Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Arkansas Insurance Fraud Convictions Result in Fines, Restitution
Oct 12 2016 // The Arkansas Insurance Department has announced recent statewide insurance fraud convictions that stipulate fines and restitution. They are: Frederick Randle, 46 of England, pleaded guilty in Pulaski County Circuit Court...
Hiscox Launches Crime Cover to Protect UK & Irish SMEs Against Fraud
Oct 6 2016 // Specialist insurer Hiscox has launched a new crime product, Hiscox Crime Insurance, designed to protect small businesses in the UK and Ireland against a broad range of fraudulent acts from both internal and external...
Greenberg Denies Getting Involved in Details of Reinsurance Deals
Oct 6 2016 // Maurice “Hank” Greenberg told a judge that he was just too busy to commit fraud. After 4 1/2 days of intense questioning by a government lawyer, Greenberg finally got to elaborate on his defense to civil fraud...
Lien Consolidation Court, Fraud Part of Focus at California Comp Conference
Oct 5 2016 // The state’s top two labor officials were understandably high on the impact they expect two bills recently signed by Gov. Jerry Brown will have on California’s workers’ comp system and bad actors who have...
Wells Fargo Account Scandal Included Small Businesses, Says Senator
Oct 5 2016 // The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope the bank’s issues with unauthorized...
Louisiana Police Jury Sues Travelers in Effort to Recover Stolen Money
Oct 3 2016 // The Rapides Parish Police Jury has hired a law firm to try to recover money they say was stolen from the District Attorney’s Office by an employee. The police jury, which is the governing authority for the parish,...
Arkansas Woman Sentenced to 3 Years in Jail for Insurance Fraud
Sep 29 2016 // A Little Rock, Arkansas, woman has been sentenced to a three-year prison sentence after being convicted of felony insurance fraud in a case involving a reported car accident involving a U-Haul rental vehicle. The Arkansas...
Owners of a Massachusetts Company Charged in Workers’ Comp Fraud Scheme
Sep 29 2016 // The owners of Caron Contracting, a Fall River, Mass., based contracting company, have been indicted on charges of workers’ compensation fraud over failure to disclose the true nature of their company’s work,...
The State of Property Crime in U.S.
Sep 27 2016 // Property crimes resulted in losses of $14.3 billion in the U.S. in 2015, with $4.9 billion of those losses due to motor vehicle thefts, according to the FBI’s Uniform Crime Reporting (UCR) Program. The FBI report,...
California Wells Fargo Ex-Employees File $2.6B Class Action Against Bank
Sep 25 2016 // Two former Wells Fargo & Co. employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced...
Ironshore’s IronPro Launches Cyber Crime Product for English & Welsh Solicitors
Sep 23 2016 // IronPro, Ironshore’s financial and professional lines unit, is introducing Ironshore CyberCrime and DataProtect for English and Welsh Solicitors. Paragon International Insurance Brokers, a London-and-Bermuda-based...
Former L.A. Broker Convicted of Stealing Insurance Premiums
Sep 21 2016 // Martin McCloskey, 69, of Piñon Hills, Calif., pleaded guilty this week to three felony counts of grand theft and theft of fiduciary funds after defrauding his customers by failing to remit to insurance companies more than...
Ex-Head of Pennsylvania Hospice Faces Insurance Fraud Charges
Sep 21 2016 // A woman who formerly headed a suburban Pittsburgh hospice faces sentencing on a health care fraud charge accusing her of using patients who weren’t terminally ill to collect millions of dollars in false Medicare and...
2 Mexican Physicians Sentenced in Texas for Fake Accident-Related Insurance Fraud
Sep 19 2016 // Prosecutors in South Texas say two doctors from a family medicine clinic in Mexico must serve nearly three-year U.S. prison terms for insurance-related fraud. Dr. Mayolo Melchor and 61-year-old Dr. Bertha...
Pennsylvania City Fleet Supervisor Admits Theft in $400K Auto Shop Fraud
Sep 19 2016 // A former city fleet supervisor in Philadelphia has admitted to theft and conspiracy charges in a scheme that prosecutors say steered work to an auto body shop that overcharged the city more than $400,000. The Philadelphia...
Treasurer of Rhode Island Charity Sentenced for Stealing Nearly $186K
Sep 19 2016 // The treasurer of a Rhode Island children’s charity has been sentenced to prison for stealing nearly $186,000 from the organization. U.S. Attorney Peter Neronha says Robert Lonardo, of Burrillville, was sentenced...
Senate Bill Would Help Claimants of Artwork Stolen by Nazis
Sep 19 2016 // Heirs trying to recover artwork lost to Nazi looting during World War II could get some help under a bill approved by a Senate panel on Thursday. The bipartisan legislation backed by the Senate Judiciary Committee on a...
Louisiana Police Jury Seeks to Recover Stolen Money, Sues Insurer
Sep 16 2016 // The Rapides Parish Police Jury has hired a law firm to try to recover money they say was stolen from the District Attorney’s Office by an employee. The police jury, which is the governing authority for the parish,...
Pennsylvania Man Pleads Guilty to Stealing $1.8M from QVC Shopping Network
Sep 15 2016 // A man who spent several years as the lighting manager for online and TV shopping network QVC has pleaded guilty to stealing about $1.8 million from the company. Douglas Rae pleaded guilty to stealing from the West...
Former Ohio Insurance Agent Sentenced for $58K Grand Theft
Sep 13 2016 // A former Ohio insurance agent and agency owner has been sentenced for grand theft after pleading guilty to misappropriating more than $58,000 from two clients, the Ohio Department of Insurance announced. Charles Gabel, of...
