Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
2000 Honda Civic Most Frequently Stolen Car in New York State
Aug 5 2011 // The New York Insurance Association has noted that the 2000 Honda Civic is again the most frequently stolen vehicle in New York State. The Hot Wheels 2011 study released by the National Insurance Crime Bureau (NICB)...
20 Plead Guilty to Wire Fraud in South Texas
Aug 4 2011 // Federal authorities say 20 South Texas residents have been convicted for their roles in a scheme to defraud the American Family Life Insurance Co. In mid-June, 36 people were indicted on accusations they participated in...
’00 Dodge Caravan Again Ohio’s Most Stolen Vehicle
Aug 4 2011 // An insurance industry group says a very specific Chrysler minivan is Ohio’s most stolen vehicle for the third year in a row. Once again, the 2000 model Dodge Caravan tops the annual report from the Ohio Insurance...
Florida to Investigate Role of Check Cashing Firms in Workers’ Compensation Fraud
Aug 4 2011 // Florida officials are calling for an investigation into the role of check cashing services in helping construction subcontractors avoid paying their fair share of workers’ compensation premiums. Florida Chief...
UK’s ABI Details Increase in Fraudulent Claims – $29 Million per Week
Aug 4 2011 // The Association of British Insurers reports that the UK’s insurance companies are “detecting more fraudulent claims than ever: over 2,500 worth £18 million [$29.446 million] every week.” A number of...
Top 10 Most Stolen Vehicles in U.S.
Aug 3 2011 // Two Honda models top the list of U.S. thieves’ favorite vehicles. The National Insurance Crime Bureau examined vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and...
New Jersey Man Pleads Guilty To Identify Theft Scam
Aug 3 2011 // New Jersey Attorney General Paula T. Dow and Division of Criminal Justice Director Stephen J. Taylor announced that a man from HudsonCounty, N.J. has pleaded guilty to an identity theft scam. According to Acting Insurance...
20 in South Texas Plead Guilty to Insurance Fraud
Aug 1 2011 // Federal authorities say 20 South Texas residents have been convicted for their roles in a scheme to defraud the American Family Life Assurance Co. In mid-June, 36 people were indicted on accusations they participated in...
Former N.Y. Official Admits Guilt in Hamptons Fraud
Aug 1 2011 // A former New York lawmaker convicted of insurance fraud earlier this year has pleaded guilty in a separate multimillion-dollar mortgage fraud scheme. George Guldi admitted to grand larceny and other charges Friday in a...
Bank of America Loses Bid to Dismiss Fraud Claims
Aug 1 2011 // Bank of America and two former executives lost a bid on Friday to dismiss securities fraud claims alleging they misled investors about the bank’s 2008 acquisition of Merrill Lynch & Co. U.S. District Court Judge...
Little Leagues Improve Defense with Crime Insurance
Aug 1 2011 // A new lock, a thick door and a steel bar across the shuttered front counter of the Canyon Lake Little League concession stand still couldn’t prevent the youth baseball league from taking a hit. The president of the...
Florida City: Please Stop Stealing Stop Signs
Jul 29 2011 // Officials in Gainesville, Florida have a message for residents and visitors. Please stop stealing stop signs. Since Jan. 1, the city has replaced 52 stops signs taken from 14 locations around the city. Officials say one...
Florida Officials Suspect Fraud in Rash of Kitchen Fires
Jul 29 2011 // Florida officials are investigating a spate of kitchen fires that have some wondering if they may have been started on purpose to receive money from insurance companies. State officials say what used to be a minor problem...
California Man Gets 70-Month Prison Term for Insurance Fraud
Jul 28 2011 // A federal judge in New Jersey has sentenced a California man to 70 months in prison for conspiring to sell bogus liability insurance policies. Ronald Allen of North Hollywood, Calif., was convicted in December following a...
Insurance Co. and Colorado Farmers Settle Fraud Claim
Jul 28 2011 // Two Colorado potato farmers and the Great American Insurance Company have agreed to settle a case in which they are accused of making false crop insurance claims for $131,000, the U.S. attorney in Denver, John Walsh,...
More U.S. Lawsuits Target Chinese Reverse Mergers
Jul 26 2011 // Accounting debacles at U.S.-listed Chinese companies have prompted a surge of securities fraud lawsuits, but investors might have trouble recouping their losses even if they win. More than one-fourth of the 94 U.S....
5 Sentenced in Va. for $100M Fraud Scheme
Jul 25 2011 // Five men who pleaded guilty in a $100 million fraud scheme that claimed about 800 victims nationwide were sentenced Friday to federal prison terms ranging from three years to more than 15 years. The five included the...
Auto-Glass Installer Sentenced in $1.6 Million Insurance Fraud
Jul 21 2011 // A Burien, Wash., auto glass company owner has been sentenced to jail for a billing scheme that’s believed to have cost insurers more than $1.5 million, reports the state insurance commissioner. Michael Alan Perkins,...
U.S. Judge Allows Shareholder Suits Against China Accountants
Jul 21 2011 // The fourth time was the charm for shareholders suing the auditors of Shenzhen-based China Expert Technology. China Expert shareholders have been trying unsuccessfully to sue the company’s accounting firms for failing...
New Jersey Agent Pleads Guilty to Stealing $1.9M
Jul 18 2011 // A former New Jersey insurance agent has pleaded guilty to defrauding nine clients out of more than $1.9 million, state prosecutors said. Daniel J. Trolaro, 35, of Oakland, was working for Prudential Insurance Co. of...
