Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
South Carolina Store Owner Found Guilty of Insurance Fraud
May 20 2013 // A South Carolina jury has found a Hartsville store owner guilty of faking an assault and setting fire to her own store to get insurance money. The Morning News of Florence reported a judge sentenced 47-year-old Claudette...
Former Louisiana Insurance Agent Gets 5 Years in Fraud Case
May 20 2013 // A 35-year-old Denham Springs, La., man has been sentenced in Baton Rouge federal court to nearly five years in prison and ordered to pay two life insurance companies more than $1.4 million for frauds he committed against...
Criminal Investigation Launched into Texas Fertilizer Explosion
May 20 2013 // Texas law enforcement officials said on May 10 that they are beginning a criminal investigation into the fertilizer plant fire and explosion that occurred on April 17 in West, Texas. Texas Department of Public Safety (DPS)...
State Farm Appeals Katrina Fraud Ruling in Mississippi
May 20 2013 // State Farm Fire and Casualty Co. is asking a judge to void a jury’s finding that the company defrauded the government in a case involving a policyholder claim after Hurricane Katrina. The verdict came in April in a...
Five Arrested In California Million-Dollar Mobile Phone Insurance Scam
May 17 2013 // Five Northern California residents were arrested by California Department of Insurance fraud investigators and booked into the Sacramento County jail and charged with multiple felony counts related to alleged insurance...
Former Texas Agent Convicted in Insurance Fraud Scam
May 15 2013 // A former Texas insurance agent has been convicted of a first-degree felony for diverting more than $150,000 in premium payments for personal use, the Texas Department of Insurance reported. The DOI said Leslie Ray Collins...
8 Indicted in New York Over $2M Staged Auto Accident Conspiracy
May 14 2013 // New York authorities indicted eight defendants last week with mail fraud and conspiracy to commit mail fraud in connection with a scheme to defraud multiple insurance companies. According to the indictment, these...
Marsh & McLennan Offers Organized Crime Insurance in Mexico
May 14 2013 // The Mexican unit of insurer Marsh & McClennan Companies Inc said on Monday it is launching a policy that will cover terrorism, organized crime and sabotage, the first such policy available in a country wracked by...
State Farm Appeals Katrina Fraud Ruling in Mississippi
May 13 2013 // State Farm Fire and Casualty Co. is asking a judge to void a jury’s finding that the company defrauded the government involving a policyholder claim after Hurricane Katrina. Motions filed in U.S. District Court in...
Crime Victim Fund Eligibility Expands in Mississippi
May 13 2013 // The family of a student killed or injured while boarding or exiting a school bus in Mississippi can now qualify to receive money from the state Crime Victim Compensation Fund. House Bill 710 expands the eligibility for the...
New York Senate OKs Legislative Package to Fight Auto Insurance Fraud
May 10 2013 // The New York State Senate approved three bills that aim to cut down on auto insurance scams by increasing penalties for those who commit or assist in the fraud and by giving more flexibility to insurance companies to...
Officials to Launch Criminal Investigation into Texas Fertilizer Explosion
May 10 2013 // Texas Department of Public Safety (DPS) Director Steven McCraw has directed the Texas Rangers to join McLennan County Sheriff Parnell McNamara in launching a criminal investigation into the fertilizer plant explosion that...
$45 Million Global Cyber Bank Theft: Who Pays the Losses?
May 10 2013 // In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S....
Judge: U.S. Can Sue Bank of America Over Toxic Mortgages Under FIRREA
May 8 2013 // A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp. over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal...
Louisiana Ex-Furniture Store Operator Pleads Guilty in Fraud Case
May 8 2013 // A former operator of a Baton Rouge, La., furniture store destroyed by a fire in 2006 pleaded guilty to a wire fraud charge stemming from the blaze and was put on probation. The Advocate reported that Ron Henderson, who...
AIG May Pursue Fraud Case vs. BofA over Countrywide
May 7 2013 // American International Group Inc. may pursue a lawsuit accusing Bank of America Corp.’s Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed...
2 Mass. Men Sentenced for Fraudulently Collecting $23K in Insurance Payments
May 7 2013 // Massachusetts authorities announced this month that two men have pleaded guilty to charges they fraudulently collected an insurance payment of more than $23,000. “These defendants conspired to obtain payment for a...
Group Says New Maryland Law Slams Door on Rebates by Shady Contractors
May 3 2013 // More Maryland homeowners will avoid a costly trap by predatory contractors thanks to a new law, the Washington, D.C.-based Coalition Against Insurance Fraud said. Maryland Senate Bill 736 was signed into law by Gov. Martin...
Former Colorado Insurance Exec Guilty Of Securities Fraud
May 3 2013 // Former insurance executive Michael Van Gilder has pleaded guilty to securities fraud in an insider-trading case connected to billionaire Kirk Kerkorian’s 2008 investment in Denver-based Delta Petroleum. According to...
U.S. Presses China to Stop Growing Trade Secret Theft
May 2 2013 // The U.S. Trade Representative’s office criticized China on Wednesday for failing to stop the growing theft of American trade secrets that are the lifeblood of U.S economic might, in the latest sign of...
