Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
South Dakota Deputy Pleads Guilty to Theft in Insurance Fraud Case
Jan 13 2012 // A Douglas County, South Dakota sheriff’s deputy has pleaded guilty to one count of grand theft by deception for submitting fraudulent applications to an insurer. The Mitchell Daily Republic reports that Rob Hotchkiss...
Florida Gov. Scott Supports Bill Forcing Accident Victims to Emergency Rooms
Jan 13 2012 // A bill that would force all accident victims to go to emergency rooms instead of their family doctor, even for minor injuries, cleared a Florida House subcommittee on Wednesday. The bill (HB 119) was approved 10-5 by the...
Florida Lawmakers File Bills to Address Auto Insurance PIP Fraud
Jan 11 2012 // State Sen. Joe Negron this week filed legislation designed to crack down on the fraud that leads to more expensive personal injury protection insurance required of all Florida drivers. Negron’s bill (SB 1860) targets...
Florida Gov. Scott Talks Insurance Fraud in State of State Speech
Jan 11 2012 // In the annual State of the State address opening Florida legislative session, Gov. Rick Scott highlighted automobile insurance while remaining mum on the future of the state’s property insurance underwriter, Citizens...
Olympus Sues President, Ex-directors over $1.7 Billion Fraud: Sources
Jan 9 2012 // Japan’s Olympus Corp has sued its current president and three ex-directors for several million dollars in compensation, sources told Reuters on Monday, as the company seeks to draw a line under one of the...
SEC Changes Its Settlement Language Where Criminal Violations Admitted
Jan 9 2012 // U.S. securities regulators said on Friday that defendants can no longer settle civil cases using “neither admit nor deny” language if they have already admitted to wrongdoing in parallel criminal cases. The...
Florida Investigating Massive PIP Fraud in Dade County
Jan 8 2012 // State investigators are considering criminal charges after finding regulatory violations in almost 90 percent of the pain clinics that treat automobile accident victims in Miami-Dade County. A report by the Agency for...
California Arson Suspect Also Faces German Fire Probe
Jan 6 2012 // The man who allegedly ignited more than 50 fires that terrorized Los Angeles last week is also under investigation in Germany for a house fire near Frankfurt. U.S. investigators also disclosed that a search of Harry...
Allstate Files $1.1M Fraud Case Against N.Y. Chiropractor Businesses
Jan 5 2012 // Allstate Insurance is seeking to recover more than $1.1 million from 16 New York-area defendants. According to its federal complaint filed last week, the insurer alleges that a chiropractor, together with one layperson and...
Ruling Boosts Bond Insurer MBIA’s Fraud Suit Against BofA’s Countrywide
Jan 4 2012 // A New York state judge made it easier for the bond insurer MBIA Inc. to pursue its $1.4 billion lawsuit accusing Bank of America Corp.’s Countrywide Financial unit of fraudulently inducing it to insure risky...
Ecuador Court Upholds $18 Billion Judgment against Chevron
Jan 4 2012 // An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay $18 billion in damages to plaintiffs who accused the U.S. oil giant of polluting the Amazon jungle and damaging their health. A local...
Conn.: 10 More State Workers Suspected of Post-Irene Aid Fraud
Dec 29 2011 // Connecticut Governor Dannel P. Malloy said this week that 10 more state workers are suspected of fraudulently receiving federal food stamp benefits after the remnants of Hurricane Irene hit Connecticut in August. Malloy...
Massachusetts Business Owner Pleads Guilty to $28K Insurance Fraud
Dec 29 2011 // A Peabody. Massachusetts, business owner pleaded guilty yesterday and was sentenced in connection with collecting over $28,000 in fraudulent insurance claims for work performed at his auto and glass...
Lloyd’s Highlights Retailers Need for Cyber Fraud Coverage
Dec 29 2011 // An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes...
Appeals Court Delays SEC-Citigroup Securities Fraud Case
Dec 28 2011 // The U.S. Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge’s decision to reject its $285 million settlement with the...
Pennsylvania’s Rhyming Justice Pens Insurance Fraud Opinion
Dec 27 2011 // This judge’s rulings, for better or worse, are poetic justice because they’re in verse. A state Supreme Court justice known for opinions written in rhyme has done it again, producing six pages of verse last...
Allstate Files $6.3M Insurance Fraud Case Against 83 N.Y. Defendants
Dec 22 2011 // Allstate Insurance Company is seeking to recover $6.3 million against 83 New York area defendants in its seventh insurance fraud lawsuit of 2011. The complaint, filed under the Racketeer Influenced and Corrupt...
For Florida Gov. Scott, Insurance Fixes Are Legislative Priority
Dec 21 2011 // Gov. Rick Scott wants lawmakers to fix a pair of auto and property insurance issues that are costing Floridians hundreds of millions of dollars but have eluded resolution for more than a decade. The issue facing the...
US Government Accuses Oregon Aircraft Contractor Of Fraud
Dec 19 2011 // A Coos Bay, Ore. company and its owner accused of defrauding the U.S. government by supplying defective and counterfeit aircraft parts have been indicted on fraud and money laundering charges. A grand jury named Kustom...
Illinois Warns of Fraudulent Health Insurance
Dec 19 2011 // The chief executive of a company allegedly selling fraudulent health insurance says he is fully cooperating with the Illinois Department of Insurance to resolve the matter. Donald Chew, president and CEO of ReAssurance...
