03/28/2008 02:44 am ET Updated May 25, 2011

FEMA Demands 2005 Storm Victims Return $485 Million

The Federal Emergency Management Agency says tens of tens of thousands of people received improper aid awards following the 2005 Gulf Coast hurricanes - and now FEMA wants its money back.

According to a USA Today analysis, FEMA overpaid victims of Hurricanes Katrina, Rita and Wilma by $485 million and the agency is now struggling to recoup the funds. So far, just $15.6 million has been recovered.

Read more here.

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