What's new

Not sure if this belongs in off topic or funnies

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

camski

New Contributor
LEGACY MEMBER
Joined
Jul 24, 2007
Messages
242
Location
Noblesville, IN
Rep Bank
$425
User Power: 38%
http://www.nola.com/news/index.ssf/2008/01/katrina_claims_add_up_to_quadr.html

Katrina claims add up to quadrillions
by The Times-Picayune
Monday January 07, 2008, 7:46 PM

By Sheila Grissett
East Jefferson bureau
The most expensive Katrina claims filed so far against the Army Corps of Engineers -- those specifying damages of at least $1 billion each -- total $3 quadrillion, according to a thumbnail set of figures released Monday by the agency.

That's $3,013,283,057,589,910, to be exact. And no cents.

One claim alone accounts for all but $13.3 trillion of the total, and that one came from Baker -- 93 miles northwest of New Orleans and far outside the Katrina flood zone. Federal privacy laws prohibit the corps and plaintiffs' attorneys from identifying claimants by name, so the basis for the Baker claim was not immediately clear.

The corps released a list of 247 claims of $1 billion or more in response to requests from news organizations. Most claims were filed by individuals. Fourteen of them included compensation requests for "wrongful deaths."


The list includes a $77 billion claim filed by the city of New Orleans, which is a matter of public record, as well as three claims by unnamed insurance companies, according to the Bruno & Bruno law firm, which represents thousands of hurricane victims.

Anyone seeking to collect damages from the federal government must first submit a Form 95, which preserves the right to sue. Almost a half-million such forms have been filed with the corps since levees and floodwalls failed during Katrina, triggering catastrophic flooding that killed more than 1,500 people in Louisiana and ruined homes and businesses. Though the accounting is far from finished, it is generally considered the costliest disaster in U.S. history.

The corps reports receiving 489,000 claims as of Monday. But corps spokeswoman Amanda Jones said that a number of those are duplicates.

At the same time, some claims are still being filed, and the corps is adding them to the agency database, Jones said. The filing deadline was Aug. 29, and a lawyer involved in some of the cases said a federal judge will ultimately decide whether to accept claims filed after date.

Lawyer Joe Bruno, who said he represents about 70,000 Katrina victims, is concerned that the dollar value of claims listed on the Form 95s will be used to vilify Katrina victims.

"It will be obscene if anyone uses these to paint our people as being a bunch of money-grubbers," he said. "The forms are a joke, but the government requires them.

None of the claims have been investigated by the corps or presented in court. And until they are verified, Bruno said, it's impossible to know what the real numbers are.

"Government also requires that you put down a figure .¤.¤. although only a judge can determine value." he said. "But here's the deal: Whatever number you put down, you can never get one dollar more than that amount. To be safe and fair, we told folks they'd better put a larger number."

For that reason, Bruno said, the numbers on the claim forms have little to do with what he ultimately expects claimants to recover.

"My best estimate as to the worth of this case .¤.¤. the amount of uncompensated damages .¤.¤. is about $50 billion," he said.

The biggest claim of the 247 is for damages of $3 quadrillion, and it's a personal claim that doesn't include a wrongful death. According to information released by the corps, the claimant listed a ZIP code for Baker, which wasn't directly affected by the levee breaks and subsequent flooding.

Robert Warren II, another lawyer with the Bruno firm, said he doesn't think his firm represents the Baker claimant and that there might be some sort of "issue" with its size.

"It's just speculation on my part without seeing the form," he said. "It could be a data entry error or just emotion. This person could be a relative of someone who was injured or died in the storm."

Or, Warren said, the filer might have mistakenly put a mailing address, perhaps a temporary address used after Katrina, instead of the ZIP code where damages are alleged to have occurred.

In some cases, Bruno said, people put "outrageous" amounts down "because they're outraged.

"Try sitting on your roof for days until you're rescued by a helicopter," he said, "and you'll be outraged, too."

Sheila Grissett can be reached at sgrissett@timespicayune.com or (504) 717-7700.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
Vjot disveopmz ot puv gappz... ov qsucecmz cmiupht xovj vji Opvihsovz vjsief...

Fu vjiz jewi ov????

Disveopmz tuni qiuqmi mutv nusi vjep quttittoupt epf giim xsuphif epf jesnif, juxiwis vjot ot ecati...


Ximm katv nz vjuahjvt....

Tviwi
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Similar threads...

G
Replies
0
Views
794
GuestUser8117
G

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom