Written by Thomas | Tuesday, May 3rd, 2011

Rumors are running wild on 2+2’s forums and some other media outlets that are indicating Absolute Poker and UB.com are making a direct beeline to screw USA players out of their cash.

Since April 15th, when “Black Friday” hit, owners have remained silent at UB.com and Absolute, making players feel that much more uneasy about getting their money back from their player accounts.

And in new developments, a message that was sent to all UB employees working for TBT Agency was forwarded to a 2+2 member earlier this morning, who then posted it on the Forums over at 4.

This is the exact memo being sent to all UB employees working at the TBT Agency saying the company will be attempting to focus on “non-USA operations and the software business” – is this the beginning of the end for not just Cereus employees, but for the site in general?

Official UB Memo below:

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.”

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