Veale was still surprised that the underwriters weren’t ready to fight Iliopoulos. He kept returning to the same principle: if his and Conner’s suspicions were correct, a substantial fraud, one of the biggest in maritime history, had been committed against the Lloyd’s market, and paying out would only incentivize more of the same. It would also put legitimate funds into the hands of the people responsible—settlement proceeds that could be deposited at virtually any bank in the world, hassle free. In Veale’s former line of work there were words for that kind of behavior, and he was certain that
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