Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
U.S. Official Calls for Legal Framework to Fight Cyber Crime
Jul 5 2011 // Cyber criminals are outwitting national and international legal systems that fail to embrace technological advances, a top U.S. official said on Friday, demanding a cross-border campaign to combat the security...
New York Mets: We Didn’t Shop for Madoff Ponzi Insurance
Jul 4 2011 // Owners of the New York Mets pro baseball team rejected allegations in a $1 billion lawsuit that they once shopped for fraud insurance to insulate themselves from Ponzi schemer Bernard Madoff. Fred Wilpon and Saul Katz,...
Illinois Doctors Plead Guilty to Work Comp Fraud in Ohio
Jul 4 2011 // A pair of Illinois brothers who traveled to Columbus, Ohio, to practice psychiatry were sentenced for workers’ compensation fraud after an investigation showed they were conducting inadequate examinations of injured...
MBIA May Bring Fraud Claim Against Bank of America’s Countrywide
Jul 1 2011 // MBIA Inc. may pursue a lawsuit accusing Bank of America Corp.’s Countrywide Financial unit of fraudulently misleading it about mortgage securities it insured, costing at least $1.4 billion. A New York state appeals...
Appeals Court Sides With BP in Securities Fraud Lawsuit
Jun 29 2011 // A U.S. appeals court sided with BP Plc in a securities fraud lawsuit arising from a 2006 Alaska oil spill, but the case isn’t over. BP discovered two oil spills in Prudhoe Bay, Alaska, in 2006, and a corporate...
Calif. Contractor Sentenced for Insurance Fraud
Jun 29 2011 // California Insurance Commissioner Dave Jones announced that Monica Mui Ung, 51, owner and president of NBC General Contractor Corp. (NBC), has entered guilty pleas in Alameda Superior court for violating section 11880 of...
Florida Agency Employees Charged with Premium Fraud
Jun 29 2011 // Three insurance agency employees have been arrested in Florida for allegedly stealing thousands of dollars in auto premiums. Bella Jenkins, Torrance Blake and David Bell, who were employees of the Temple Terrace-based...
Former Ohio Insurance Agent Sentenced for $12,000 Theft
Jun 28 2011 // Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced that former insurance agent Alexis Prokup, of Perrysburg, Ohio, has been sentenced after pleading guilty to theft. Department of Insurance...
Vermont Contractor Faces Workers’ Compensation Fraud Charge
Jun 28 2011 // Sentencing is scheduled for Aug. 1 for a Vermont contractor who has pleaded guilty to operating without workers’ compensation insurance. Prosecutors say Donald Bevins, of Williston, doing business as Twin City...
Illinois Doctors Plead Guilty to Work Comp Fraud in Ohio
Jun 24 2011 // A pair of Illinois brothers who traveled to Columbus, Ohio, to practice psychiatry were sentenced for workers’ compensation fraud after an investigation showed they were conducting inadequate examinations of injured...
Citi Skimped on ID Theft Protection for Data Breach Victims: Reuters
Jun 24 2011 // After a massive data breach last month, Citigroup did not offer its hacked clients the same degree of identity-theft protection that many other companies provide, drawing criticism from privacy advocates. Citigroup, which...
Allstate Seeks to Recover $1 MiIlion in New York Fraud Lawsuit
Jun 24 2011 // Allstate Insurance is seeking to recover more than $1 million against 10 New York area defendants it alleges filed fraudulent claims for psychological services. The lawsuit seeks reimbursement for personal injury...
Idaho Fraud Awareness Coalition Awards Scholarships
Jun 23 2011 // The Idaho Fraud Awareness Coalition, organized by the state Department of Insurance, will award scholarship money to three Idaho high school students for their research and knowledge in the area of fraud and its impact on...
Lawyers Immune to Ex-NFL Player’s Fraud Suit, Connecticut Court Rules
Jun 23 2011 // A state appeals court in Connecticut has ruled that ex-NFL player and investment firm founder Bob Simms can’t sue his ex-wife’s lawyers for fraud during a long-running divorce and alimony case, saying...
3 Ohio Cities Among Those with High Car Theft Rates
Jun 22 2011 // Three places in Ohio are among the 100 U.S. cities with the worst car theft problems. A report released Tuesday by the National Insurance Crime Bureau shows Cleveland ranks 82nd, with just over 271 vehicles stolen in 2010...
Washington Man Charged With Auto Insurance Fraud
Jun 21 2011 // A Tacoma, Wash., man faces multiple charges after allegedly filing forged documents in an auto theft claim, the state Office of the Insurance Commissioner announced. Cash B. Knott, 45, has been charged in Pierce County...
New York Mets: We Didn’t Shop for Madoff Ponzi Insurance
Jun 21 2011 // Owners of the New York Mets pro baseball team rejected allegations in a $1 billion lawsuit that they once shopped for fraud insurance to insulate themselves from Ponzi schemer Bernard Madoff. Fred Wilpon and Saul Katz,...
Calif., Wash. Lead Nation in Car Thefts
Jun 21 2011 // While car thefts nationwide have declined, the western states have the uneviable distinction of having the most car thefts in the nation. According to a new report by the National Insurance Crime Bureau, the top 10 spots...
RLI Marine Joins CargoNet to Address Cargo Theft
Jun 20 2011 // RLI Corp.’s marine division has joined CargoNet, a network that battles cargo theft through data sharing between private industry and law enforcement. “Cargo theft in the U.S. is a billion-dollar a year...
Ohio Man Guilty of Fraud, Illegally Collected $30,000 in Workers’ Comp
Jun 20 2011 // Frank Fogle, a Barnesville, Ohio, (Belmont County) truck driver, has been sentenced for fraud after he concealed his employment in order to continue receiving workers’ compensation benefits. Fogle was found guilty in...
