Word: frauds
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Dates: during 2000-2000
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Fidel Castro, naturally, lost no time in going nyah-nyah, and blaming the situation on the "Cuban-American terrorist mafia." The official daily Granma charged that Cuban exiles had committed widespread electoral fraud, and demanded new elections in Florida to prove that it was a democracy rather than "a banana republic." (The Cuban leader may, of course, want to be a bit more prudent about demanding free and fair elections lest his people start getting ideas...
Taylor: He has cleared Lloyd's on fraud and misrepresentation, absolutely...
TIME: In this age of corporate accountability, is it desirable or legitimate for the likes of Lloyd's to be immune from prosecution for anything other than fraud...
...protecting itself. Others, including Sir William Jaffray, who lent his name to the trial, will seek to battle on. They are emboldened by the recent entry into force of the European Convention on Human Rights, which they claim allows Lloyd's to be sued for negligence in lieu of fraud. "It's a severe setback for the Names," Jaffray said after the trial, "but it in no way exonerates Lloyd's. Nobody reading the judgment will be able to trust or do business with Lloyd's again...
...according to market estimates, losses could total as much as $4.5 billion for 1998-2000), has yet to respond. The refuseniks for their part are hoping for a deus ex machina in the form of criminal proceedings launched by U.S. government prosecutors who have been investigating possible mail fraud involving Lloyd's. But Lloyd's remains confident that the arguments that won the case last week will triumph in the future...