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.

Jewelry Stores, Insurance, Employee crimes, Tort liability of insurance companies, Insurance companies

---

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.

United Kingdom, Securities fraud, Insurance fraud

---

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.

Employer liability, Florida, Employment, Police, Police officers, Wrongful death, Municipal corporations, Tort liability of municipal corporations

Similar abstracts:

• Abstracts: Senate panel told of fraud, corruption at RTC. Bush Justice Department assails S & L report
• Abstracts: Some thoughts on gifts of publicly traded appreciated corporate stock to private foundations. Some comments on sales of "restricted securities" back to the issuer
• Abstracts: 10 months after 'Koon,' sentence guidelines intact; decision was hailed as giving judges more power to depart from them
• Abstracts: District court judges, exploring their role as 'gatekeepers' of scientific testimony, discover there are no simple formulas
• Abstracts: A private charitable foundation may be able to sell, under Rule 144(k), stock donated by an affiliate of the issuer who is also a trustee of the foundation

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.