Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Tip Hotlines Are Effective in Preventing, Detecting Employee Fraud
Jan 13 2014 // Most occupational frauds are discovered by an anonymous tip, experts say, and fraud reporting mechanisms such as hotlines are encouraged as effective means of uncovering and discouraging employee fraud. The Association of...
N.J. Third-Party Insurance Administrator Sentenced for Stealing $462K
Jan 10 2014 // The primary owner and operator of a third-party insurance administrator in New Jersey has been sentenced to seven years in state prison after being convicted at trial of stealing approximately half a million dollars from a...
Ex-Texas School Boards Official Admits Stealing $500K from Insurance Fund
Jan 10 2014 // The former workers’ compensation claims chief for the Texas Association of School Boards admits to stealing more than $500,000 from the group’s insurance fund. Federal prosecutors say Herman G. Wilks pleaded...
Ohio Roofer Pleads Guilty to Insurance Fraud, Federal Charges
Jan 9 2014 // The owner of a southwest Ohio roofing company has pleaded guilty to charges of employing immigrants who are in the country illegally, filing false tax documents and insurance fraud. Gregory Oldiges, 55, could be sentenced...
IRS Reports Big Jump in Identity Theft Probes
Jan 8 2014 // The Internal Revenue Service started 1,492 criminal investigations into the use of tax returns to commit identity theft in the year that ended Sept. 30, a 66 percent increase, the agency said today. The data release comes...
NYPD, FDNY Retirees Among Dozens Charged With Disability Fraud
Jan 8 2014 // More than 100 retirees, most of whom worked for the New York City police and fire departments, were charged with stealing benefits from a federal disability program by lying about psychiatric conditions. Manhattan District...
Prudential Fraud Claims Against Goldman Sachs Over Securities Dismissed
Jan 7 2014 // Prudential Financial Inc. agreed to dismiss its claims that Goldman Sachs Group Inc. engaged in fraud and racketeering in selling $375 million of residential mortgage-backed securities, a court order shows. U.S. District...
Ohio Targets Scrap Metal Thefts by Tracking Sales
Jan 5 2014 // Ohio has begun testing a scrap metal sales database in its effort to curb widespread metal thefts. The Dayton Daily News reports that the Ohio Department of Public Safety is working with selected dealers to input sales...
Stolen Laptop Contained Data on S.C. Health Insurance Pool Members
Dec 31 2013 // A laptop stolen from an auditor’s car contained the personal information of more than 3,400 members of the South Carolina Health Insurance Pool, an attorney hired by the pool told The Associated Press on Monday. The...
Overseas Hackers Suspected in Target Breach; Stolen Data Reported Selling Online
Dec 24 2013 // Investigators believe that overseas hackers were responsible for the cyber attack on U.S. retailer Target Corp. that compromised up to 40 million payment cards during the first three weeks of the holiday shopping season, a...
Cellphone Records Call Up Fraud Against Washington Woman
Dec 23 2013 // An investigation by Washington Insurance Commissioner Mike Kreidler’s office has resulted in charges of theft and fraud against a Tacoma woman who attempted to collect insurance money for a car she claimed was stolen...
New Jersey Chiropractor Sentenced in $89K Insurance Fraud
Dec 22 2013 // A northern New Jersey chiropractor was sentenced to state prison for causing false documentation to be submitted to insurance companies and subsequently receiving over $89,000 to which he was not entitled. Joseph Salomone,...
New Jersey Roofer Indicted for Alleged Workers’ Compensation Fraud
Dec 22 2013 // Authorities have charged the head of a central New Jersey roofing company with stealing more than $265,000 through alleged insurance fraud. The state attorney general’s office says Charles Kelcy Pegler Sr., was...
Happy Holidays: Target’s Message May Put Scare Into Firms Without Cyber Coverage
Dec 20 2013 // Target Corp.’s data breach headache may be an opportunity for insurance carriers, insurance agents, risk managers and businesses to spread the word about cyber risk – although the message is bit of a scary one. The...
R.I. Woman Charged With Workers’ Comp Fraud, Ordered to Pay $10K
Dec 20 2013 // A 76-year-old Providence, Rhode Island, woman must pay $10,000 in restitution on a charge of obtaining money under false pretenses for allegedly collecting workers’ compensation benefits while she was employed. The...
Target Credit Card Breach a Reminder U.S. Lags in Personal Data Security
Dec 20 2013 // The security breach of credit and debit card data at Target Corp. is evidence of the increasing threats retailers face and a reminder that the U.S. lags behind much of the world in securing personal financial...
Former California Broker Charged With Identity Theft And Forgery
Dec 19 2013 // Former insurance agent Eugene Shy-Ren Hsu, 31, of West Covina, Calif., was arrested by Department of Insurance officers and charged with multiple felony counts. The charges include grand theft, forgery, and identity theft...
New York to Provide $4M Grant Funding to Fight Auto Theft, Insurance Fraud
Dec 19 2013 // New York Gov. Andrew Cuomo announced the state will provide nearly $4 million in grant funding to 29 local police departments, district attorneys’ offices and other agencies in the state to combat motor vehicle theft...
BP Seeks Halt to Oil Spill Payments to Seafood Firms, Alleges Attorney Fraud
Dec 18 2013 // BP Plc asked a U.S. judge to stop payments in the $2.3 billion seafood-industry portion of its settlement over the 2010 Gulf of Mexico oil spill pending an investigation of fraud claims against a plaintiffs’...
Insurance Crime Bureau: 38% Drop in Questionable Claims in Michigan
Dec 16 2013 // Questionable insurance claims in Michigan dropped by 38 percent from 2010 through 2012, according to the National Insurance Crime Bureau (NICB). Questionable claims (QC) are those claims that NICB member insurance...
