Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Bay Area Business Owners, Employee Nailed For Workers’ Comp Fraud
May 9 2012 // Sied “Mike Zarrin” Zarrinsaray, 52, his wife Ronak Barazandeh, 43, the owners of United RMR Enterprises, Inc. of San Jose, were arrested for workers’ compensation insurance fraud, according to the...
Kansas Insurance Investigator Receives Meritorious Service Award
May 9 2012 // Randy Adair, chief investigator for the Kansas Insurance Department’s Anti-Fraud Division, and a retired deputy chief of police for Topeka, is the recipient of the 2012 Clarence M. Kelley Meritorious Service Award...
Reinsurance Fraud Case Against AIG Ex-CEO Greenberg Going to Trial
May 9 2012 // A New York appeals court on Tuesday gave former American International Group Inc. Chief Executive Maurice “Hank” Greenberg a partial victory in the state’s fraud lawsuit against him over two suspect...
RLI Marine to Pay Activation Fee on Equipment Anti-Theft Tracking Device
May 8 2012 // RLI Corp. has announced that it will pay the theft activation fee for all of its RLI Marine policy holders who purchase and install an IRONwatch equipment tracking device serviced by the National Equipment Register (NER)....
Seeking to Combat Insurance Fraud, Louisiana Joins Federal Network
May 7 2012 // Louisiana has agreed to share information with a federal network designed to cut down on insurance fraud. The Advocate reported that the agreement is between the Treasury Department’s Financial Crimes Enforcement...
Florida Governor Signs Long-Awaited Auto Insurance Anti-Fraud Bill
May 4 2012 // Florida’s decade long attempt to reform the state’s automobile no-fault insurance law has finally paid off. Gov. Rick Scott, flanked by rows of law enforcement officials and state officials, signed into law...
Hawaii Lawmakers Pass 3 Cybercrime Measures
May 3 2012 // Hawaii lawmakers have approved a trio of bills aimed at preventing cybercrimes. The bills passed Tuesday offer law enforcement and prosecutors more tools to charge and penalize those who use computers to commit crimes. One...
New York Proposes New Rule to Crack Down on No-Fault Insurance Fraud
May 2 2012 // New York State regulators are expanding their effort to stop no-fault auto insurance fraud. The New York Department of Financial Services announced on Tuesday a new draft regulation, Regulation 68, that would make it...
Virginia Jury Convicts Costa Rican Man in $485M Fraud
May 1 2012 // A federal jury in Virginia convicted a former Costa Rican insurance executive on Monday of all counts in a $485 million fraud scheme in which he was accused of lying to clients and investors about the financial stability...
New York, Florida Associates of ‘Mini-Madoff’ Arrested
Apr 26 2012 // Four associates of a New York businessman convicted in a $400 million Ponzi scheme were arrested Wednesday on charges they pocketed nearly $38 million in commissions for their efforts in advancing the fraud, federal...
Idaho To Receive $85K In Medicaid Fraud Settlement
Apr 26 2012 // Idaho will receive about $85,000 from two separate Medicaid fraud settlements with prescription drug manufacturers. State Attorney General Lawrence Wasden said Tuesday that a settlement with KV Pharmaceutical will net the...
Goldman Must Defend Bond Insurer’s Fraud Claims
Apr 25 2012 // Goldman Sachs Group Inc. must defend fraud claims brought by a bond insurance company over its notorious Abacus mortgage product deal, a New York state judge ruled, but she decided that the investment bank did not unjustly...
Broker Gets 30 Years For Stealing From Elderly
Apr 24 2012 // A 49-year-old insurance broker who stole large amounts of money from elderly clients has been sentenced to 30 years in prison and must pay more than $1.4 million in restitution. The Denver Post reported Mendenhall was...
Maine Businessman Gets 2 1/2-Year Prison Term for Insurance Fraud
Apr 24 2012 // The owner of a Kittery, Maine, medical equipment supply company has been sentenced to 2 1/2 years in prison for health care fraud and for lying on an application for a loan from the U.S. Small Business...
Firm Pleads Guilty in Va. Court to $670M Insurance Fraud Scheme
Apr 23 2012 // A Costa Rican company has agreed to plead guilty to a $670 million global insurance fraud scheme. Provident Capital Indemnity Ltd. entered a plea agreement last Friday in U.S. District Court in Richmond, Virginia, where...
Florida Massage Therapist, 14 Patients Charged with Insurance Fraud
Apr 23 2012 // Florida officials said they have arrested a licensed massage therapist, a physician’s assistant and 14 massage clinic patients on charges of insurance fraud and grand theft as part of an undercover sting. Officials...
Poll: Northwest Residents Rely on Vigilance to Protect Identities
Apr 20 2012 // Most Northwest residents are concerned about the threat of identity theft, but a majority rely on their own vigilance to protect themselves from fraudulent activity against their personal information, a new poll...
Missouri Bill Criminalizes Undercover Videos at Farms
Apr 19 2012 // The Missouri House has endorsed legislation that would make it a crime for undercover activists to produce videos portraying poor conditions at livestock farms or other agricultural facilities. The legislation given...
Penn. Mom, Daughter Go on Trial in $1M Insurance Fraud Case
Apr 18 2012 // A mother and daughter from northeastern Pennsylvania are on trial for allegedly taking part in a decade-long $1 million insurance scam. Sixty-one-year-old Bianca Bucano and her 23-year-old daughter, Melissa, were allegedly...
Virginia Insurance Fraud Arrests Going Up
Apr 16 2012 // The Virginia State Police said its special agents made 231 arrests for insurance fraud and other related crimes, such as arson and forgery, in 2011 — up eight percent over 2010. The Virginia State Police investigates...
