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Fraudsters angle for piece of BP oil spill fund

Fraudsters angle for piece of BP oil spill fund

Swindlers, scammers and even a few strippers are flocking to the Gulf Coast in search of a piece of the $20 billion BP Plc has set aside to compensate residents for spill-related losses.

Senh: Whenever there's money involved, lots of people are gonna want a piece of it. Sucks for the actual victims.

 

BP stalling payments to oil spill victims

BP stalling payments to oil spill victims

British energy giant BP Plc is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion compensation fund, said on Saturday.

Senh: I don't blame them. They're already spending so much money trying to contain the spill. I think that should still be their main focus. After that, compensate the victims.

 

BP 'to fund $20bn spill payouts'

BP 'to fund $20bn spill payouts'

BP is to place $20bn in an independent fund to pay out compensation to victims of the Gulf oil spill, US media report.

 

Obama previews oil spill address in Florida visit

The president says he'll discuss how BP must pay claims "fairly and quickly" to compensate oil spill victims. He also says he'll name separate commanders for Florida, Alabama and Louisiana to speed response to states' residents.

President Obama previewed part of his Oval Office address in an appearance here Tuesday morning, saying he will talk about the need for BP to pay out claims "quickly and fairly'' to compensate victims of the worst environmental disaster in U.S.

 

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