Heist whodunit turns into a case of fraud: what started out as a heist ended up as a tug of war over who should pay for the loss
Article Abstract:
An 12-year-old robbery case was resolved May 10, 1995 when it was shown that rather than unknown persons robbing Golden Door Jewelry Creations in South Florida the robbery was staged to cover up an employee's theft. However, the case became more complicated because Lloyd's of London was refusing to pay the theft claim since the insurance was partially purchased by the thief who had knowledge of the ongoing theft. The court ruled that Lloyd's did not owe the thief but the other insured parties must be paid. Lloyd's also paid witnesses to uncover the mystery, an impropriety.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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Did Lloyd's treat Yanks like yokels? U.S. investors contend that venerable insurance market concealed extent of risks
Article Abstract:
American names in Lloyd's of London have sued the company for not fully disclosing the extent of the risk people were incurring by becoming Lloyd's names and a book by financial author Martin Mayer on the affair even states that Lloyd's agents perpetrated a Ponzi scheme. Lloyd's disputes such allegations and even attributes them to a cultural misunderstanding. The SEC is investigating the affair but most of the private actions have been dismissed or transferred to the United Kingdom under theories including forum non conveniens.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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They blame affirmative action for deaths
Article Abstract:
The widows of two men killed in a drug raid in Miami in July 1995 are filing wrongful death suits against the city of Miami based on the theory that the police department's recruitment of minority applicants constituted negligent hiring. The men killed were not kingpins, but lived very modestly. Many of the officers involved in the raid were later charged with sales of intercepted drugs. Lawyers for the plaintiffs state that the police department failed to investigate properly the backgrounds of the officers.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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- Abstracts: Senate panel told of fraud, corruption at RTC. Bush Justice Department assails S & L report
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