Winston Churchill had been First Lord of the Admiralty during WW1. As far as anyone knew, he had acquitted himself well. Or had he?  In 1921, Lord Alfred Douglas accused Churchill of having fudged a little data about the Battle of Jutland, which had occurred in 1916.  The British lost a large number of men and ships in this inconclusive encounter.  Worried about the resulting low morale, Churchill wrote a very strong, upbeat editorial that redefined the fiasco as a victory.  Lord Douglas discovered this and turned it into a deliberate scam.  When word of the defeat was released, British stocks plummeted. So, said Douglas, Churchill had some Jewish friends of his buy up stock dirt cheap. Then Churchill wrote his misleading story in order to make stock prices soar again. Big profits were made and kickbacks given.  As you can expect, Churchill sued, and Douglas could prove nothing in court.  In 1923, Douglas was convicted of libel and given six months in prison and a fine. (Oh, a Jewish newspaper editor called Douglas some nasty names over this, and Douglas sued him for libel. He won a whole farthing in damages.)

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Escape Clause