Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Colorado Man Sentenced for Role in $268K Auto Insurance Fraud Scheme
Aug 2 2024 // A Colorado man who aided a former insurance claims adjuster in an auto insurance claims scheme was sentenced this week. In 2020, Brassfield, 55, of Aurora, reportedly aided former Travelers Insurance employee Colette...
South Alabama Woman Charged With 11 Counts of Insurance Fraud
Jul 30 2024 // An Alabama woman was arrested after she was indicted by a grand jury, charged with multiple counts of insurance fraud. Allison Dawn Benton Davis, 53, of Dothan, was charged with 11 counts of insurance fraud, according to...
Iowa Insurance Commissioner Appointed Receiver of Fraudulent Investment Companies
Jul 25 2024 // The Iowa Insurance Commissioner Doug Ommen was appointed the receiver of Beckstone Partners, LLC (Beckstone), DesFined, LLC (DesFined), East King Management, LLC, and The Corporate Leasing Company, LLC to wind down the...
Wife of Ex-Texas Trucking Magnate Sentenced in $9M Work Comp Fraud Scheme
Jul 24 2024 // The wife of a former San Antonio trucking magnate was sentenced this month in a multi-million-dollar fraud scheme. Frances Hall, former co-owner of Bill Hall Jr. Trucking, was sentenced for her role in a scheme to avoid $9...
USAA Renter’s Insurance Policyholder Charged with Multiple Counts of Fraud
Jul 24 2024 // Maryland Attorney General Anthony G. Brown reports that a grand jury for Prince George’s County has handed down two indictments charging an Upper Marlboro woman with insurance fraud. According to Brown, Rhonda Keisha...
Jacksonville Jags Sue Financial Employee Convicted of Stealing $22M From Team
Jul 23 2024 // JACKSONVILLE, Fla. (AP) — The Jacksonville Jaguars have filed a lawsuit against a former employee who is serving prison time after pleading guilty to stealing $22 million from the NFL team’s virtual credit card...
Former Postal Worker Sentenced to Probation for Workers’ Compensation Fraud
Jul 22 2024 // A former U.S. Postal Service employee in Delaware who defrauded taxpayers of almost $100,000 in workers’ compensation benefits has been sentenced to probation. Lakisha Hines was sentenced Thursday after pleading...
Man Admits to Tracking Drivers, Programming Keys, Stealing and Reselling Vehicles
Jul 17 2024 // A New Jersey man has admitted to orchestrating a multistate car theft and fraud ring that involved tracking drivers, programming keys, stealing their cars, and reselling their vehicles. U.S. Attorney Philip R. Sellinger...
Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition
Jul 17 2024 // Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300 million acquisition of JRG Reinsurance Co. Once the deal agreement was signed in...
Viewpoint: Deepfake Fraud Is On the Rise. Here’s How Insurers Can Respond
Jul 17 2024 // It is interesting—and telling—that one of the concerns around generative artificial intelligence has to this point largely revolved around copyright infringement. The most high-profile lawsuits around GenAI have so far...
Fraud’s Foe: How MFA Shuts the Door on Cybercriminals
Jul 15 2024 // As cyber threats become increasingly sophisticated, securing user identities is paramount. Multi-factor authentication (MFA) is a formidable defense, requiring multiple verification methods to authenticate identity. This...
Iowa Woman Sentenced for Pet Insurance Fraud
Jul 11 2024 // An Iowa woman was sentenced on July 2, 2024 after pleading guilty to Tampering With Records (Aggravated Misdemeanor) following an investigation by the Iowa Insurance Division’s Fraud Bureau. Sarah Rahm, age 39, of...
Crypto Hacking Thefts Double to $1.4B in First Half 2024
Jul 8 2024 // The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM...
OpenAI’s Internal AI Details Stolen in 2023 Breach, NYT Reports
Jul 5 2024 // A hacker gained access to the internal messaging systems at OpenAI last year and stole details about the design of the company’s artificial intelligence technologies, the New York Times reported on Thursday. The...
Career Criminal Sentenced on More Insurance Fraud Charges in South Carolina
Jul 2 2024 // A South Carolina man with a long criminal history has pleaded guilty to multiple insurance fraud and identity fraud schemes that had netted him more than $139,000. Marcus Blair, of Florence, South Carolina, has been...
Surgeons Can’t Slip Out of GEICO’s Latest RICO Fraud Lawsuit in NC, Judge Says
Jul 1 2024 // GEICO Insurance companies have continued their campaign against alleged auto insurance fraud actors, including some well-known physicians and medical clinics. And a federal judge ruled in June that two of those...
Supreme Court Curbs SEC’s In-House Judges in Fraud Cases
Jun 27 2024 // The US Supreme Court curbed the Securities and Exchange Commission’s ability to press complaints before in-house judges, saying defendants have a constitutional right to make their case to a federal jury when the...
Evolve Bank & Trust Confirms Data Was Stolen in Cyberattack
Jun 27 2024 // Evolve Bank & Trust confirmed it was the victim of a cyberattack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk...
Former Maryland State Employee Indicted in Theft, Insurance Fraud Cases
Jun 26 2024 // Maryland Attorney General Anthony G. Brown announced the indictment of a former state employee in two separate cases involving theft and insurance fraud. Shanell Angelia West, of Essex, was allegedly involved in a theft...
Florida Governor Suspends City Councilwoman Indicted on Insurance Fraud Charges
Jun 26 2024 // A Florida city council member has vowed to return to office after Gov. Ron DeSantis suspended her over allegations that her clinic overbilled and defrauded health insurers. The Miami Herald and multiple news outlets...
