1/21/2012

'Gotcha': International Marine Insurance Fraud and Conspiracy Review

'Gotcha': International Marine Insurance Fraud and Conspiracy
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Very little insight into international marine insurance or any fraud attached to it will be gained from reading this badly written book. Geary appears to be a yacht surveyor in the Caribbean, a very small part of marine surveying, the book is a catalogue of his exploits in this area and is a thinly veiled advertisement for using his services. There is nothing in here about the day to day practice of international, commercial marine insurance and marine surveying as applied to merchant vessels, which he appears not to know about or to have participated in. As for the problems with Salvage Association or Lloyd's agency , which the cover of the book says he will reveal, what he says is laughable and does not bear any other comment.Reading this book will not give anyone any insight into marine insurance or its problems and certainly not commercial marine surveying, except, perhaps if they own a rather small yacht in the West Indies

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STEAL, CHEAT, AND LIE YOUR WAY TO THE TOP--a growing practice on both sides of the Atlantic that's costing consumers millions each year. Marine insurance is based on Uberrimae Fidei or utmost good faith but it hasn't worked out that way. Author Ed Geary closely examines the schemes of marine insurance fraud and conspiracy that involves not only boat owners and policy holders, but insurance brokers, and marine underwriters. During his five year USCG training mission of the Venezuelan Coastguard Geary's disclosure of the Central Intelligence Agency's clandestine Operation Deep Six to destabilize the elected government of Venezuela and install Hugo Chavez as president put him in the cross-hairs of the Agency. Silencing him became an even greater priority when Geary exposed the CIA's theft of high value yachts used in idiotic schemes to smuggle narcotics from Colombia to the United States. Gotcha delves into the flawed business practices of The London Salvage Association that ultimately destroyed an organization that's been around before the reign of Queen Victoria and exposes the fraud and "trickle-down-corruption" that has tainted the Lloyd's Agency System. After the melt-down of ENRON and WorldCom the cover-up of Arthur Andersen's fraudulent ship valuation conspiracy by the once reliable Lloyd's List in London challenges the imagination.

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