Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Jury Picks, Opening on Tap in Fraud Trial of Former Pennsylvania Judge
Oct 22 2008 // Jury selection is expected to wrap up in the federal fraud trial of a retired Pennsylvania appellate judge in Pittsburgh. Retired Superior Court Judge Michael Joyce is charged with mail fraud and money laundering because...
U.S., New York Officials Probe Credit Default Swap Market
Oct 21 2008 // Federal and New York state prosecutors have launched an investigation of the credit default swap market, inquiring whether speculators had manipulated CDS transaction data to put more pressure on the shares of banks...
Arizona Hosts Insurance Fraud Summit
Oct 21 2008 // The price tag of fraudulent property and casualty insurance claims nationally is about 10 percent of insured losses,” said Ron Williams, executive director of the Arizona Insurance Council. That was one figure that...
Insurance Fraud Case Set for Ex-Pennsylvania Judge
Oct 20 2008 // After a fender-bender in 2001, a Pennsylvania appellate judge claimed he was left in constant pain, unable to golf or swim or even at times hold a cup of coffee steady. Yet the following year, prosecutors say, he was...
North Carolina Insurance Investigators Thwart Alleged Auto Accident Ring
Oct 15 2008 // North Carolina Department of Insurance investigators arrested five Halifax County residents for their roles in what investigators are calling an auto insurance fraud ring that netted the accused more than $25,550 in...
Crime Prevention Program Comes to Texas/Mexico Border
Oct 15 2008 // The Insurance Council of Texas (ICT) has joined with the Texas Automobile Burglary and Theft Prevention Authority and the Del Rio, Laredo and Brownville Police Departments in a crime prevention campaign aimed at preventing...
American National Aiding Clients of Former Agent Accused of Premium Theft
Oct 10 2008 // Galveston, Texas-based American National Insurance Company and its subsidiary, American National Property and Casualty Company learned shortly after Hurricane Ike that one of its agents had failed to forward to the Texas...
Is ID Theft Insurance Worth Recommending to Agency Clients?
Oct 9 2008 // A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona, California, Nevada, Texas, Florida and New York. All of these states reported that more...
Wausau Signature Agency Forms Alliance to Combat Construction Theft
Oct 8 2008 // Wausau Signature Agency (WSA) recently announced it has entered into an alliance with the National Equipment Register (NER) to help WSA clients combat the growing problem of construction equipment theft by registering...
West Virginia Insurance Commission Employee Info on Stolen Laptop
Oct 8 2008 // A laptop containing personal information about more than 500 state employees in West Virginia is now in the hands of a thief. Department of Administration spokeswoman Diane Holley says the laptop was taken from an...
North Dakota Agent Pleads Not Guilty to 78 Counts of Fraud
Oct 6 2008 // A Fargo insurance agent has pleaded not guilty to stealing more than $5 million from clients. Larry Atkins is charged with 78 felony counts, including engaging in fraudulent practices and selling unregistered securities....
Seattle To Provide Asian Communities With Fraud Prevention Tools
Oct 6 2008 // Washington Attorney General Rob McKenna and five interpreters are planning to help educate Seattle’s Asian communities about fraud prevention. McKenna’s office, the Asian Pacific American Resource Network...
ID Theft Insurance: Oasis or Mirage?
Oct 6 2008 // Is It Worth Recommending to Valued Agency Clients? A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona, California, Nevada, Texas, Florida and...
Massachusetts Crackdown on Insurance Fraud Sets Milestones
Oct 3 2008 // Five years after the creation of Massachusetts’ first local anti-insurance fraud team, the state’s Insurance Fraud Bureau says the combined local task forces have charged over 1,000 people with insurance...
Kansas Man Convicted of Insurance Fraud Files for Bankruptcy
Oct 3 2008 // A man convicted in five Kansas counties of selling insurance to elderly residents but pocketing tens of thousands of dollars in premiums has filed for bankruptcy. The Chapter 7 filing by Ronald Hummel of Hutchinson could...
Texas Law Firm Pleads Guilty to Role in Staged Accident Scheme
Oct 3 2008 // Trey Allen, P.C., a professional corporation, which was previously known as the Law Office of John H. Allen, III, P.C., pled guilty in federal court before U.S. Magistrate Judge Paul D. Stickney, to charges of conspiracy...
Boston’s ‘Biggest Loser’ Indicted in Insurance Fraud Case
Oct 1 2008 // A Suffolk County grand jury returned indictments against a Boston man in connection with allegedly attempting to defraud insurance companies by reinsuring expensive jewelry that had allegedly been stolen, and for allegedly...
Ohio Doctor Pleads Guilty to Fraud
Sep 30 2008 // The Ohio Bureau of Workers’ Compensation says a Columbus doctor billed the state for services he didn’t provide to patients in his care. Officials said on September 25 that Dr. James Lipscomb pleaded guilty to...
Thousands of Floridians Become Victims of ID Theft
Sep 30 2008 // Florida resident Stephen Carlisle was not alarmed by the letter he received from Bank of New York Mellon Shareowners Services, notifying him that a data breach had exposed sensitive information from thousands of...
Consumer Groups Urge California to Approve Auto Repair Fraud Legislation
Sep 29 2008 // The Center for Auto Safety, Consumer Action and Consumers Union are united in urging California Gov. Arnold Schwarzenegger to sign Assembly Bill AB 2825, designed to protect motorists from auto body repair fraud. The...
