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Deepwater Horizon audit finds one in five business, seafood claims lack proper documentation

From the Louisiana Record:

An audit of the Deepwater Horizon settlement facility shows that nearly one in five claims in certain fraud-prone categories were paid without proper documentation. The $14 million independent audit, paid for by oil giant BP PLC, shows that 20.6 percent of business loss claims attributed to the 2010 oil spill lacked documentary proof. Similarly, fishermen claims for losses lacked proper documentation 18.4 percent of the time. These two loss categories have been cited by BP and federal investigators as magnets for fraud and both programs have been a focus in recent months for scores of clawback requests and criminal indictments. Read more...

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