Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Tennessee Arrests 4 in Alleged Multi-Million, Multi-State Insurance Fraud
Mar 1 2010 // Tennessee officials have charged the two owners of a former nonprofit company that was seized by the state in 2007, along with two others affiliated with the now-defunct firm, in what they say is a multi-million dollar,...
Insurance Fraud Reportedly Increasing in Virginia
Feb 26 2010 // The number of suspected insurance fraud notifications received by the Virginia State Police are continuing to increase, according to the Insurance Fraud Program’s 2009 Annual Report Last year, the Insurance Fraud...
Ohio Medical Consultant Sentenced to Prison for Workers’ Comp Fraud
Feb 25 2010 // The owner of a business that compiled medical reports for law firms representing injured workers has been sentenced to four years in prison for workers’ compensation fraud in Ohio, according to the Ohio Bureau of...
Maryland Claims Adjuster Convicted of Theft
Feb 24 2010 // A former claims adjuster for Progressive in Maryland has been sentenced for stealing more than $39,000 from the insurer, according to the state’s attorney general. Chae Hyong Chu, has been sentenced on a single count...
New Jersey Insurance Agent Indicted for Stealing $300K in Premiums
Feb 24 2010 // The former CEO of a now-defunct insurance agency in New Jersey has been indicted for stealing over $300,000 in commercial insurance premiums. Richard Pisacane, former head of Bayonne-based Northern Financial Group, has...
Arkansas: Company Marketing Fraudulent Insurance Products Must Stop
Feb 24 2010 // Arkansas Insurance Commissioner Jay Bradford has suspended the non-resident business entity producer’s license of Cinergy Health Inc. pending the outcome of an administrative hearing scheduled for March 11, 2010, at...
New York State Insurance Fund Anti-Fraud Program Netted 154 Arrests
Feb 23 2010 // The New York State Insurance Fund (NYSIF) says its program targeting workers’ compensation insurance fraud resulted in 154 arrests and $16.6 million in recoveries and estimated savings last year. NYSIF is the Empire...
Connecticut Insurance Agent Faces Sentencing for Fraud
Feb 22 2010 // A Waterbury businessman faces sentencing for ripping off clients of more than $1.3 million, which he used to gamble at Connecticut’s casinos. Thomas Cipriano has pleaded guilty to mail fraud and money laundering. The...
Statewide Auto Theft Continues to Decline in Michigan
Feb 19 2010 // An organization dedicated to reducing auto theft in Michigan reports that while there has been a decline in auto theft in the state, incidents of insurance fraud and component theft have increased. Michigan’s...
Travelers Construction Insurance Offers Wrap+ Fidelity and Crime
Feb 18 2010 // Travelers Construction Insurance and Travelers Bond & Financial Products have teamed together to offer the Wrap+ Fidelity and Crime coverage to the construction industry. The policy will help protect construction...
Some Red Flags in Residential Arsons Fly Before the Fire
Feb 18 2010 // Financial stress is the number one reason residential dwellings are intentionally torched, but proving the act of arson is not that easy. In fact, Federal Bureau of Investigation statistics for 2007 show only around 6...
Georgia Truckers Support Cargo Theft Investigation Unit
Feb 17 2010 // Georgia Governor Sonny Perdue has commended a state trucking association for donating to the state unit charged with investigating cargo theft. The Georgia Motor Trucking Association has donated $16,000 to the Georgia...
Liberty Mutual Says It Was Victim of Fraud by General Re
Feb 16 2010 // Liberty Mutual Insurance Co. last Friday asked a federal judge to undo part of a recent settlement by a reinsurance unit of Warren Buffett’s Berkshire Hathaway Inc. with federal investigators, saying it was a victim...
Middleton Appointed to Calif. Workers’ Comp Fraud Assessment Commission
Feb 16 2010 // California State Compensation Insurance Fund has announced that Lisa Middleton, senior vice president of internal affairs, was elected chair of the Workers’ Compensation Fraud Assessment Commission. Middleton brings...
How Anonymous Citizen Tipsters in Mississippi Help Stop Crime
Feb 8 2010 // Crime prevention takes more than the work of law enforcement officers. Mississippi citizens are also doing their part through a program called Crime Stoppers. The Golden Triangle Crime Stoppers has been in existence since...
Washington Man Pleads Guilty to Workers’ Comp Fraud
Feb 4 2010 // A Ritzville, Wash., man has pleaded guilty to possession of stolen property in connection with illegally collecting workers’ compensation benefits while collecting wages from a nursing home managed by his...
Louisiana Agent Accused of Insurance and Bank Fraud
Feb 3 2010 // The Louisiana Department of Insurance says a Baton Rouge agent has been served with two cease and desist orders, and two fine notices, for alleged insurance fraud, bank fraud, issuing worthless checks, filing false public...
Icelandic Insurer Exista HF Raided by Anti-fraud Agents
Jan 28 2010 // Law enforcement agents from Britain and Iceland searched the premises of Icelandic insurer Exista HF on Tuesday in a probe related to the trading of shares in other companies. The company said Tuesday its offices in...
Kansas City Agent Convicted of Fraud Sentenced to 15 Years in Jail
Jan 28 2010 // The Kansas Insurance Department (KID) reported that a former Kansas City-area insurance agent has been convicted on federal charges of insurance and mortgage fraud, and handed a 15-year jail term. Investigators from the...
Hard Drive Thefts Cost Tennessee Insurer $7 Million
Jan 28 2010 // BlueCross BlueShield of Tennessee says the theft of computer hard drives containing personal information on hundreds of thousands of members has already cost the insurer more than $7 million. The insurer has already...
