Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Miami Insurance Agent Accused of $14 Million in Premium Finance Fraud
Oct 13 2009 // A Miami insurance agent was arrested for the second time in less than a month for stealing more than $14 million by submitting thousands of fraudulent premium finance contracts for fictitious policyholders, according to...
Southern California Broker Sentenced for Stealing
Oct 13 2009 // Former insurance agent and San Diego County resident Lynn Flanagan, 60, was sentenced to serve 180 days in jail and pay more than $100,000 in restitution for stealing from clients, the California Department of Insurance...
New York Enforcers: $10K-a-Day Fraud Ring Had International Link
Oct 9 2009 // A crime ring raked in about $10,000 a day by manufacturing credit cards with numbers purchased illegally from overseas Web sites, committing mortgage fraud and staging car accidents and auto thefts to collect insurance...
California Man Nabbed for Auto Insurance Fraud
Oct 9 2009 // California Insurance Commissioner Steve Poizner announced today that Tony Lu, 56, of San Jose, was arrested on October 7 and charged with filing a false motor vehicle claim, perjury and falsely reporting a crime. Lu was...
California Art Theft “Stinks” Police Say
Oct 8 2009 // Two men who claim thieves broke into their rental home in the ritzy coastal enclave of Pebble Beach and made off with millions of dollars worth of art were named as suspects in the case Tuesday. Monterey County...
Utah Commissioner Warns of “Nationwide” Scam
Oct 8 2009 // Utah officials are warning the public of an international mail fraud scheme involving a bogus letter said to be from Nationwide Insurance. The scam has spread to 10 states, according to the Utah Department of...
Arizona Has Big Decline in Auto Theft
Oct 7 2009 // Thefts of cars and trucks in the Phoenix area are down 33 percent over last few years according to law enforcement and insurance industry experts. Roughly 55,300 cars, trucks and motorcycles were stolen in 2004, compared...
New York Deputy Sheriff Accused of Workers’ Comp Fraud
Oct 7 2009 // A deputy sheriff has been accused of claiming an on-the-job injury when she actually was hurt by being thrown off her horse. The Putnam County deputy, Barbara Dunn, was indicted Monday on charges including grand larceny,...
Trustee Sues Madoff Family Members for $198 Million
Oct 6 2009 // A court-appointed trustee sued the brother, sons and a niece of imprisoned fraudster Bernard Madoff Friday for $198 million, accusing them of milking the family-run business while they were executives of the...
U.S. Supreme Court Justices Face High-Profile Cases As New Term Opens
Oct 6 2009 // Questions about securities fraud, Sarbanes-Oxley, financial executives’ compensation and football merchandise are among the high-profile cases that the Supreme Court will take up in its term that began this week:...
Lloyd’s D&O Coverage an Issue in Stanford Fraud Case
Oct 5 2009 // Lloyd’s of London has told a federal judge he should not allocate the proceeds of a directors and officers insurance policy for accused swindler Allen Stanford and other executives because they have no guarantee of...
Minnesota AG Sues 2 Insurers for Alleged Fraudulent Activity
Oct 1 2009 // Minnesota Attorney General Lori Swanson is suing two out-of-state companies for selling allegedly fraudulent health insurance coverage to the uninsured. In an announcement on the AG’s Web site, Swanson said the two...
Insurance Industry to Create National Database to Combat Cargo Crime
Sep 30 2009 // By networking existing databases and adding secure reporting and analytic functions, two insurance industry organization hope to create a nationwide information sharing system on cargo crimes. The rating and statistical...
Louisiana Agent Accused of Premium Theft, Unfair Trade Practices
Sep 25 2009 // A Scott, La., area insurance agent has been arrested, issued a cease and desist order, summary suspension of his license and fine notice for alleged misappropriation of premiums and unfair trade practices. Carmen Miller,...
State Auto Offers Enhanced ID Theft Coverage for Married Couples
Sep 25 2009 // The State Auto Insurance Companies, based in Columbus, Ohio, now offer customized Marriage Identity Services, enhancing the lineup of identity protection services available to State Auto policyholders. Through a...
Montana Commissioner Stumps Against Fraud
Sep 25 2009 // Promises of high profits, low risks, and guaranteed returns may sound too good to resist to cash-strapped investors in a recovering economy, but Montanans struggling to avoid getting scammed don’t have to go it...
Louisiana Insurance Agents Fined for Alleged Fraud
Sep 24 2009 // Two Denham Springs, La., insurance agents have been accused of committing insurance fraud, and were served with cease and desist orders, summary suspension notices and fine notices by the Louisiana Department of...
California Sues Madoff ‘Middleman’ Chais for Fraud
Sep 23 2009 // California Attorney General Jerry Brown Tuesday sued Stanley Chais, a Beverly Hills money manager accused in lawsuits by investors and U.S. regulators of channeling hundreds of millions of dollars from Hollywood’s...
Car Theft Ring Targeted U. of Tennessee Football Fans for 10 Years
Sep 23 2009 // Federal authorities say two dozen people arrested earlier this year were part of a sophisticated car theft ring that targeted vehicles at University of Tennessee football home games. Unsealed federal documents examined by...
Las Vegas Malpractice Fraud Case Reinstated by Federal Court
Sep 21 2009 // A federal appeals court has reinstated a criminal case against a Las Vegas attorney and medical consultant accused of participating in a scheme to inflate medical costs, protect doctors from malpractice lawsuits and share...
