Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Police Sergeant in Massachusetts Gets Jail Term in Insurance Fraud Scheme
Dec 5 2016 // A Massachusetts police sergeant has been sentenced to serve half a year in a county jail after he was convicted of lying about an on-duty accident and accepting insurance money for a bogus injury. A jury convicted Hingham...
Despite Decline, Ohio Still Leads Country in Metal Thefts
Dec 5 2016 // The number of metal thefts in Ohio dropped during the period 2013 through 2015, but the state still leads the country in metal theft crimes, an Ohio insurance industry trade group says. Citing a report by the National...
Vermont Ski Resort to Open with $6.5M Shortfall After Fraud Case
Dec 1 2016 // A ski resort whose owner and president were accused by the Securities and Exchange Commission of massive fraud months ago is set to open for the season on Saturday with what a federal receiver overseeing it says is a $6.5...
New York Accountant Admits Stealing $3M from Grain Shipper
Nov 30 2016 // A corporate accountant in New York admitted Monday to stealing at least $3.1 million from agribusiness giant Cargill, Inc., and causing $25 million in losses to the privately held company’s grain shipping operations...
Supreme Court Rejects Stanford’s Appeal of Ponzi Scheme Conviction
Nov 29 2016 // The U.S. Supreme Court on Monday rejected Texas financier Robert Allen Stanford’s bid to overturn his conviction and 110-year prison sentence for running what prosecutors called a $7.2 billion Ponzi scheme that...
Unlicensed Miami Agent Faces 72 Felony Counts for Stealing Escrow Payments
Nov 23 2016 // A Miami man has been arrested for alleged unlicensed insurance activity that resulted in the theft of at least $48,507 in escrow payments from 10 South Florida homeowners. The Florida Department of Financial...
Ex-Fire Company Treasurer in Pennsylvania Charged with Stealing Nearly $400K
Nov 21 2016 // A former Pennsylvania volunteer fire company treasurer who received a $400 annual stipend has been accused of stealing nearly 1,000 times that much from the organization. Fifty-one-year-old Agnes Patterson, of Hellertown,...
Woman Convicted in $7M Pennsylvania Insurance Fraud Scheme Charged Anew
Nov 21 2016 // A woman who spent more than seven years in prison for a $7 million insurance fraud and the unrelated death of a patient at her now-defunct Pennsylvania nursing home is in trouble with the law again. This time, the...
Trump Settles University Fraud Claims for $25 Million, Avoids Trial
Nov 20 2016 // President-elect Donald Trump agreed to pay $25 million to settle claims that his defunct Trump University cheated more than 6,000 students with false promises of teaching them his real estate secrets. The accord, announced...
New York Attorney General Concerned Trump May Gut Anti-Fraud Law
Nov 18 2016 // New York’s top law enforcement official said he does not want U.S. President-elect Donald Trump’s administration to “eviscerate” the state’s anti-fraud law that has dropped a hammer on Wall...
West Virginia Regulator Sues Alpha Natural on Fraud Allegations
Nov 18 2016 // West Virginia’s environmental regulator sued Alpha Natural Resources Inc’s former management on allegations of fraud on Wednesday, saying top executives should be held accountable for an unusual $100 million...
President-Elect Trump Seeks Delay in Fraud Trial Over His Real Estate University
Nov 18 2016 // Donald Trump is pulling out the stops to stall a fraud trial over his defunct real estate “university” until he’s president. Having earlier persuaded a federal judge to delay the trial until after last...
2 Former Postal Employees Convicted in Dallas for Workers’ Comp Fraud
Nov 17 2016 // Two former U.S. Postal Service employees have been convicted on felony charges related to a workers’ compensation fraud scheme, U.S. Attorney John Parker of the Northern District of Texas announced. McArthur Baker,...
Felony Charges for California Pair in $250K Classic Car Theft Claim
Nov 16 2016 // Two people from California were arrested on a scheme allegedly involving the reported theft of an expensive classic car. Constantine Petros, 54, of Petaluma, was arrested on Oct. 19 in Sonoma County. Also arrested was...
Sober-living Home Operators in California Charged in $176M Fraud Scheme
Nov 15 2016 // Former operators of a Southern California sober-living operation have been charged with fraud for allegedly keeping hundreds of people in what the state insurance commissioner calls a “never-ending cycle of...
Tesco Reveals $3M Was Stolen from 9,000 Customers in Recent Cyber Bank Theft
Nov 9 2016 // Retailer Tesco Plc’s banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a...
Tesco Bank’s Cyber Attack Investigated by UK’s National Crime Agency
Nov 8 2016 // Britain’s National Crime Agency (NCA) is leading a criminal inquiry into the theft of money from thousands of Tesco Bank accounts that the UK financial watchdog said was unprecedented. New cyber crime agency National...
Kentucky Reports 800% Increase in Court-Ordered Insurance Restitution Payments
Nov 8 2016 // The Fraud Division of the Kentucky Department of Insurance (DOI) announced that it has increased the amount of court-ordered restitution payments this year by more than 800 percent. The increase—from $369,762 in 2015 to...
Louisiana Man Sentenced for Stealing Sister’s Insurance Settlement
Nov 7 2016 // A Lafayette, La., man has been sentenced to nearly 5 years in prison for stealing nearly $1.5 million from an insurance settlement his sister received while she was incapacitated. News outlets report U.S. Attorney...
Cyber Criminals Steal Money from Nearly 20,000 Customers of UK’s Tesco Bank
Nov 7 2016 // Tesco Bank, the lending arm of the U.K.’s biggest grocer, said it suspended online transactions after about 20,000 customers had money fraudulently taken from their accounts. About 40,000 of the bank’s 136,000...
