of approximately $10 million in deposits. Microgaming, asserting they were purely a software provider, accepted no liability and did not honor player deposits.

Tusk skins were popular with poker players, in particular due to their high rakeback offers. Notables skins included Battlefield Poker and Red Nines.

Today, more than five years after a liquidator was appointed, creditors, including players and vendors, have been informed that payouts will be made in July.

Approximately $1.3m is to be distributed to creditors. According to player reports, the liquidator failed to collect an additional $800,000, withheld by a variety of third-party payment processors and eWallets. Among others, Neteller reportedly withheld €110,000 and MoneyBookers (now Skrill) over $40,000.

According to John Mehaffey, writing for LegalPokerSites.com, creditor who have yet to file a claim can do so by emailing tusk@ppbadvisory.com with their personal information and proof of the debt. A form for proof of debt can be found on the following PPB Advisory.

Along with the infamous “potripper” cheating scandal on Ultimate Bet, the Tusk failure was one of the first high-profile online poker scandals. It affected thousands of players and millions of dollars, spanned thousands of forum posts spanning multiple sites.

lol 13-16c on the dollar LOLLLLLLLL

BREAKING NEWS: Tusk pays out faster than FTP




other top stories: koreans better than americans at starcraft 1 (AND TWO)

sad that after 5 years the liquidator managed to collect only 1.3M$ and failed to collect 800k$

not sure how it happens, he doesnt have paperwork to back up his claims?

wina tuska

On May 21 2013 14:11 MysticJoey wrote: wina tuska

+1

sick freeroll

this was literally the deaddest money that ever deadded

On May 23 2013 00:12 FrinkX wrote: sick freeroll this was literally the deaddest money that ever deadded

On May 21 2013 14:15 Mr. Proper wrote: Show nested quote + On May 21 2013 14:11 MysticJoey wrote: wina tuska +1

+256^123

all we have to do if we've already sent the proof of debt form is to give them bank information right?

im pretty sure i've sent out this proof of debt form like 9x, and they still are emailing me like they haven't gotten it yet.

and fuck me since i cant remember a damn thing about my account

On May 23 2013 11:11 nicksson wrote: all we have to do if we've already sent the proof of debt form is to give them bank information right?

it appears that way, yes. i just filled out the 2 pages that are meant to be filled out, with my current information, and i sent all relevant screenshots from my account.

DEALER? One time plz thx

#drinksonme

On May 21 2013 14:11 MysticJoey wrote: wina tuska

as always

On June 03 2013 11:02 MezmerizePLZ wrote: DEALER? One time plz thx #drinksonme

dealer just woke up after 5 year nap everyone has been calling clock on him but the clock was under a bulldozer the whole time so then you got dealt 13% of a joker but that's pretty good

I think I remember Mez had a really stupid amount on a site that went under, is this it?

If so, congrats on getting something back.

On June 03 2013 11:02 MezmerizePLZ wrote: DEALER? One time plz thx #drinksonme

you still play poker?

oh that's right mez u had like over 500k, not bad

a few Ks for me, never expected to see any of that money back

soooo did anyone get their money? I didn't

approx $10 mil in deposites

lol mez you were holding 5% of the entire skins money

On August 03 2013 12:24 nicksson wrote: soooo did anyone get their money? I didn't

I got a response saying that my claim was accepted and payment would be issued once all claims were examined. That was 2-3 weeks ago.

On June 04 2013 23:35 [vital]Myth wrote: Show nested quote + On June 03 2013 11:02 MezmerizePLZ wrote: DEALER? One time plz thx #drinksonme dealer just woke up after 5 year nap everyone has been calling clock on him but the clock was under a bulldozer the whole time so then you got dealt 13% of a joker but that's pretty good

what the actual fuck was I on when I wrote this -.-

loool

On August 03 2013 20:04 [vital]Myth wrote: Show nested quote + On August 03 2013 12:24 nicksson wrote: soooo did anyone get their money? I didn't I got a response saying that my claim was accepted and payment would be issued once all claims were examined. That was 2-3 weeks ago.

I got the same, sent an email yesterday asking whats up

I have no idea whats going on, I haven't heard anything lately o.O

lmk if you guys hear something. Should have gotten a lawyer 6 years ago roflsup

#lifefish

thought a few other guys with big rolls lawyered up and are getting the same results without dropping lawyer fees.
rungood@life

I got 7.8k back

On August 05 2013 21:59 Bigbobm wrote: thought a few other guys with big rolls lawyered up and are getting the same results without dropping lawyer fees. rungood@life

I don't think anyone involved in this mess is running good lol

Niklas



We are in the process of arranging the dividend payment and the payment should be made in the coming week.



Should you have any queries please contact me.

On August 17 2013 14:26 nicksson wrote: Should you have any queries please contact me.

Is your fathers name also Nicklas?

nicksson : what email did you use to get this response?

On August 18 2013 00:38 devon06atX wrote: Show nested quote + On August 17 2013 14:26 nicksson wrote: Should you have any queries please contact me. Is your fathers name also Nicklas?

no!

On August 19 2013 17:48 Protuberance wrote: nicksson : what email did you use to get this response?

tusk@ppbadvisory.com

Dear Sir/Madam   We advise that on 7 August 2013 we declared a first and final dividend for unsecured creditors of the Company. As you did not provide your bank account details as required in our report dated 20 May 2013, we intended to pay your dividend by bank draft. However, your country does not accept bank draft payments in Australian Dollars which is the currency to be used for dividend payment as per the Court Order previously provided to you in our report. As your dividend will have to be paid by electronic transfer, please complete the below table and return the completed table by no later than Monday 26 August 2013.

This just made my morning.

Well atleast you're not missing out cause they haven't made any payments yet

Just got a check from Tusk in the mail. Pretty sweet deal.

hope clay got his money 13-15% of 600k+ or whatever it was is still pretty noice monies.

Just deposited the check for 109k. 16c on the dollar attained 6 years later. lewl

not too bad for never expecting to see any of it probably...

congrats Clayton!

On December 26 2013 13:42 MezmerizePLZ wrote: Just deposited the check for 109k. 16c on the dollar attained 6 years later. lewl

take theo somewhere nice to celebrate

Congratulations !

So you had like 900k? Daaaaamn. Congrats nonetheless.

On June 03 2013 11:02 MezmerizePLZ wrote: DEALER? One time plz thx #drinksonme

On December 28 2013 06:00 napoleono wrote: So you had like 900k? Daaaaamn. Congrats nonetheless.

109k/.16 ~ 680k

On December 26 2013 13:42 MezmerizePLZ wrote: Just deposited the check for 109k. 16c on the dollar attained 6 years later. lewl

6 years of feeding trustee in bankruptcy costs a lot oO