Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
North Carolina, Florida Among States With Most Reported Heavy Equipment Thefts
Oct 24 2013 // A report this month from the National Insurance Crime Bureau (NICB) shows five of the top 10 states nationwide with the most reported heavy equipment thefts are from the Southeast region. In NICB’s “Equipment...
Jury Finds Bank of America Liable for Countrywide Mortgage Fraud
Oct 24 2013 // Bank of America Corp. was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials stemming from the financial crisis. After a...
Two Arrested in Alleged Staged Accident Scam in North Carolina
Oct 23 2013 // North Carolina’s Insurance Commissioner Wayne Goodwin this week announced the arrest of two people in an alleged insurance fraud scheme involving a staged auto accident in Pitt County. The state insurance...
California Construction Firm Owner, Family Sentenced for WC Fraud
Oct 22 2013 // The owner of a Northern California construction company and his family members in were convicted of committing workers’ compensation insurance premium fraud. Jeffrey Thranow, 59, owner of Costa Bella Builders was...
Florida Man Gets 7 Years in New Jersey Insurance Fraud Scam
Oct 21 2013 // A Florida man who worked for a now-defunct southern New Jersey construction company has been sentenced to seven years in state prison for his role in a home-repairs scam.. The New Jersey attorney general’s...
The New Target for Cybercriminals
Oct 21 2013 // Businesses both large and small, across industries, fall victim to data breaches every day. One of the top targeted industries remains financial services. Top financial institutions have made headlines in a string of...
Insurer Auditor, Others Sentenced for Workers’ Comp Fraud
Oct 21 2013 // A former workers’ compensation auditor in West Virginia has been sentenced to six years in federal prison for taking bribes in exchange for allowing coal company contractors to underreport their payroll. Prosecutors...
Multimillion Dollar Workers’ Compensation Fraud Probe Leads to West Virginia Bank
Oct 17 2013 // A federal investigation into a multi-million-dollar workers’ compensation scheme extended to the Bank of Mingo in southern West Virginia, where authorities seized computer hard drives and documents. FBI Special Agent...
Florida Clinic Owner Could Get 75 Years in PIP Fraud Case
Oct 16 2013 // A Florida clinic owner is facing up to 75 years in prison for being involved in a scheme to fraudulently obtain medical payments under the state’s no-fault auto insurance law. State investigators said they found that...
Burnett Named Chief of Oklahoma Workers’ Comp Fraud Unit
Oct 16 2013 // Oklahoma Attorney General Scott Pruitt has named longtime prosecutor George Burnett as the new chief of the Workers’ Compensation, Insurance, and Social Security Fraud Unit. The appointment was announced Oct....
Texas Business Found Guilty of Workers’ Comp Fraud
Oct 15 2013 // Texas Mutual Insurance Co. reported that a jury in Travis County found Ramco Group LLC guilty on workers’ compensation fraud-related charges. The district court ordered Ramco to pay restitution of $15,567, a $15,000...
AIG Sued by Small Businesses Over Workers’ Compensation Reporting
Oct 10 2013 // Class action lawsuits in federal courts on both coasts have been initiated on behalf of small businesses in California, New York and New Jersey against American International Group (AIG) over workers’ compensation...
Arizona Forgery Ring Suspect Sentenced For Insurance Fraud
Oct 9 2013 // Frederick Farris pled guilty to attempted fraud schemes and artifices, which is a class 3 felony, and was sentenced to 6.5 years in Arizona State Prison. Ferris was found in possession of forged insurance claim checks. The...
Allstate Wins Major Medical Fraud Lawsuit in Nevada
Oct 7 2013 // Allstate Insurance Co. received a judgment of more than $7 million following a Racketeering Influenced and Corrupt Organizations investigation nearly 10 years in the making. It is the company’s first medical fraud...
Ex-Iowa Insurance Agent Pleads Guilty in Mail Fraud Case
Oct 7 2013 // A Marshalltown, Iowa, insurance agent accused of selling customers fake insurance policies has pleaded guilty to a charge of wire fraud in a plea agreement reached with prosecutors. In exchange for the guilty plea four...
2 from Kentucky, 1 from West Virginia Sentenced for Workers’ Comp Fraud
Oct 4 2013 // A West Virginia man and two Kentucky residents have been sentenced for their roles in a workers’ compensation scheme. The Charleston Gazette reported that Jerome Edward Russell of Williamson, Frelin R. Workman of...
6 Indicted for Arson, Insurance Fraud Scheme in Missouri
Oct 1 2013 // Six people have been indicted by a federal grand jury in Missouri for their roles in an arson and insurance fraud conspiracy, Tammy Dickinson, U.S. Attorney for the Western District of Missouri, announced. One of the...
Montana Man Sentenced For Workers’ Comp Fraud
Sep 30 2013 // A 76-year-old Havre, Mont. man has been ordered to pay nearly $84,000 in restitution in a workers’ compensation fraud case. The U.S. Attorney’s Office says U.S. District Judge Dana Christensen also sentenced...
Kansas Attorney Sentenced on Insurance Fraud Charges
Sep 27 2013 // A Sharon Springs, Kan., attorney and former insurance agent has been ordered to repay $47,685 and will serve 18 months’ probation after pleading guilty to forgery, failing to forward an insurance premium, theft by...
Allstate Wins $7.7M Insurance Fraud Lawsuit in California
Sep 27 2013 // A Los Angeles County Superior Court has ruled in favor of Allstate Insurance Co. and the State of California in a lawsuit topping $7 million over fraudulent business and billing schemes by unlicensed medical and...
