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This is more like a catastrophe bond than traditional insurance. In traditional insurance, you pay premiums and receive a benefit on the risk event. With bottomry and catastrophe bonds, you receive a loan up front and only pay it back with a premium if the risk event doesn't occur. By its nature, bottomry was prone to insurance fraud. Two ...
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DD Growth Premium 2X Fund (In Official Liquidation) v RMF Market Neutral Strategies (Master) Limited (Cayman Islands) [2017] UKPC 36: Fishermen and Friends of the Sea v The Minister of Planning, Housing and the Environment (Trinidad and Tobago) [2017] UKPC 37: Cleare v The Attorney General and others (Bahamas) [2017] UKPC 38: Hemery v Ramlogan ...
A package redirection scam is a form of e-commerce fraud, where a malicious actor manipulates a shipping label, to trick the mail carrier into delivering the package to the wrong address. This is usually done through product returns to make the merchant believe that they mishandled the return package, and thus provide a refund without the item ...
1405. Unnamed ship: Wrecked on the Eddystone, her mast was found at Rame Head and sold by the Duchy of Cornwall in Plymouth. [citation needed]1406. Sancta Maria et Sanctus Nicholaus (Catalonia): A carrack was stranded near Portsmouth during a storm.
The green goods scam, also known as the "green goods game", was a fraud scheme popular in the 19th-century United States in which people were duped into paying for worthless counterfeit money. It is a variation on the pig-in-a-poke scam using money instead of other goods like a pig.
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