Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Report: Vehicle Theft Falls, California Still Dominates Top 10 List
Jun 20 2012 // The National Insurance Crime Bureau reported 2011 is on track for another consecutive year of declining vehicle thefts, but California still dominates the top 10 list for areas highest auto theft rates. Seven of the top 10...
Former Mass. Lawyer Found Guilty of Stealing $186K From Clients
Jun 19 2012 // A former Greenfield, Massachusetts, attorney was convicted Monday in connection with stealing over $186,000 from an elderly couple he represented in a personal injury settlement involving an auto accident, according to...
Stanford’s Lawyers Plan to Appeal 110-Year Sentence
Jun 19 2012 // Former billionaire Allen Stanford was sentenced in Houston to 110 years in prison on July 14 for running a $7 billion scheme in which he stole money from his investors to finance an extravagant lifestyle in the Caribbean....
Professional Liability Exposures Evolve with Changing Healthcare Environment
Jun 18 2012 // National healthcare reform legislation passed by Congress in 2010 may or may not survive consideration by the U.S. Supreme Court, but the healthcare system already has been evolving in ways that are likely to proceed...
Second Member of Alleged Auto Theft Crime Family Nabbed
Jun 14 2012 // Louis Miller, 55, has been arrested on felony charges related to an organized automobile theft ring that was operating in Northern California’s Bay Area. Miller’s bail has been set at $1 million. If convicted...
Maine Man Sentenced for Insurance Theft
Jun 11 2012 // A Maine man recently convicted of federal gun charges has pleaded no contest in state court to insurance fraud charges for burning down his house. Joseph T. Smith of Township 6 pleaded no contest last week to a charge of...
Southern Calif. Agents Nabbed In Million Dollar Ponzi Scheme
Jun 8 2012 // A current and a former insurance agent from Southern California have been arrested for allegedly running a million-dollar Ponzi scheme. Edwin Salazar, 34, of Downey, and Michael Zuniga, 41, of Fullerton have each been...
Louisiana Woman Convicted of Bank Theft, Will Pay $284K to Insurer
Jun 8 2012 // A federal judge has sentenced a former employee of Teche Federal Bank in New Iberia to 27 months in prison for embezzling over $387,000 between June 2008 and January 2011. On Wednesday, U.S. District Judge Rebecca Doherty...
North Dakota Woman’s Sentence for Theft from Insurance Agency Deferred
Jun 7 2012 // A woman who was accused of stealing almost $17,000 from the Devils Lake, N.D., insurance agency where she worked has been given a one-year deferred sentence. Melodi Newgren will have the offense wiped from her record if...
Markel Joins Cargo Theft and Recovery Service
Jun 6 2012 // Markel is now a member of CargoNet in an effort to assist policyholders in cargo theft prevention, response, and recovery. CargoNet, which provides information about supply chain risk, is a division of the Verisk Crime...
New Law in Oklahoma Toughens Penalties for Insurance Fraud
Jun 4 2012 // A bill recently passed and signed by the governor toughens the penalties for insurance fraud, Oklahoma officials say. Senate Bill 1439, requested by Insurance Commissioner John D. Doak, is expected to save taxpayers...
Tennessee Cracks Down on Roofing Contractor Fraud
Jun 4 2012 // Roofing contractors operating in Tennessee will have to provide residents whose homes are damaged due to tornadoes and other storms with more information about their company and about their rights to cancel contracts under...
Texas Steps Up Insurance Fraud Fight with New Prosecuting Teams
Jun 4 2012 // Two of Texas most populated counties now have teams dedicated to fighting insurance fraud. Harris County (Houston) and Bexar County (San Antonio) both have new insurance fraud prosecutors and investigators whose salaries...
Professional Liability Risks Evolve with Changes in Healthcare System
Jun 1 2012 // National healthcare reform legislation passed by Congress in 2010 may or may not survive consideration by the U.S. Supreme Court, but the healthcare system already has been evolving in ways that are likely to proceed...
N.J. Police Chief Convicted of Insurance Fraud Is Removed From Job
May 31 2012 // A judge on Wednesday ordered a convicted New Jersey police chief to forfeit his job. A jury convicted Hackensack Police Chief Ken Zisa of official misconduct and insurance fraud two weeks ago. The Record newspaper reports...
Missouri County Passes Copper Theft Ordinance
May 31 2012 // A new law in St. Louis County, Mo., addresses the frequent theft of copper, catalytic converters and air conditioner parts. The St. Louis County Council unanimously passed the measure that seeks to restrict the purchase...
Judge Reduces Prison Sentence of Chicago Insurance Mogul
May 31 2012 // A federal judge has spared a former Chicago executive the necessity of serving the final few months of his prison sentence for stealing millions from his insurance brokerage. U.S. District Judge Ruben Castillo, citing...
Appeals Court Upholds Mississippi Fraud Verdict Against Asbestos Lawyers
May 31 2012 // A federal appeals court panel has upheld a $420,000 verdict against two Mississippi lawyers accused by a railroad company of committing fraud during an asbestos lawsuit they filed in 2001. McComb attorneys William Guy and...
Investigation Solutions & American Claims Management Continue Crusade Against Insurance Fraud
May 31 2012 // San Diego, CA, 5/31/12 – Investigation Solutions, Inc., the special investigations subsidiary of American Claims Management, Inc., recently investigated a highly suspicious personal auto claim, which ultimately led...
Minnesota Offering 3rd Round of Auto Theft Prevention Grants
May 30 2012 // The Minnesota Department of Commerce is encouraging local law enforcement, county prosecutors, and community organizations to apply for a third round of auto theft prevention grants. The Minnesota Auto Theft Prevention...
