Latest Fraud Headlines

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...

Lo Jack Device Helps in Recovery of $45K in Stolen Property in Louisiana

May 3 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...

May 3 2010 // 30 Terry Lisotta, former CEO of Louisiana Citizens Property Insurance Corp. was sentenced to 30 months in prison for improperly spending more than $29,000 of the company’s money on lavish meals, trips, sports tickets...

Pennsylvania Exotic Dancer Charged with Workers’ Comp Fraud

Apr 30 2010 // A Pennsylvania woman has been charged with workers’ comp fraud after authorities found her moonlighting as an exotic dancer while collecting benefits from a waitress job she claimed she couldn’t do. In 2007,...

Spring Brings New Crop of Fraud Laws in Northeast

Apr 23 2010 // Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010. This counters the recent logic that many state lawmakers are...

Judge: Fraud Case Against Ex-AIG CEO Greenberg ‘Devastating’

Apr 21 2010 // New York state prosecutors have “a devastating case” against Maurice “Hank” Greenberg, the former American International Group Inc. chief executive accused of fraud over a reinsurance transaction 10...

Michigan Warns Consumers on Scam Using Fake Allstate Insurance Checks

Apr 21 2010 // Michigan insurance officials and Allstate Insurance Co. are warning consumers of an international mail fraud scheme using counterfeit checks with Allstate’s name on them. The Michigan Office of Financial and...

Some Red Flags in Residential Arsons Fly Before the Fire

Apr 19 2010 // Financial stress is the No. 1 reason residential dwellings are intentionally torched, but proving the act of arson is not that easy. In fact, Federal Bureau of Investigation statistics for 2007 show only around 6 percent...

Western States Rank High in Internet Fraud Complaints

Apr 19 2010 // The western states have a high number of online crime complaints per capita, compared to other regions of the country. Alaska, Colorado, Nevada, Oregon, Arizona and Washington ranked among the top 10 for complaints per...

Spring Brings New Crop of Fraud Laws in Northeast

Apr 19 2010 // Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010. This counters the recent logic that many state lawmakers are...

Charges Against Goldman Could Unleash Torrent of Lawsuits

Apr 19 2010 // The fraud charges against Goldman Sachs & Co. that rocked financial markets Friday are no slam dunk, as hazy evidence and strategic pitfalls could easily trip up government lawyers. Yet that hardly matters, experts...

Sweethearts in Crime: Rise in Married Couples in Securities Fraud

Apr 16 2010 // Jeffery Stone and his wife Janette Diller Stone, one-time operators of a now-defunct New York investment firm called Crescent Fund, are not on any government most wanted list. And they aren’t exactly hiding, either....

SEC Charges Goldman Sachs with Civil Fraud

Apr 16 2010 // Goldman Sachs Group Inc. was charged with fraud Friday by the U.S. Securities and Exchange Commission in the structuring and marketing of a debt product tied to subprime mortgages. The SEC alleged that Goldman structured...

Oklahoma Governor Vetoes Bill on Workers’ Comp Fraud

Apr 15 2010 // Oklahoma Gov. Brad Henry has vetoed a bill calling for additional penalties for those who commit workers’ compensation fraud. House Bill 2894 would have required employees convicted of workers’ comp fraud to...

New York Man Charged in No-Fault Fraud Scheme

Apr 13 2010 // An upstate New York man has been charged with fraudulently collecting $6,000 in no-fault lost wage benefits, the New York State Insurance Department said. State police arrested Daniel J. Weisenburger, of Rome, following an...

Motorcycle Thefts Drop by 13% in 2009

Apr 13 2010 // The number of motorcycle sales dropped in 2009 and so did the number of motorcycle thefts. The latest report from the National Insurance Crime Bureau (NICB) shows that motorcycle thefts declined by 13 percent in 2009,...

Missouri Workers’ Comp Violation Referrals Double in Q1 2010

Apr 13 2010 // The Missouri Labor Department’s Division of Workers’ Compensation (DWC) fraud and noncompliance referrals to the state attorney general for workers’ compensation violations more than doubled in the first...

Colorado House Bill Aims To Increase Insurance Fraud Fighting Fund

Apr 12 2010 // The Colorado House has passed a bill to increase funding to help fight insurance fund by surcharging insurance companies. Insurers currently are charged $425 annually, and House Bill 1385 that amount to $561. Revenue from...