Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Mississippi Attorney General to Target Intellectual Property Theft
Dec 10 2009 // Those behind the sophisticated computer software in Mississippi and elsewhere that tracks down child predators on the Internet are now targeting people who illegally download music and movies. “The good guys are...
S. California Agent Sentenced in Workers’ Comp Theft Case
Dec 8 2009 // Randy Jay Barrett, 41, of Canoga Park was sentenced to 240 days in jail and five years probation after pleading guilty to one count of felony grand theft. Barrett was also ordered to make restitution to his victim and a...
Fraudulent Claims from Hailstorm on the Rise in El Paso
Dec 7 2009 // That fraudulent insurance claims related to a severe hailstorm that hit the city of El Paso, Texas, on Sept. 16 are on the rise comes as no surprise to Ray Niblett. Niblett, an investigator for the National Insurance Crime...
California Agent Guilty of $48,207 Theft from Clients
Dec 7 2009 // Insurance agency owner Craig Randall, 52, of Porter Ranch has been found guilty of 13 counts of theft of funds by a broker or agent, two counts of forgery, one count of attempted theft of funds and one count of attempting...
Southern-California Man Sentenced for Pet Insurance Theft
Dec 7 2009 // A Southern California accountant has been sentenced to 12 years in prison for stealing more than $2 million from a pet insurance company. Stephen Anthony Frlekin of El Segundo pleaded guilty in a Santa Ana courtroom Friday...
New York Regulator Proposes Changes to No-Fault Insurance Coverage
Dec 6 2009 // The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in the Empire State, in a move aimed at reducing fraud. “We have to be vigilant in protecting the pocketbooks...
SEC Charges Hurricane Restoration Company and Execs in Alleged Fraud
Dec 3 2009 // A Dallas and New Orleans-based hurricane restoration company that has been subject to numerous lawsuits since Hurricane Katrina, and several of the company’s executives, have been charged by the Securities and...
Supreme Court to Decide Reach of Securities Law Outside U.S.
Nov 30 2009 // The Supreme Court said Monday it would decide when U.S. laws against securities fraud apply to transnational securities dealings, specifically involving a case about a shareholder lawsuit against National Australia Bank...
New York Regulator Proposes Changes to No-Fault Insurance Coverage
Nov 25 2009 // The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in Empire State, in a move the state’s top regulator says will help reduce fraud. “We have to be...
‘Economic Downturns’ Make Frauds, Scams More Likely Lloyd’s Warns
Nov 17 2009 // “Economic downturns are often linked to increases in fraud and crime,” notes an article on the Lloyd’s web site (www.lloyds.com). “In desperate times people are said to be more likely to turn to...
New York Insurers Say No-Fault Claims Are Driving Up Costs
Nov 15 2009 // No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurers must redouble efforts to root out...
Southern California Agents Pleads to Fraud
Nov 12 2009 // California Insurance Commissioner Steve Poizner today announced that Edwin A. Flores, 33, of Long Beach pled guilty to one count of misdemeanor grand theft and was sentenced Nov. 5 to two years probation, 120 hours of...
Utah Official Pleads to Health Insurance Fraud
Nov 11 2009 // The former commissioner of the Utah Department of Public Safety on Monday entered a conditional guilty plea to two third-degree felony charges of falsely obtaining a prescription and to a misdemeanor count of filing a...
New York Insurers Say No-Fault Claims are Driving Up Costs
Nov 6 2009 // No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurance companies need to redouble efforts...
California Investment Manager Pleads to $8.3 Million Fraud
Nov 5 2009 // A San Francisco investment manager is facing a maximum sentence of 20 years in prison after pleading guilty to fraud. Federal prosecutors say in pleading guilty to mail fraud Tuesday, Alexander Trabulse admitted that he...
New Orleans Jury: Dell Liable for $12.8M in Crime Camera Suit
Nov 4 2009 // A jury in New Orleans has found Dell Inc. liable for $12.8 million in damages over unfair competition and conspiracy claims in a lawsuit involving the city’s problematic crime camera surveillance program. Southern...
Documents Reveal How SEC Botched Madoff Securities Investigations
Nov 2 2009 // U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered. Hundreds of documents released last Friday...
Connecticut Insurance Agent Admits Stealing Clients’ Money
Nov 2 2009 // Federal prosecutors say a Waterbury businessman has admitted to ripping off more than $1.3 million from clients that authorities say was used to gamble at Connecticut’s casinos. The U.S. Attorney’s office said...
California Reports 25% Jump in Auto Fraud Cases Linked to Arson
Nov 1 2009 // In the year 2008, there was a 25 percent increase in suspected vehicle arson fraud in California, according to the state. Commissioner Steve Pointer said that recently compiled statistics show that scam artists may be...
California’s Dunhill Insurance Charged with Municipal Bond Fraud
Oct 30 2009 // A California financial products firm, two current executives and a former executive were indicted on Thursday for bid rigging and fraud related to municipal bond contracts, the Justice Department said. Dunhill Insurance...
