Carrington v. The Brigg Ann S. Pratt - 59 U.S. 63 (1855)
U.S. Supreme Court
Carrington v. The Brigg Ann S. Pratt, 59 U.S. 18 How. 63 63 (1855)
Carrington v. The Brigg Ann S. Pratt
59 U.S. (18 How.) 63
Where a bottomry bond was taken for a larger amount than was actually advanced with a fraudulent purpose to enable the owner of the vessel to recover the amount of the bond from the underwriters, the bond was void.
Not only so, but the lender of the money loses his maritime lien upon the vessel for the sum actually advanced.
The case is stated in the opinion of the Court.