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$350.000.00? REALLY hard to believe but there's

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smartcard1   Saturday, 07/20/13 01:24:23 PM
Re: XYBRMBR post# 609
Post # of 626 
$350.000.00? REALLY hard to believe but there's no fighting it.

3) Claims Administration Fees

The forfeited funds returned by the DOJ through the Xybernaut Securities remission process will be reduced by the cost of the remission claims review and distribution and de minimus government expenses. No funds will be withheld for the cost of Government employees, investigators and attorneys handling the Xybernaut matter. Claims administration fees are billed according to a competitively bid contract with the DOJ that Analytics/BMC was awarded on the basis of best value to the government.

The total claims review and distribution costs deducted for the remission are estimated to be approximately $350,000 upon completion of the distribution.


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