Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Michigan Golf Club Pays $440K Settlement for Alleged Fraudulent Pandemic Loan
Aug 28 2024 // RICHLAND, Mich. (AP) — A golf club in southwestern Michigan has agreed to pay $440,000 to settle allegations that it wrongly obtained a loan through a federal program during the COVID-19 pandemic, authorities said...
Kansas Man Sentenced for Securities Fraud
Aug 27 2024 // Kansas Insurance Commissioner Vicki Schmidt announced that a Wichita man has been sentenced to prison for securities fraud. Jesse Wayne Harris, age 36, was sentenced in Sedgwick County District Court on August 20 to 30...
Telegram CEO Held Over Alleged Failure to Stop Crime on App
Aug 27 2024 // Pavel Durov, the chief executive officer of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material. The...
FBI: From Cybercrime to Terrorism, America Faces Many Elevated Threats ‘All at Once’
Aug 23 2024 // The country is facing heightened threats from many corners at a time when law enforcement agencies are struggling, FBI Director Christopher Wray said in an exclusive interview, adding that he is “hard pressed to...
WV Volunteer Fire Official Pleads to Insurance Fraud After Burning Down His Home
Aug 23 2024 // A former West Virginia volunteer fire official is awaiting sentencing after he admitted to setting fire to his home, filing an insurance claim, and using the fire department’s credit card for personal gain. Donald A....
Scrap Metal Dealer Pleads Guilty in Multistate Catalytic Converter Theft Conspiracy
Aug 23 2024 // A scrap metal dealer with a Virginia shop pled guilty this week to theft and tax charges related to his participation in a multi-state catalytic converter theft conspiracy. According to court documents, Theodore Nicholas...
Virginia County Police Report Some Success Against High-End Theft Rings
Aug 22 2024 // It took seven people, 15 seconds and a fire extinguisher. With that, a seven-person crew from Pennsylvania made off with more than $60,000 in luxury goods from the Chanel store in the posh Tysons Galleria mall in northern...
Crimes Against Customers: Part 1 – Financial Crimes
Aug 13 2024 // This post is part of a series sponsored by AgentSync. Insurance compliance is serious business. Falling out of compliance can have real consequences for everyone from insurance agencies, carriers, MGAs, and MGUs, to...
SEC Sues Over Alleged $650 Million Global Crypto Fraud
Aug 13 2024 // The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide,...
Hyundai, Kia Software Upgrades Cut Theft Rates By More Than Half, HLDI Finds
Aug 9 2024 // Anti-theft software upgrades provided for Hyundai and Kia vehicles regularly targeted by thieves has cut theft rates by more than half, according to new research from the Highway Loss Data Institute. Theft rates of the...
Georgia Woman Charged with Insurance Fraud After Claimed Injuries
Aug 6 2024 // A woman in north Georgia has been charged with insurance fraud after she claimed that a “personal care device” caused injuries that cost as much as $350,000 to treat. Kamala Anderson, 45, of Snellville, was...
3 Plead Guilty to Insurance Fraud After Washington Insurance Commissioner Investigations
Aug 6 2024 // Three suspects pleaded guilty to insurance fraud in May and June after investigations by Washington Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit. The fraud cases included a suspect from Qatar...
Justice Deptartment Launches Whistleblower Program Aimed at Corporate Crime
Aug 5 2024 // The U.S. Justice Department on Aug. 1 debuted its first-ever whistleblower program offering monetary awards to tipsters who report certain types of corporate misconduct, an effort designed to ratchet up the pressure on...
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...
