Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Doctors Continue to Work While Under Investigation in Louisiana
Nov 22 2011 // Four Louisiana physicians wrote hundreds of bogus prescriptions that powered multimillion-dollar health-care frauds in the Baton Rouge area, according to evidence amassed by the nearly two-year-old local Medicare Fraud...
ABI Endorses ‘Tougher Measures’ to Improve Young Drivers’ Safety
Nov 22 2011 // The Association of British Insurers has strongly endorsed “tougher measures to improve young driver safety,” which it explained is “crucial to delivering a better motor insurance deal to...
Arizona AG Sues Telemarketing Companies for Fraud
Nov 18 2011 // Arizona’s Attorney General has sued 11 people and several related telemarketing companies for allegedly defrauding customers who signed up for a home-based business opportunity promising high returns. Attorney...
Computer with Information on 4 Million Patients Stolen in California
Nov 18 2011 // A Northern California physicians network says a computer stolen last month contains personal information on more than 4 million patients dating back to 1995. The Sacramento Bee reports the database includes the names,...
Japan Probes Possible Olympus Organized Crime Links – Source
Nov 18 2011 // A unit from the Tokyo Metropolitan Police Department’s organized crime division has joined an investigation into an accounting scam at Japan’s disgraced Olympus Corp, a source familiar with the matter said on...
Former Oklahoma Insurance Agent Begins Prison Term for Fraud
Nov 18 2011 // A Stigler, Okla., woman, a former insurance agent, has begun serving time in prison for insurance-related crimes uncovered earlier this year, the Oklahoma Insurance Department announced. Oklahoma Insurance Commissioner...
Alabama Man Pleads Guilty in Tornado Fraud Case
Nov 17 2011 // A west Alabama man has pleaded guilty to fraudulently claiming disaster benefits following the April 27 tornadoes in Alabama. Officials say 47-year-old Robert Lee Spires entered his plea before U.S. District Judge L. Scott...
Florida Looks to Tampa as Leader in Fight Against PIP Fraud
Nov 10 2011 // The move by one Florida county to crack down on auto insurance fraud by targeting staged accidents and regulating clinics is being seen as a roadmap for state officials looking to reform the state’s no-fault auto...
Used-Car Buyers Are Warned of Flood Vehicles In Wake of Irene
Nov 8 2011 // The National Insurance Crime Bureau is advising consumers to be alert for potentially dangerous flood vehicles appearing in the used-car market in wake of Hurricane Irene. Flood-damaged cars can be an attractive purchase...
Japan Tries, Again, to Cut Corporate Ties to Yakuza Crime Syndicates
Nov 8 2011 // Aki Tsurumaki says he never felt his life was in danger during the 15 years he has been helping companies escape entanglements with Japan’s “yakuza” crime syndicates. But the 42-year-old lawyer jokes that...
Louisiana Insurance Agent Arrested for Alleged Fraud, Forgery
Nov 7 2011 // A Shreveport, La., insurance agent has been arrested on charges of insurance fraud and forgery. The Louisiana State Police Insurance Fraud/Auto Theft Unit arrested Stephanie Losey, 57, on one count of insurance fraud....
Predictive Analytics Being Used to Manage Agencies, Curb Fraud
Nov 7 2011 // Earlier this year, experts at WallStreet & Technology (wallstreetandtech.com) identified predictive analytics and cloud computing as two of six hot technologies that will transform the insurance industry in 2011 and...
Pennsylvania Agency Owners Indicted for Fraud
Nov 4 2011 // Penn. Agency Owners Indicted Insurance agency owners from Pennsylvania were indicted this week with 13 counts of wire fraud, mail fraud and conspiracy to commit wire and mail fraud. Bruce and Irene Gardner, of Richboro,...
10 South Texas Residents Sentenced to Prison for Insurance Fraud
Nov 3 2011 // Ten south Texas residents have been sentenced to federal prison for their roles in a scheme to defraud the American Family Life Assurance Company (Aflac) by filing false injury claims under Aflac’s Accident-Only...
Florida Calls for More Oversight in Check Cashing Industry Role in Workers’ Comp
Nov 3 2011 // Check cashing companies in Florida may be saddled with new regulations for their role in facilitating workers’ compensation fraud in the construction industry. Among other things, check cashing companies may have to...
U.S. Sues Allied Home Mortgage for Lending Fraud
Nov 1 2011 // The U.S. Department of Justice sued Allied Home Mortgage Capital Corp and two top executives over fraudulent lending practices that have cost the government more than $834 million of insurance claims. In a complaint filed...
New York AG’s Securities Fraud Lawsuit Against Charles Schwab Tossed
Nov 1 2011 // A lawsuit against Charles Schwab Corp. over auction-rate securities that was filed by former New York Attorney General Andrew Cuomo was thrown out by a state court judge. The 2009 lawsuit accused the San Francisco-based...
Insurer Trade Group Urges Florida to Curb Auto Insurance ‘Fraud Tax’
Oct 28 2011 // Florida should allow more time for looking into suspicious claims, place a cap on attorneys’ fees and more closely regulate medical clinics to help reduce rampant fraud in the state’s personal injury protection...
New York Railroad Workers Charged in $1 Billion Disability Claims Fraud
Oct 28 2011 // U.S. prosecutors charged 11 people Thursday in connection with an alleged $1 billion fraud involving hundreds of railroad workers filing false disability claims. In some cases, workers claimed they were unable to work even...
Oklahoma Attorney Pleads Guilty to $1M Workers’ Comp Fraud Case
Oct 26 2011 // A longtime Tulsa, Okla., criminal defense attorney has pleaded guilty in Tulsa County District Court for his role in helping embezzle more than $1 million from clients, Attorney General Scott Pruitt said. Fred Schraeder,...
