Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Geico Files $1.8M Lawsuit over Alleged No-Fault Fraud in New York
Jun 14 2010 // Insurer Geico has filed a $1.8 million lawsuit alleging a Queens radiology center orchestrated a no-fault auto insurance fraud scheme that involved thousands of suspect claims for service. Geico did not identify the 10...
Allstate: Texas Auto Theft Numbers Drop 2.5% Statewide
Jun 11 2010 // Vehicle thefts among Allstate insured Texans dropped 2.5 percent last year, the company announced, but the cars being snapped off the street are heading farther south of the border — even overseas. The insurer and...
Senator Eyes Prison, Compensation for Environmental Crimes
Jun 10 2010 // Reacting to BP’s Gulf of Mexico oil spill, a high-ranking U.S. senator Wednesday sought to toughen prison sentences for corporate officials who are found guilty of environmental crimes and to broaden fines for...
The Ethics of Stealing Business From Competitors
Jun 7 2010 // You are on an airplane and you strike up a conversation with the person next to you. She is the decision maker of a company that buys your competitor’s products. You have such a great exchange that she asks for your...
Judge Rejects Fraud Charge, Says Rating Agencies Not Underwriters
Jun 1 2010 // A Manhattan federal judge said on Tuesday that it was unfair to hold Moody’s Investors Service and Standard & Poor’s liable as “underwriters” on securities offerings needing their ratings, as he...
Report: Property, Violent Crimes Drop by 5% in 2009
May 25 2010 // Crime rates declined in both violent and property crimes in the United States last year, according to the FBI’s Preliminary Annual Uniform Crime Report released today. Preliminary 2009 statistics indicate that...
U.S. Drops Criminal Probe Against AIG Financial Products Executives
May 24 2010 // The U.S. Justice Department has dropped a probe of American International Group Inc. executives involving the credit default swaps that sent the insurer to the brink of bankruptcy and forced a huge taxpayer bailout,...
Louisiana Medical Staffing Firm Owners Charged with Work Comp Fraud
May 20 2010 // A months-long investigation by the Louisiana Workforce Commission (LWC) and the Louisiana Attorney General’s office into the business practices of a Ville Platte medical staffing firm has resulted in the arrest of...
Car Thefts Down in Most Ohio Cities
May 19 2010 // An insurance industry group reports car thefts were down last year in 15 of Ohio’s 16 largest metro areas. The only exception was the Marietta area in southeast Ohio. The Ohio Insurance Institute (OII) says a report...
Temp-Worker Exec Charged with Insurance Fraud in New York
May 19 2010 // A temporary-worker magnate has been charged with scamming the New York State Insurance Fund out of $25 million in payments he owed for workers’ compensation insurance. Eric Goldstein pleaded not guilty Monday to...
The Hanover Partners With Identity Theft 911
May 18 2010 // The Hanover Insurance Group, Inc. has partnered with Identity Theft 911, an identity theft management and data-breach response service. The arrangement will enable The Hanover’s agents to provide their mid-size...
Arizona Auto Thefts Down
May 18 2010 // Auto thefts in Arizona are declining with law enforcement and insurance industry partnerships to reduce crime and losses. Recent national data from the National Insurance Crime Bureau (NICB) shows the Tucson and Phoenix...
The Ethics of Stealing Business From Competitors
May 17 2010 // You are on an airplane and you strike up a conversation with the person next to you. She is the decision maker of a company that buys your competitor’s products. You have such a great exchange that she asks for your...
Colorado Rejects Bill Restricting Video Surveillance
May 17 2010 // The Colorado Senate Judiciary Committee has defeated a bill that would have limited the use of surveillance of employees who have submitted a workers’ compensation claim. Among other things, HB 1012, would have...
Ex-Agent Gets Five Years for Connecticut Fraud
May 6 2010 // A Connecticut financial adviser has been sentenced to five years in prison for defrauding more than two dozen clients of more than $2 million and losing the money while gambling in casinos. Thomas Cipriano was sentenced...
Seven North Jersey Residents Charged In Auto “Give Up” Scheme
May 6 2010 // Seven New Jersey residents have been charged with insurance fraud and related charges for lying to police that their cars had been stolen in order to collect insurance money, the New Jersey Attorney General’s office...
Colorado Rejects Bill Restricting Video Surveillance
May 6 2010 // The Colorado Senate Judiciary Committee last night defeated a bill that would have limited the use of surveillance of employees who have submitted a workers’ compensation claim. Among other things, HB 1012, would...
Connecticut Agent to be Sentenced Today for $1.3M Theft
May 4 2010 // A Connecticut businessman faces sentencing for stealing more than $1.3 million from clients and using the money to gamble at Connecticut’s casinos. Thomas Cipriano has pleaded guilty to mail fraud and money...
Lo Jack Device Helps in Recovery of $45K in Stolen Property in Louisiana
May 4 2010 // Louisiana State reported that information from Lo Jack Inc. related to a stolen 2006 Suzuki Hayabusa motorcycle in the LaPlace area aided in the recovery of $45,000 worth of stolen property. The Suzuki was reported stolen...
FBI Opens Gulf Oil Spill Disaster Fraud Line
May 4 2010 // The Federal Bureau of Investigation announced today that an existing fraud tip line is now accepting information from the public about suspected fraud associated with the Gulf of Mexico oil spill. Tips should be reported...
