Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Honolulu Man Convicted in Hawaii’s First Workers’ Comp Theft Case
Aug 5 2010 // Llorente SIU announced the conviction of an Ewa Beach, Hawaii, man on theft and perjury charges resulting from a suspect workers’ compensation claim. Jacob Belaski, the owner of Teixeira Trucking Inc. misrepresented...
Pennsylvania Sees Increase in Insurance Fraud
Aug 4 2010 // Pennsylvania saw a 22 percent increase in fraud complaints in the first half of the year, in a continuation of a trend that started two years ago, according to the Pennsylvania Insurance Fraud Prevention Authority...
Philadelphia Insurance Fraud Schemer Gets 4 to 10 years
Aug 4 2010 // A man who Philadelphia prosecutors call the mastermind of a more than $1 million insurance fraud scheme will serve four to 10 years in prison. A judge on Thursday also ordered 44-year-old Wallace Morris to pay $440,000 in...
New Jersey Agent Pleads Guilty to $300K in Thefts
Aug 3 2010 // A New Jersey insurance broker has pleaded guilty to stealing more than $300,000 in premium payments from his clients, according to the state’s attorney general. Under a plea agreement with prosecutors, the state will...
Massachusetts Lawyer Reinstated After Insurance Scam
Aug 2 2010 // A lawyer from a well-known Massachusetts personal injury firm who was convicted of insurance fraud will be allowed to practice law again. The state’s highest court on Thursday reinstated the law license of Nicholas...
North Dakota Property Crime Rate Down, but Violent Crimes on Rise
Jul 29 2010 // Attorney General Wayne Stenehjem says North Dakota’s crime rate dropped slightly last year, but the number of violent crimes rose. A new report provides North Dakota statistics for a number of crimes, including...
North Carolina Mother, Daughter Charged with Insurance Fraud
Jul 29 2010 // A Winterville, North Carolina mother and daughter have been accused of conspiring with one another to alter medical bills and submit them to Farm Bureau Insurance Co. They received $1,264 as a result of these claims,...
Agency Employee Charged with Stealing $22K from New York Agency
Jul 28 2010 // The owner of a Woodside, New York insurance brokerage has been arrested for allegedly stealing $22,300 in commissions from an insurance agency that fired her. New York fraud investigators said Gohar Parunakyan, 40, of...
BP Claims Fund On Alert for Phonies While Cutting Red Tape
Jul 27 2010 // Swindlers, scammers and even a few strippers are flocking to the Gulf Coast in search of a piece of the $20 billion BP Plc has set aside to compensate residents for spill-related losses. Adjusters passing out emergency...
Court Dismisses Lawsuit Challenging Calif. Commissioner’s Actions
Jul 27 2010 // California Insurance Commissioner Steve Poizner is considering a recent court decision a victory for consumers, as a lawsuit that attempted to stop the Commissioner from protecting Californians in connection with the...
Kansas Suspends Insurance Agent’s License Amid Federal Probe
Jul 26 2010 // Kansas regulators have suspended the license of a Wichita insurance agent in a rare emergency order spurred by a federal investigation over alleged fraud linked to the trust of an elderly woman. The action was taken...
UK Insurers Hit with over 2,300 Fraudulent Claims Every Week
Jul 26 2010 // The UK’s insurers are detecting more fraudulent insurance claims than ever according to figures released by the Association of British Insurers. The ABI said that insurers had received over 2,000 dishonest insurance...
Second Indictment Charges Maryland Broker with $2.5M Theft
Jul 23 2010 // A New Jersey grand jury has indicted a Maryland insurance broker, his companies and an accomplice on charges they conspired to steal $2.5 million from the Perth Amboy school system, the state’s attorney general...
Hate Crimes in California Drop 20%
Jul 22 2010 // Hate crimes in California fell by more than 20 percent last year, according to a new report released by California Attorney General Edmund G. Brown Jr.’s office. “Hate Crime in California 2009” showed...
Queens Contractor Arrested for Workers’ Comp Fraud
Jul 20 2010 // The New York State Insurance Fund said a Queens contractor who allegedly defrauded the workers’ comp insurer of more than $150,000 in uncollected premium has been arrested. Queens contractor on grand larceny and...
Investors Face Uphill Battle with Liability Lawsuits Against BP
Jul 20 2010 // Shareholders angry about BP Plc’s battered stock price are heading to the courthouse in hopes of reclaiming some of their losses, but they face an uphill battle. Since the Deepwater Horizon oil rig exploded in April,...
Los Angeles Judge Dismisses Sterility Verdict Against Dole
Jul 19 2010 // A judge on Thursday dismissed a $2.3 million judgment against Dole Food Co. in a lawsuit by purported Nicaraguan banana workers, ruling that the company and the court were victims of a massive fraud. Los Angeles Superior...
New Jersey Bill Targets Vehicles Registered Out of State
Jul 19 2010 // New Jersey is taking aim at residents who fraudulently register their vehicles or obtain auto insurance in other states. The Assembly recently passed a measure that makes so-called “reverse rate evasion” a form...
AIG to Pay $725M to Settle Securities Fraud Lawsuit
Jul 19 2010 // American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history. AIG,...
Goldman Sachs Settles with SEC for $550 Million
Jul 16 2010 // Goldman Sachs Group Inc. agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank’s clients and investors. The...
