United States Certified Claim Holder https://www.justice.gov/fcsc/cuba/documents/1501-3000/2500.pdf Vaued at $52M+ 60 years AGO Plus at a Rate of %6 interest per year now under the new math I think it reads aprox $450M at todays value from the time of taking plus %6 Interest per year for 60 years
Rivero said he is not worried that this argument will reach the courts. https://www.miamiherald.com/news/nation-world/world/americas/cuba/article235480742.html The lawyers of the law firm Rivero Mestre, Nick Gutiérrez (i), Manuel Vázquez (2i), and Andrés Rivero (2d), and José Ramón López Regueiro (d), sole heir of businessman José López Vilaboy, who also owned Cuban Aviation, during a press conference held Wednesday at the office headquarters in Coral Gables, near Miami, Florida. EFE / Giorgio Viera
the law’s Title III provision, allowing U.S. citizens to sue for three times the current value of confiscated property
Translation: Trebling , in United States law, is a term that indicates that a statute permits a court to triple the amount of the actual/compensatory damages to be awarded to a prevailing plaintiff. Treble damages are a multiple of, and not an addition to, actual damages in some instances.
Example: Adjusted for inflation, US$50,000.00 (3.70% per annum) in 1960 has a 2019 value of approximately US$427,267.01. The USFCSC authorized 6% per annum, meaning the 2019 value of US$50,000.00 is approximately US$1,649,384.54. X3
You Do The Math : FRAZ $52,643,438.37 1960 Claim No.CU-2500
Nicolas J. Gutierrez is a Senior Research Fellow at the Cuban Studies Institute https://cubanstudiesinstitute.us/ , and currently serves as President of the National Association of Sugar Mill Owners of Cuba. In this latter representative capacity, he was and continues to be actively involved in the initial passage and subsequent enforcement of the Cuban Liberty & Democratic Solidarity (LIBERTAD) Act of 1996, more commonly known as the Helms-Burton law. This article is publishd courtesy of the Cuban Studies Institute.https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146362872
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