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re: BP story on fraud DW Horizon spill settlement from 60 minutes

Posted on 5/6/14 at 2:59 pm to
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 5/6/14 at 2:59 pm to
Some of big claims they say are fraud are from farming areas in north la.

If they sold their crop in September in 2009, in November in 2010, then in September in 2011 you use the months of Aug, Sept and Oct for the claim. It then shows a huge loss in 2010 and the formula creates a large payout.

BP created the formula and agreed to the areas it applies to, they clearly did not think it all the way through.
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