Thank you. Thank you. Im director of enforcement at the f. C. C. Today we are announcing that b. P. Has agreed to pay more than a half billion dollars that it misled investigators about the rate of oil flowing during the deep water horizon disaster. The 525 million penalty represents the Third Largest civil penalty ever assessed and those funds will be used to compensate harmed investors for losses sustained from this fraud. B. P. Misrepresented in f. C. C. Filings that the oil spill flow rate was estimated to be up to 5,000 barrels of oil per day and that was the current estimate. In fact b. P. Was in position of numerous analysis where 5,000 was at the lowest end of the range and those same analysis had upper ranges that were many multiples of 5,000 barrels. According to our complaint b. P. Executives made public statements in which they stood behind the flow rate of 5,000 barrels despite an ever growing body of evidence that the estimate was unreasonably low. They dismissed higher e
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