UB & AP going donk down soon?

[Zab]

From 2+2

Also, I can confirm the affiliate manager who I have worked with for YEARS was terminated. She was \ is the BEST in the business.

Costa Rica Termination Memo (cannot vouch for its authenticity as it was sent anonymously). Supposedly laying off 95% of staff.

Memo
To: All Staff
From: The Executive Management Team
Date: Monday, May 2, 2011
Re: Restructuring
As all of you are aware, action was taken by the U.S. Department of Justice on April 15th and we have closed our US-facing operations. We now have to focus our resources on developing our non-US operations and software business. Unfortunately, this also means we must immediately restructure our organization and significantly downsize our operations.

It is a very sad day for all of us, as we have worked so hard to create a truly amazing company that is filled with extraordinary people. We have always been and remain fully committed to the employees and consultants of this business.

TBT employees will be paid full liquidations in accordance with Costa Rican labor laws. Consultants will be paid severance based on length of service. IDS liquidations have been previously funded in full to Olman Rimola.

Some of you will be approached by the business for a new role with a much smaller company that is focused on continuing our non-US operations and software businesses.

HR or direct managers will initiate individual meetings with everyone to provide full details, and we hope to get through all of these over the next few days.

Today’s decision has not been made lightly, or in haste. It comes after considerable review from all angles of the impact Black Friday has had on the business as a whole. We are disappointed that events of the past two weeks have effectively forced us to take this action, with downsizing of the business now unavoidable.

We ask that all of you work from home tomorrow and you will be updated with new work arrangements soon.

It truly has been a pleasure working with all of you. We thank you for the significant time and dedication you've all shared with us over the years and wish you all the best in your future endeavors.

[wagon596]

Yea I can't log on at the USA site or EU. Site either.... sad but true....

[bmeelneg]

I saw that thread too ... pretty much as one poster said "a ponzi scheme going on at Cerrus". The few bucks I have over there are gone in my head, not expecting to get paid.

[FastOne]

Oh NO!!! I have money at both Absolute and Ultimate Bet, but under 50$ at each room, so I can't ask for a withdrawal... would need to deposit to do so, or play to get my balance over 50$... but still, maybe I won't get paid.

[rrickir]

no u will def not get paidd from them,, is sad tooo. they are gone for sure. I had deleted them off comp about 4 days ago now,, as sooon as i heard bout this,, i,m just glad i only had like 2 dolla at UB and 1.50 at AP> wellll AP was the very first site i had played on a lot,, back like 6 years ago or so,, so is kinda sad tooo

[MIGO14]

Hmm, interesting news. I am afraid this will not be the only poker room... Maybe more to follow

[abwil2]

sad for all those who had money on there

[FastOne]

Apparently, they have filed for bankruptcy.

DoJ attack leaves UB and Absolute Poker bankrupt

[beardown420]

wow this really blows , i have gotten alot of bad news today since i just got my computer back.

[joewallace10]

I hope that Americans are allowed back on ftp,