Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
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...
As Surveillance Cameras Catch On, Florida Police Catch Criminals
Apr 9 2010 // The eyewitnesses are everywhere, watching everything. Break-ins. Bank heists. Convenience store robberies, purse snatchings and shopping sprees charged on stolen credit cards. All these incidents and more caught in the...
Earnings Pressure Encouraging Corporate Fraud in India: Survey
Apr 6 2010 // The incidence of corporate fraud, particularly financial statement fraud, is rising in India, largely due to pressure to meet earnings targets and weak internal control systems, a survey by consultancy KPMG showed. More...
U.S. High Court Weighs Foreign Investors Suing in U.S. Courts
Apr 6 2010 // The Supreme Court indicated this week it could prohibit foreign investors from using U.S. securities law and American courts to sue a foreign bank for fraud. The court heard argument in a challenge from Australian...
Top 10 Internet Frauds
Apr 5 2010 // Online crime complaints increased substantially last year, with the number of fraud complaints jumping 22.3 percent and total losses linked to online fraud reaching almost $560 million. That’s according to the...
D&O Coverage as a Partner in Crime (and Fidelity)
Apr 5 2010 // While high-profile crimes like Bernie Madoff’s $65 billion Ponzi scheme generate headlines, employees at companies across the county are committing smaller, low profile crimes every day. Many employee theft schemes...
MetLife Auto & Home Adds Tax-Related Identity Theft Service
Apr 1 2010 // MetLife Auto & Home has enhanced its identity protection services to include assistance for tax-related identity theft. The assistance is offered as part of the company’s Identity Protection Services provided to...
Idaho Facing New Form of Insurance Fraud
Mar 31 2010 // The Idaho Department of Insurance is warning the public of a new form of insurance fraud. According to the department, following the recent passage of the health care reform bill, a new scam has emergend in which consumers...
American Claims Management Appoints Randall as Director of Special Investigations Unit & Investigations Department
Mar 31 2010 // San Diego, CA, 03/31/10 – American Claims Management, Inc. (ACM), a leading national third party claims administrator, is pleased to announce that Bill Randall will lead ACM’s newly expanded Special...
FEMA Charges Georgia Man with Multiple False Claims
Mar 29 2010 // Desima James would seem to be the unluckiest man in America. In 2005 and 2006 alone, he suffered through three devastating Gulf Coast hurricanes, a tornado in Indiana and flooding in New Hampshire. Or so he told the...
Connecticut Warns 11,000 of Potential Information Theft
Mar 24 2010 // Connecticut officials are notifying 11,000 residents who applied for state rebates after purchasing energy efficient furnaces that their personal information may have been stolen. Robert Genuario, secretary of the...
Insurance Frauds Spike in New York
Mar 23 2010 // What do a pizza maker, insurance underwriter and a podiatrist have in common? In New York, at least, they were among the 499 people convicted of insurance fraud last year, according to the state’s insurance...
Ex-Louisiana Citizens Exec Pleads Guilty to Theft
Mar 23 2010 // Facing trial on March 22, the former head of Louisiana’s property insurer of last resort pled guilty to theft of around $30,000 from Louisiana Citizens Property Insurance Corp. and two related insurance...
Police: Mass. Temp Agency Paid Cash to Avoid Taxes, Insurance
Mar 22 2010 // Two former owners of a temporary employment agency in Massachusetts have been charged with paying more than $24 million in unreported cash to employees as part of a conspiracy to avoid paying more than $7 million dollars...
Criminal Negligence Charges Weighed in Deadly 2007 South Carolina Fire
Mar 17 2010 // The father of a firefighter who died in a 2007 furniture store blaze that killed nine firefighters says families will meet with state fire investigators next week to discuss whether criminal negligence was involved in the...
New York Man Charged with Insurance Fraud for Mobile Home Fire
Mar 16 2010 // An upstate New York man who claimed he was thrown 35 feet out of his mobile home by the force of a propane explosion has been charged with insurance fraud, New York insurance officials said. State police arrested James E....
Top 10 Internet Frauds and Top 10 States for Fraud Complaints
Mar 15 2010 // Online crime complaints increased substantially once again last year, with the number of fraud complaints jumping 22.3 percent and total losses linked to online fraud reaching almost $560 million. That’s according to...
Florida Sweep Nabs 19 Suspects in Staged Accident Fraud
Mar 15 2010 // Florida officials say a statewide sweep of staged accident scammers last week resulted in the arrest of 19 suspects, including arrests in Ft. Myers, Miami, Orlando, Pensacola, Tampa and West Palm Beach Florida CFO Alex...
3 Face Federal Charges in Chicago Workers’ Comp Fraud Case
Mar 12 2010 // Federal law enforcement officials in Chicago report that a chiropractor, a medical doctor and a billing employee at a clinic in Maywood, Ill., have been indicted on federal charges related to workers’ compensation...
The Worst Is Yet to Come
Mar 8 2010 // Deepening State Budget Deficits in 2010 and 2011 Could Harm the Insurance Industry While 2009 was a tough year to do business, state and city leaders say 2010 and 2011 will be even tougher — the outcome of which could...
