This naval action was a result of claiming the territory and losses from the previous incident.

How come a man with so much money can claim losses?

The latest date for claiming losses arising in 2008-09 is 31 January 2015.

Tax laws forbid investors from claiming losses on any stock they buy back in less than a month.

"They just wrote down numbers on paper and claimed losses," he said.

They claim future losses but refuse to open their books and prove it.

This group is claiming losses of $330 million.

The strategies involve claiming losses for capital outlays that have actually been recovered.

While these investors claimed losses totaling roughly $10.3 million, they received awards of only $2.1 million, or about 21 percent.

The remaining 28 customers, claiming losses of a total of $10.2 million, received nothing.