When liquidators tell people what cash they should expect to get for their items, they say take what you paid for it (or what it has been appraised at for insurance purposes) and remove a zero from the end, That sounds rough but that’s the reality. Using that thumb rule, if a lot ...
In the end, all the charges and claims were dropped after he made payments of $225 million into a Federal Reserve settlement account mainly for the benefit of depositors and creditors who had suffered losses and $245 million to BCCI's court-appointed Liquidators also for the benefit of deposi...