Michael Jackson Fraud?

06/06/2011
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(TMZ) Lloyd's of London has gone to court ... asking a judge to let the company off the financial hook, claiming it doesn't owe the Michael Jackson Estate $17.5 million on grounds MJ was a fraud.

The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses. But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons: 1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ said he had not seen a doctor other than a cosmetic MD since June, 2005.

2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol. more on this story

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