Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Oklahoma Agent Sentenced for Fraud in McCurtain County
Apr 9 2012 // Oklahoma Insurance Commissioner John D. Doak and McCurtain County District Attorney Mark Matloff announced the conviction and subsequent sentencing of Matthew Hammer, a formerly licensed insurance agent in Oklahoma. The...
Tampa Medical Firm Accused of End Run Around Florida’s New PIP Law
Apr 6 2012 // A Tampa company has sent fliers to chiropractors suggesting ways to capitalize on potential loopholes in new legislation aimed at denting the runaway fraud plaguing Florida’s mandatory motor vehicle no-fault law. The...
Va. DOT Contractor Pleads Guilty to Fraud, Used Uninsured Vehicles
Apr 4 2012 // A Staunton contractor accused of defrauding the Virginia Department of Transportation has pleaded guilty to commercial fraud. Thirty-two-year-old Jeffrey T. Jennings faces up to 15 years in prison. The News Leader reports...
Appeals Court Hears Fraud Claim Against Goldman, TCW Over CDOs
Apr 2 2012 // A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc. and TCW Asset Management Co. should have foreseen the housing market implosion that caused a $37 million loss for German state-owned...
Securities Fraud Settlements in 2011 Were Lowest in Decade
Apr 2 2012 // Angry investors are seeing far fewer financial benefits from lawsuits accusing corporate America of securities fraud, but may be on the cusp of a turnaround. The number and size of securities fraud settlements that won...
Iowa Pension Fund Sues Audit Firm Over Fraud Loss
Mar 29 2012 // The Iowa Public Employees’ Retirement System has sued a New York-based auditing firm, alleging that the company failed to detect a theft scheme that cost the pension fund millions of dollars. The Des Moines Register...
Virginia Insurance Fraud Arrests Going Up
Mar 28 2012 // The Virginia State Police insurance fraud program just released their 2011 annual report, which shows the number of arrests for insurance fraud and other related crimes, such as arson and forgery, is continuing to increase...
Florida Arrests 15 in Alleged Food Truck Insurance Scam
Mar 27 2012 // Florida officials said they have busted an alleged $800,000 insurance claims scam in which food trucks were used to stage accidents. Florida Chief Financial Officer Jeff Atwater announced the outcome of a two-year...
N.J. Police Chief on Trial for Official Misconduct, Insurance Fraud
Mar 27 2012 // A trial got underway on Monday for Hackensack, N.J., Police Chief Ken Zisa. Zisa was suspended without pay in 2010 after he was charged with official misconduct and insurance fraud. The chief is accused of removing his...
Facebook Says Emails Show New Yorker’s Lawsuit a Fraud
Mar 26 2012 // Facebook Inc. released emails by founder Mark Zuckerberg from his days at Harvard University to bolster its arguments that a wood-pellet salesman who sued for a 50 percent stake in the social media company lied and forged...
Texas Police Use DNA Technique to Solve Property Crime
Mar 26 2012 // A thief wearing gloves walks into a parking lot, perhaps using the cover of night, smashes a car window and takes what’s inside the vehicle, all in a matter of minutes. It’s the general technique for many car...
N.H. Resident Pleads Guilty to Filing Fraudulent Claim
Mar 23 2012 // A New Hampshire woman pleaded guilty this month to filing a fraudulent claim on her renter’s policy. The suspicious claim was made in 2009 and was subsequently investigated by the New Hampshire insurance...
N.Y. State Senate Passes Auto Insurance Fraud Measures
Mar 23 2012 // New York lawmakers want to slam the brakes on the auto insurance fraud. On Thursday, the state’s Senate passed three bills to fight auto insurance fraud. These measures will now move to the state Assembly for...
Ohio Tops Other States in Claims for Metal Theft
Mar 23 2012 // Ohio leads the nation in property insurance claims for the theft of copper and other metals, an industry-supported organization that fights insurance fraud says. The National Insurance Crime Bureau says Ohio property...
Ex-Sheriff Candidate Booked for Insurance Fraud in Louisiana
Mar 21 2012 // State police say a former candidate for St. Helena Parish, La., sheriff has been booked on counts of insurance fraud and felony theft. Trooper Nick Manale tells The Advocate 36-year-old Frederick Bell of Kentwood is...
Cargo Theft Reporting Improves, Says Insurers’ CargoNet
Mar 21 2012 // Reporting of cargo theft in the United states has improved thanks to data sharing by insurers, the transportation industry and law enforcement, according to an insurance industry tracking service. CargoNet, which was...
Florida Insurers Wary of PIP Rate Rollbacks Timed for October
Mar 21 2012 // While state officials are widely praising Florida’s new no-fault auto insurance law, insurers are wary of having to implement rate decreases before there is a corresponding drop in losses as the new law...
Company Pleads Not Guilty in Virginia to $670M Fraud
Mar 20 2012 // A Costa Rican company accused of a $670 million insurance fraud scheme has pleaded not guilty in federal court in Richmond, Va. Defense attorney John Russell entered the plea Monday on behalf of Provident Capital Indemnity...
Willis Among Targets of Stanford Third Party Class Actions
Mar 20 2012 // Victims of Allen Stanford’s estimated $7 billion Ponzi scheme won a victory when a federal appeals court said they may pursue class-action litigation against third parties they believe aided in the now-convicted...
Des Moines Exec Sent to Prison for Workers’ Comp Fraud
Mar 19 2012 // The owner of a Des Moines firm that provides companies with temporary employees has been sentenced to nearly five years in federal prison in a scheme to reduce the cost of his workers’ compensation insurance. The...
