Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
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...
Forfeiture Postponed in Ex-Pennsylvania Judge’s Fraud Case
Aug 27 2010 // A federal court forfeiture hearing has been postponed in the case of a former Pennsylvania Superior Court judge convicted of insurance fraud, because the judge’s wife has hired a new attorney to try to prevent their...
Former Ohio Agent Convicted on Theft Charges
Aug 27 2010 // Ohio Department of Insurance Director Mary Jo Hudson has announced that former insurance agent Jamie Smith of Bowling Green, Ohio, has been convicted on one count of felony theft in the Lucas County Court of Common...
Aon UK Warns Car Rental Companies on Upswing in ‘Crash for Cash’ Claims
Aug 26 2010 // A bulletin from Aon UK, notes that Britain’s Insurance Fraud Bureau “has claimed that “crash for cash” schemes, in which car accidents are staged in order to claim on another drivers’...
Pennsylvania Indicts Agency Execs, Spouses in $7.5M Pyramid Scheme
Aug 25 2010 // Two Pennsylvania insurance agency execs and their spouses have been charged in what prosecutors say is a massive pyramid scheme that swindled local colleges, businesses and other organizations of more than $7.5...
Church Fraud Hurts Both Congregation and Insurers
Aug 24 2010 // Church music director Carva White faced the music after launching an unholy plan to burn down his house of worship for an insurance payout. White played hymns for the Sunflower Missionary Baptist Church in Leavenworth,...
Stolen Wallets, IDs Most Common Causes of ID Fraud
Aug 24 2010 // Victims of identity theft are most often targeted via burglary, stolen wallets and pilfered identifications, according to a new survey on identity fraud. In some 76 percent of all cases of identity fraud reported by...
Court Rules North Dakota Farm Fraudster Entitled to Benefit
Aug 20 2010 // North Dakota’s Supreme Court says an insurance agent who was convicted of running a federal farm payment scam is entitled to some retirement money. Duane Huber of Wimbledon contended North Dakota Farmers Union...
Forfeiture Set in Ex-Pennsylvania Judge’s Fraud Case
Aug 19 2010 // A federal judge has set a forfeiture hearing for a former Pennsylvania Superior Court judge who is serving a 46-month prison sentence for insurance fraud. Michael Joyce, of Millcreek Township, was convicted of mail fraud...
Three in N.C. Busted for Auto Theft Fraud
Aug 17 2010 // North Carolina’s Insurance Commissioner Wayne Goodwin has announced the arrests of three individuals allegedly involved in a fraudulent stolen vehicle scheme meant to deceive an insurance company. Donna Leblanc, 55,...
Ohio Highway Patrol: ID Theft Increase ‘Alarming’
Aug 16 2010 // Ohio Highway Patrol troopers say they’re seeing an “alarming” increase in cases of identity theft. The patrol says it has investigated 248 cases so far this year, compared to 114 by this time in 2009. The...
2010 Education & Training Directory
Aug 16 2010 // Insurance Journal is pleased to publish the 2010 Education and Training Directory. This exclusive resource directory has been designed to help independent agents and brokers find educational and training opportunities to...
Tennessee State Senator Could Have Sentence Reduced
Aug 12 2010 // Former state senator John Ford could have his federal prison sentence nearly cut in half after a recent Supreme Court decision that weakened an anti-fraud law. The 68-year-old Ford is serving a 19-year sentence. A 2008...
National Insurance Crime Bureau Starts New Florida Effort
Aug 11 2010 // The National Insurance Crime Bureau (NICB) announced today that it has established its second major medical fraud task force in Florida to counter the increase and spread in acts of medical fraud. The Central Florida Major...
Former Ohio Insurance Agent Indicted on Theft Charges
Aug 6 2010 // Ohio Department of Insurance Director Mary Jo Hudson announced that Michael Cox of Powell, Ohio, has been indicted by a Franklin County grand jury on ten counts of felony theft. A department investigation revealed Cox had...
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...
