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Message: [QUOTE="OzExorcist, post: 1762223, member: 23910"] A quick note for those that keep saying that this is because Full Tilt didn't keep player funds segregated - the below is direct from the [URL="http://www.gamblingcontrol.org/questions8.php"]Alderney Cambling Control Council website[/URL] and I'm pretty sure it's been posted before: [INDENT][I][B][COLOR=#99CCFF]Is my deposit safe?[/COLOR][/B][/I] AGCC requires its licensees to adhere to strict prudential ratios in order to ensure that assets exceed liabilities and cash exceeds player liabilities. AGCC also advises its licensees to inform players of the separate protection status of the player fund deposits in the casino, within three categories: [LIST] [*]“Not segregated” – this means that the operator has not segregated player funds from the company’s own funds. Player funds are therefore at risk in the event of a business failure. [*]“Segregated” – this means that the player funds are held in one or more accounts separate from the business’s own funds and that the interest of the players in the account/s is noted in the title of the account. This may provide protection in the event of a business failure. [*]“Segregated and protected” – this means that the player funds have been segregated and the Commission has been given reasonable assurance that the segregation is likely to be effective in protecting the player funds in the event of a business failure. [*]The player is able to see the relevant status on each casino licensed in Alderney.[/LIST][/INDENT] This means it was [B]not[/B] a requirement of Full Tilt's licence to keep player funds segregated - the important part for their licence was that they maintain the "strict prudential ratios" mentioned above and tell players whether or not their funds were segregated. [URL="http://www.fulltiltpoker.com/terms-and-conditions"][B]They did tell you they weren't segregated, BTW[/B] (item 8.9)[/URL]: [INDENT]Customer funds are not segregated from company funds, but it is the intention of Filco Ltd to meet its liabilities as they fall due. [/INDENT] So there we have it, proof positive that failure to segregate player funds is [B]not[/B] in and of itself the reason Full Tilt has had its licence suspended since they were never required to in the first place. Anything after that is really just speculation, but the most likely scenario for them having the licence suspended is that they've failed to maintain the appropriate financial ratios in the wake of Black Friday. [/QUOTE]

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