Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
North Carolina Arrests 5 in Alleged Staged Accidents; 2 Suspects Sought
Jan 28 2014 // North Carolina Insurance Commissioner Wayne Goodwin this week announced the arrests of five people in an alleged insurance fraud scheme involving several staged auto accidents in Buncombe County. Department of Insurance...
Ohio Chiropractor Owes nearly $70K for Workers’ Comp Fraud
Jan 28 2014 // An Ohio chiropractor was sentenced to pay nearly $70,000 in restitution and investigation costs to the Ohio Bureau of Workers’ Compensation (BWC). Tariq Arif pleaded guilty Jan. 13 in the Franklin County Court of...
Louisiana Clinic Worker Arrested for Prescription Drug Fraud
Jan 28 2014 // Baton Rouge, La., police have arrested one man accused of being part of a prescription drug ring in which more than 200 fraudulent prescriptions for the powerful pain-killing drugs oxycodone and hydrocodone from a Baton...
Companies Can’t Stop Data Theft at Reasonable Cost: Execs at Davos
Jan 24 2014 // Fighting online data fraudsters is almost impossible as their ability to hack into new technology often outpaces companies’ efforts to protect it, senior businessmen and bankers gathering for the World Economic Forum...
Portrait of an Employee Fraudster
Jan 23 2014 // Fraud Schemes Depend on Opportunity, Incentive, Rationalization It may come as a surprise to some that the typical fraudster in the workplace is not the bad-attitude ne’er-do-well that slinks off into the corner when...
San Antonio Man Sentenced for Workers’ Comp Fraud
Jan 23 2014 // Travis County district court sentenced Anthony Coleman Garza of San Antonio on workers’ compensation fraud-related charges, according to an announcement by Texas Mutual Insurance Co. The court sentenced Garza to...
Industry Groups Applaud N.Y. Gov.’s Initiative to Crack Down on Auto Fraud
Jan 22 2014 // Insurance associations are applauding New York Gov. Andrew Cuomo’s proposal for a multi-pronged approach to combating auto insurance fraud. The initiative was outlined in the 2014–2015 executive budget proposal...
Officials Suspect 2 Nabbed in Texas Linked to Target Fraud Case
Jan 22 2014 // Two Mexican citizens who were arrested at the border used account information stolen during the Target security breach to buy tens of thousands of dollars’ worth of merchandise, according to a South Texas police...
New York’s AG Forms New Bureau to Fight Complex Financial Crimes
Jan 21 2014 // New York Attorney General Eric Schneiderman expanded an existing criminal bureau to include a focus on financial wrongdoing two years after Governor Andrew Cuomo created a regulator with a similar mandate. Gary Fishman,...
Threats from Cyber Crime, Terrorism Under-Rated by Captives: Aon Report
Jan 17 2014 // Aon Global Risk Consulting, the risk management consulting arm of Aon plc has conducted further research to understand more about organizations’ attitudes to the top threats they face in today’s hyper connected...
N.J. Police Officer Loses Job, Sentenced to 3 Years Probation for Insurance Fraud
Jan 15 2014 // A Newark, New Jersey, police officer who had his sport utility vehicle set on fire and then filed a false insurance claim has been spared a prison term. Essex County prosecutors in New Jersey say 41-year-old Johnathan...
Portrait of an Employee Fraudster
Jan 13 2014 // Schemes Depend on Opportunity, Incentive, Rationalization It may come as a surprise to some that the typical fraudster in the workplace is not the bad-attitude ne’er-do-well that slinks off into the corner when faced...
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...
