Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Judge Refuses to Dismiss Securities Fraud Lawsuit Against AIG
Sep 27 2010 // A judge 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...
Arkansas Cracking Down on Counterfeit Insurance Cards
Sep 27 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...
Geico Lawsuits Target New York No-Fault Fraud Schemes
Sep 27 2010 // Geico is seeking $9 million in damages in three fraud lawsuits alleging that a medical equipment supply supplier and its attorneys, a radiology practice in Brooklyn and a Queens medical facility submitted thousands of...
Bank Bailout Fraud On the Rise, Probes Continuing, Says TARP Cop
Sep 22 2010 // The top U.S. bailout cop said evidence of fraud among banks that sought taxpayer funds was on the rise, and some of his investigations involve amounts exceeding $550 million. Neil Barofsky, the special inspector general...
Poor Service Leads to Fraudulent Insurance Claims, Survey Finds
Sep 22 2010 // More than half (55 percent) of U.S. consumers say poor service from an insurance company is more likely to cause an individual to commit fraud against that company, according to a survey by Accenture. The survey also...
Florida Insurer Blames Exit on Fraud
Sep 20 2010 // With a letter sent out a few weeks ago, Explorer Insurance announced that it will no longer write private automobile policies in Florida because there is too much fraud. “The company is taking this action in light of...
Washington Working Harder to Combat Insurance Fraud
Sep 20 2010 // In advance of a rate announcement expected in this month, Washington’s Department of Labor and Industries is strengthening fraud fighting efforts, helping distressed employers and driving down costs internally...
Facebook Boast Leads to Probation for $9K Workers’ Comp Fraud
Sep 17 2010 // A supposedly injured New York woman caught bragging on Facebook about her salary and job has pleaded guilty of stealing nearly $9,000 in undeserved worker’s comp benefits and sentenced to three years probation for...
New York Group Says No-Fault Fraud Problem Growing
Sep 16 2010 // A coalition of New York insurers says blaming medical mills are driving up the cost of auto insurance, a trend that amounts to a “no-fault automobile insurance fraud crisis” in the state. The New York Alliance...
Justice Department Says Over 1,300 Charged With Katrina Fraud
Sep 16 2010 // More than 1,300 people have been charged in federal fraud cases related to the 2005 hurricanes in the five years since the storms struck the Gulf Coast, the Justice Department said Tuesday. A report released by the...
Cincinnati Police Caution Car Owners About Thefts
Sep 14 2010 // Cincinnati police are placing notes on cars parked around the city, cautioning owners not to leave laptop computers, GPS devices or other equipment in their vehicles where it can be seen by would-be thieves. Police say the...
Florida Arrests Alleged Citizens Property Scammer
Sep 13 2010 // Florida Chief Financial Officer Alex Sink today announced the arrest of Aylin Hernandez, 23, of Miami, for fraudulently diverting mail and stealing payments intended for Citizens Property Insurance Corporation. Hernandez...
New York Indicts Seven for Workers’ Comp Fraud
Sep 10 2010 // New York investigators have arrested seven people for workers’ comp fraud as part of a three-county sweep in Upstate New York. In one instance, the investigators used surveillance video to record a Poughkeepsie man,...
Departure of Insurer from Florida Points Up Fraud Problem
Sep 9 2010 // With a letter sent out a few weeks ago, Explorer Insurance announced that it will no longer write private automobile policies in Florida because there is too much fraud. “The company is taking this action in light of...
Florida Arrests Two Insurance Executives for Lying on Statements
Sep 9 2010 // Florida Chief Financial Officer Alex Sink announced today the culmination of an extensive insurance fraud investigation with the arrest of Luis M. Espinosa, 60, and Rene M. Cambert, 55, on eight first degree felony counts...
Arkansas Man Sentenced For Katrina Fraud
Sep 7 2010 // A federal judge has sentenced a Fort Smith, Arkansas, man to 18 months in prison for lying to the Federal Emergency Management Agency to get disaster assistance for Hurricane Katrina. U.S. District Judge Robert Dawson also...
Former New Orleans Airport Director Faces Insurance Fraud Charges
Sep 2 2010 // The former airport director at New Orleans’ Louis Armstrong International Airport faces criminal charges in an alleged case mail and insurance fraud related to Hurricane Katrina. U.S. Attorney Jim Letten said Sean...
Authorities Set Trial Date in Alabama Katrina Fraud Case
Sep 2 2010 // An Alabama woman is set for trial on a charges she conspired to defraud the federal government by preying on Hurricane Katrina victims who needed their properties rebuilt. The government seeks a judgment of $62,500 against...
Washington Working Harder to Combat Insurance Fraud
Aug 31 2010 // In advance of a rate announcement expected in September, Washington’s Department of Labor and Industries said it is working to “transform itself” by strengthening fraud fighting efforts, helping...
Stanford, Execs Deny Key Role in Alleged Fraud Cited by Lloyd’s
Aug 30 2010 // Lawyers for Texas financier Allen Stanford and two accounting executives who worked for him sought to distance their clients Friday from the alleged financial wrongdoing insurer Lloyd’s of London cites as a reason to...
