Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Workers’ Comp Fraud Leads to Jail Time for Hatchery Owner
Oct 18 2010 // The owner of an upstate New York fish hatchery has been sentenced to 60 days in jail for worker’s comp fraud, the New York State Insurance Department said. Edward Panus, was also ordered to repay $4,500 in benefits...
Kentucky Auditor Clears League Over Workers’ Comp
Oct 18 2010 // Kentucky’s state auditor has found no fraud in the insurance buying practices of the Lexington-Fayette County Urban Government. Auditor Crit Luallen said her agency found no evidence to conclude that the city’s...
Be Fair to CSRs
Oct 18 2010 // Insurance customer service and claims representatives may not have realized it but when they fail to do their jobs, they are contributing to the insurance fraud problem. According to a survey by Accenture, more than half...
Be Fair to CSRs
Oct 18 2010 // Insurance customer service and claims representatives may not have realized it, but when they fail to do their jobs, they are contributing to the insurance fraud problem. According to a survey by Accenture, more than half...
Imprisoned New Jersey Woman Indicted for Auto Insurance Fraud
Oct 15 2010 // New Jersey prosecutors say a woman who is currently serving a five-year sentence for insurance fraud and identity theft has been indicted in a separate insurance fraud scheme to steal over $8,000 from Liberty...
29 Arrested in Las Vegas Theft Case
Oct 15 2010 // Las Vegas police say 29 people have been nabbed in a year-long undercover operation aimed at disrupting trafficking in stolen vehicles, firearms and personal identification documents. Police said Tuesday that 10 more...
Stanford Denied Use of Lloyd’s Insurance to Pay Fraud Defense
Oct 14 2010 // Accused swindler Allen Stanford may not use $100 million in a Lloyd’s of London directors and officers insurance policy to pay the lawyers defending him on charges of running a $7 billion fraud, a U.S. judge in Texas...
North Carolina Opens Criminal Probe of Insurance Agent Who Killed Himself
Oct 14 2010 // State Insurance Department officials say they have begun a criminal investigation into the businesses of a Fayetteville man who killed himself in August. The Fayetteville Observer reported that a spokeswoman says the state...
Louisiana Agent Told to Stop Selling Insurance; Fined $10K
Oct 13 2010 // A Winnsboro, La., agent was served by the Louisiana Department of Insurance Fraud Section Investigators with a cease and desist order, a summary suspension order and a $10,000 fine notice for alleged misrepresentation. The...
Kentucky Auditor Clears League Over Workers’ Compensation Purchase
Oct 7 2010 // Kentucky’s state auditor has found no fraud in the insurance buying practices of the Lexington-Fayette County Urban Government. Auditor Crit Luallen said her agency found no evidence to conclude that the city’s...
Arkansas Developer Ordered Jailed on Insurance Fraud Convictions
Oct 7 2010 // Little Rock developer Aaron Jones, who was convicted of setting fire to his $1.6 million family home in an insurance scheme, has been taken into custody so he can start serving time pending a prison sentence. Arkansas...
Idaho Insurance Agent Sentenced in Fraud Case
Oct 4 2010 // An Idaho judge has ordered an insurance agent from Rathdrum to spend 20 days in jail and pay more than $4,200 in restitution for insurance fraud. Former Mutual of Omaha agent Wesley Bruce Thompson pleaded guilty to the...
Judge Refuses to Dismiss Securities Fraud Lawsuit Against AIG
Oct 4 2010 // A judge has refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion of...
Declarations
Oct 4 2010 // Phantom Oversight “We need to uncover the true extent of what the FDA knew and when they knew it and determine whether or not they acted appropriately and timely.” —Congressman Darrell Issa (R-Calif.),...
Arkansas Cracks Down on Counterfeit Insurance Cards
Oct 4 2010 // Eight of nine individuals alleged to have produced, bought or sold counterfeit proof of insurance cards for motor vehicles have turned themselves in as the result of warrants executed by the Arkansas Insurance...
Worker Theft
Oct 4 2010 // It’s Usually One You Least Suspect It often starts with a trusted employee who a small business owner would never suspect. Invoices might be forged, or checks might be stolen. By the time the boss catches on,...
Homeowners’ Madoff Claims Not Covered Under AIG Policy: Judge
Oct 1 2010 // American International Group Inc. need not make payments to some former Bernard Madoff clients who said their homeowner insurance policies entitled them to coverage for alleged losses, a judge ruled. Two California...
Arkansas Jury Finds Developer Guilty of Fraud in House Fire
Oct 1 2010 // A jury convicted an Arkansas developer on fraud charges, finding that he set fire to his $1.6 million family home in Little Rock in an effort to collect insurance proceeds. Aaron Jones was convicted of three counts of mail...
Kentucky Police Find Stolen Golf Carts For Sale Online
Oct 1 2010 // Police in central Kentucky have recovered six stolen golf carts after finding three of them offered for sale online. WAVE-TV in Louisville reported that Hillview Police discovered the carts offered on Craigslist. Billy...
North Carolina Repair Shop Owner, Customer Charged with Fraud
Sep 30 2010 // A North Carolina automobile repair shop owner and one of his customers have been arrested and charged with insurance fraud. State officials report that John Marvin Smith, III, of Robersonville, and Fronzie Griffin, of...
