Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Illinois Governor Signs Gun Law on Background Checks, Thefts
Aug 20 2013 // Illinois gun owners who fail to report the theft or loss of a weapon will face tougher restrictions under a new law signed by Gov. Pat Quinn. The law closes a background check loophole for the sale or transfer of a firearm...
Government Wins Bid to Apply FIRREA Fraud Law in Banks’ Mortgage Cases
Aug 20 2013 // A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the U.S. Justice Department is trying to use in cases against Wall Street banks. U.S. District Judge Jed Rakoff in Manhattan said...
Ohio Woman Sentenced for Fraud Involving $60K Insurance Claim
Aug 16 2013 // Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced that Patricia Young, of Piqua, was sentenced to three years of community control and 17 months incarceration (suspended) in Miami County...
Trade Group Applauds 2 N.Y. Laws That Target Counterfeit Airbags, VIN Forgeries
Aug 13 2013 // New York Gov. Andrew Cuomo recently signed two pieces of legislation that seek to put greater fraud protections in place and increase safety for the state’s drivers and passengers. The New York Insurance Association...
Data Shows Decline in Boat Thefts in Ohio
Aug 12 2013 // Authorities say recently released statistics show boat thefts in Ohio continued to decline last year. Data compiled by the nonprofit National Insurance Crime Bureau shows that about 95 boats and other watercraft were...
Ex-Construction Firm Worker Admits Role in N.J. Insurance Fraud
Aug 7 2013 // A Florida man who worked for a now-defunct southern New Jersey construction company has admitted his role in a scheme in which he purposely damaged homes he claimed had been hit by hail. New Jersey authorities announced...
Judge: Fraud Convict’s Wife Can’t Get Policy Money
Aug 7 2013 // The wife of a man convicted of bilking millions of dollars out of people in North Dakota, South Dakota, Minnesota and elsewhere in an investment fraud scheme cannot collect proceeds from his insurance policy, a federal...
Washington Nationals Sue Crime Insurer Over Player’s Lie About Age
Aug 7 2013 // Major League Baseball’s Washington Nationals sued an insurance company for $1 million for declining to provide crime insurance coverage for an alleged fraud scheme involving a team executive linked to the signing of...
Yamaha WaveRunner Leads in Boat Thefts
Aug 5 2013 // Yamaha Motor Co.’s WaveRunner was the most sought-after watercraft among U.S. thieves in 2012 as Florida had the highest number of stolen boats, an insurance- industry group said. A total of 538 WaveRunners were...
One-Third Fail to Activate Theft Prevention Measures on Their Homes
Aug 5 2013 // Almost of a third of American homeowners who have anti-theft devices on their homes don’t use them – even during the summer when burglars are at their busiest. A survey commissioned by Nationwide Insurance found...
Md. Regulators Issue First-Ever Civil Fraud Orders
Aug 5 2013 // The Maryland Insurance Administration issued on July 23 its first administrative orders under newly granted authority to pursue civil cases of insurance fraud. The authority took effect last October following passage of...
Auto Insurance Fraud: Is There a Solution?
Aug 5 2013 // Industry estimates put personal auto insurance fraud at about 10 percent of paid losses and loss adjustment expenses a year. That equates to roughly $13.3 billion in 2011 alone. And the overall trends don’t appear...
Texas Business Indicted on Workers’ Comp Fraud Charges
Aug 2 2013 // A Travis County, Texas grand jury has indicted Mark Edward Helm and McClanahan Drywall Inc., of Emory, Texas, on workers’ compensation fraud-related charges. Helm was an officer of McClanahan Drywall Inc. and...
Northwestern Settles Cancer Research Whistleblower Fraud Claim
Aug 1 2013 // Federal prosecutors in Chicago have announced Northwestern University has agreed to pay nearly $3 million to settle a whistleblower’s lawsuit involving alleged cancer research fraud. The lawsuit claimed the...
Ex-Insurance Agent From Iowa Indicted On Mail Fraud Counts
Aug 1 2013 // A former Marshalltown, Iowa insurance agent has been indicted on federal mail fraud charges after being accused of defrauding customers for nearly a decade. The Marshalltown Times-Republican reported that 65-year-old...
N.J. Offers Tips to Assist Consumers Who Purchase Auto Insurance Online
Jul 31 2013 // New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski is offering tips to shoppers to help them make educated choices and avoid scams when purchasing auto insurance online. Commissioner Kobylowski said...
Gregory to Lead Ohio BWC’s Fraud Investigations Department
Jul 30 2013 // Rick Gregory has been selected as director of the Special Investigations Department (SID) at the Ohio Bureau of Workers’ Compensation (BWC). Gregory will oversee 123 employees who work to deter, detect, investigate...
True-Crime Writer Ann Rule Sues Washington Newspaper
Jul 25 2013 // True-crime author Ann Rule is suing a weekly Seattle newspaper, saying she was defamed in 2011 when the fiance of a convicted killer wrote a lengthy article accusing her of “sloppy storytelling.” The lawsuit,...
Cruise Lines Agree to Post Ship Crime Statistics
Jul 25 2013 // Carnival Corp., Royal Caribbean Ltd. and Norwegian Cruise Line Holdings Ltd., the target of proposed legislation after high profile mishaps at sea, will voluntarily publish more data about crimes on their cruises. Adam...
Maryland Insurance Administration Issues First-Ever Civil Fraud Orders
Jul 24 2013 // The Maryland Insurance Administration on Tuesday issued its first administrative orders under newly granted authority to pursue civil cases of insurance fraud. The authority took effect last October following passage of...
