Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
16 Arrested in Brooklyn, N.Y., for Allegedly Staging Auto Accidents
Mar 9 2012 // Sixteen people in Brooklyn, N.Y., have been arrested for their roles in allegedly staging auto accidents to fraudulently receive insurance payouts. New York State Attorney General Eric Schneiderman announced the arrests on...
Florida House, Senate Differ on PIP Reform; Special Session Possible
Mar 8 2012 // The Florida Senate has rewritten the House’s bill aimed at reforming the state’s no-fault auto law, adding numerous provisions that are opposed by House lawmakers. As a result, there is a chance that the issue...
Stanford Ponzi Scheme Verdict Could Boost Civil Claims
Mar 7 2012 // The conviction of Allen Stanford on Tuesday for orchestrating a $7 billion Ponzi scheme could be bad news for two prominent law firms and an attorney facing civil lawsuits arising out of the Texas financier’s...
Florida House Passes PIP Fraud Bill
Mar 5 2012 // A bill aimed at cracking down on rampant fraud in the state’s personal injury protection insurance was passed Friday in the Florida House of Representatives. The bill (HB 119) was approved largely along party lines...
Mississippi Trial to Begin in Frankel, Vatican Fraud Case
Mar 5 2012 // More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and...
Dallas Doctor, 6 Others Arrested in $375M Health Care Fraud Scheme
Mar 1 2012 // A physician and the office manager of his medical practice, along with five owners of home health agencies, were arrested today on charges related to their alleged participation in a nearly $375 million health care fraud...
N.Y. Prosecutors Say Fraud Scheme Was Largest of Its Kind in History
Mar 1 2012 // Authorities are describing the takedown of a massive auto insurance fraud ring in New York the largest of its kind involving New York’s no-fault law. The fraud scheme involved 10 licensed medical doctors, three...
Dozens Charged in Massive Insurance Fraud Scheme in New York
Feb 29 2012 // Federal and local authorities in New York unveiled charges today against 36 defendants — including 10 doctors and three attorneys — allegedly involved in a systematic scheme to defraud auto insurance companies...
Crime Prevention Campaign Joins Forces With Another Texas Town
Feb 29 2012 // The Insurance Council of Texas (ICT) has joined with the Grand Prairie Police Department in a crime prevention campaign aimed at preventing auto thefts and auto burglaries. The program involves the funding and distribution...
Colorado May Criminalize Withholding Wages
Feb 29 2012 // Withholding wages from an employee could become criminal in Colorado under a bill being debated at the state Legislature. A House committee will consider a “wage theft” bill Tuesday. The bill would make it...
North Carolina Lawmakers Look to Tackle Copper Theft
Feb 29 2012 // Lawmakers in western North Carolina are looking to make it tougher for copper thieves to sell scrap metal, and they’re getting creative about how to get it done. The News Herald of Morganton reported that state Rep....
Louisiana Reports 4-Year Decline Vehicle Thefts
Feb 27 2012 //
Trial Date Set for Insurance Fraud with Ties to Frankel, Vatican
Feb 27 2012 // More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and...
Illinois Insurance Agent Sentenced 17 Years for Fraud
Feb 21 2012 // A southern Illinois insurance agent and securities broker was sentenced to 17 1/2 years in prison after pleading guilty to an investment scheme that prosecutors said swindled roughly $6 million from dozens of mostly...
Looks Like The Year for PIP Reform in Florida
Feb 20 2012 // Roughly halfway through Florida’s legislative session, state Insurance Commissioner Kevin McCarty expressed optimism that state lawmakers would find a way to substantially reform the state’s no-fault auto...
4 Executives Found Not Guilty in Florida Hurricane Fund Fraud Case
Feb 17 2012 // Four insurance executives of a now defunct Florida property insurer have been found not guilty of defrauding the state’s reinsurance facility of over $20 million in a case stemming from hurricane losses dating back...
Kentucky Lawmaker Wants Whistleblower Law to Combat Fraud
Feb 17 2012 // Kentucky Speaker of the House Greg Stumbo said he will file legislation to give whistleblowers strong financial incentive to step forward if state tax dollars are being misused. Stumbo, a Democrat, said his False Claims...
Citigroup to Pay $158M in Whistleblower Fraud Claim Over Insurance for Mortgages
Feb 16 2012 // Citigroup Inc. has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit. Wednesday’s settlement resolves...
Lawyers Appeal Mississippi Asbestos Fraud Verdict
Feb 14 2012 // Two Mississippi plaintiffs lawyers, including a former state lawmaker, have appealed a verdict that they committed fraud during an asbestos lawsuit they filed in 2001. A federal jury in Mississippi decided in 2010 that the...
Wall Street Fights Back vs. Expert Witness in Lawsuits
Feb 14 2012 // For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies. As those victories piled up, brokerages went to war on...
