Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
The Fight Against Employee Theft
Nov 4 2013 // Fraud remains a big threat to businesses, and new technologies are creating new ways for employees to embezzle and rip off their company. “The 2012 Marquet Report on Embezzlement” shows that the number of major...
Former Kansas City Worker Admits Insurance Fraud
Nov 1 2013 // A former Kansas City municipal court employee has pleaded guilty in a scheme to use an insurance member benefit program to illegally rack up tens of thousands of dollars in gift cards. The U.S. attorney’s office says...
FBI: California Senator Tied up in Workers’ Comp Fraud
Oct 31 2013 // An FBI investigation shows that state Sen. Ronald Calderon accepted bribes from a hospital executive in Southern California who ran an alleged workers’ compensation scheme, the Al Jazeera America news outlet is...
California Lodge Owner Convicted Of Insurance Premium Fraud
Oct 31 2013 // Brookdale Lodge owner Sanjiv Kakkar, 52, was sentenced to 364 days in jail and three years of probation after pleading no contest for two felony counts including insurance premium fraud and failing to maintain...
1 Year After Sandy, N.J. Urges Consumers to Stay Vigilant About Insurance Fraud
Oct 29 2013 // One year after Superstorm Sandy struck the state, New Jersey Department of Banking and Insurance (DOBI) Commissioner Ken Kobylowski is cautioning consumers to remain vigilant about insurance fraud. “Each year,...
Justice Department Wielding FIRREA in Financial Fraud Cases
Oct 29 2013 // The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation’s largest banks over conduct that fueled the financial crisis. To convince a jury that Bank of...
Texas DPS Touts Success of Border Crime, Vehicle Safety Initiative
Oct 25 2013 // The Texas Department of Public Safety (DPS) announced that a multi-agency law enforcement initiative, dubbed Operation Strong Safety, that targeted crime, unsafe commercial vehicles and unsafe driving practices has been...
Central Texas Hospital System Says Computer Stolen
Oct 25 2013 // A Central Texas medical group has notified Austin police about the theft of a laptop computer with personal data from patients. Officials with Seton Healthcare Family on Oct. 22 announced the theft and its commitment to...
$32M In California To Fight Workers’ Comp Fraud
Oct 24 2013 // California Insurance Commissioner Dave Jones awarded $32 million in grants to district attorneys across 36 counties in the state to combat workers’ compensation fraud. The grants, funded through employer assessments,...
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...
