Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Philly DA Breaks Up Alleged $1M Insurance Fraud Scheme
May 27 2008 // The alleged mastermind of a more than $1 million insurance fraud scheme in Philadelphia has been arrested, and investigators say they expect lawyers and doctors to also be charged. District Attorney Lynne Abraham says the...
FBI Says Fighting Financial Crimes a Priority; Insurance Cases Top 200
May 23 2008 // The Federal Bureau of Investigation pursued 529 financial crime cases in its most recent fiscal year, including 209 insurance fraud cases. During it fiscal year 2007, the 209 insurance fraud cases investigated by the FBI...
Barriers to Prosecution of Fraud Cases Include Finding an Effective Prosecutor
May 23 2008 // The biggest barrier to effectively prosecuting individuals who commit insurance fraud is finding an effective prosecutor, Scott Cassidy, chief of special prosecutions, Cook County State’s Attorney’s office said...
Florida Man Pleads Guilty to Role in Motorcycle Theft Ring
May 22 2008 // A Lee County, Florida man pleaded guilty for his involvement in a string of motorcycle thefts, according to state Attorney General Bill McCollum. Christian Torres Lopez, 28, will be sentenced for his participation in the...
Oklahoma Senate Approves Measure to Curb Copper Theft Epidemic
May 20 2008 // The Oklahoma Senate has approved legislation intended to curb the growing problem of copper theft. Senate Bill 1856, authored by Sen. Cliff Branan, R-Oklahoma City, would increase fines and punishments for the crime of...
October Trial Date Set for La. Legislator in Insurance Fraud Case
May 19 2008 // A federal judge set an Oct. 6 trial date for a Louisiana legislator charged with helping launder money for a woman accused of illegally selling insurance. Sen. Derrick Shepherd, who was indicted in April, did not appear in...
Insurance Industry: One Cog in the Cargo Theft Prevention Machine
May 19 2008 // Supply chain players advised to combine strategies for a multi-level solution to loss control While cargo theft can affect every sector of the supply chain, competing interests among the various players in the chain can...
Oklahoma AG Warns of Fraud in Storm-Damaged Areas
May 16 2008 // Oklahoma Attorney General Drew Edmondson’s office is warning consumers in areas battered by recent storms to beware of fraudsters seeking to take advantage of storm weary property owners. Investigators in the...
Texas AG Settles with El Paso Company on Identity Theft Charges
May 9 2008 // Texas Attorney General Greg Abbott reached an agreement with El Paso-based CNG Financial Corp. and its subsidiaries, Check ‘n Go of Texas Inc. and Southwestern & Pacific Specialty Finance Inc., over charges that...
Greenberg’s Starr Foundation Sues AIG, Alleging Fraud over Credit Losses
May 9 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps. The...
National Insurance Crime Bureau: West Has Highest Vehicle Theft Rates
May 5 2008 // The West has the highest per capita rates for vehicle thefts, according to the National Insurance Crime Bureau, which ranked the top metropolitan statistical areas (MSA) with the highest per capita rate for vehicle thefts...
2 Sentenced for Insurance Fraud in West Virginia
May 2 2008 // West Virginia officials sentenced two McDowell County men after charging them with conspiracy to commit insurance fraud, according to West Virginia Insurance Commissioner, Jane L. Cline. Cline said Harold Patrick Estep,...
Tyco International to Pay N.J. $73M to Settle Securities Fraud
May 2 2008 // Tyco International Ltd. has agreed to pay New Jersey $73 million to resolve state charges of securities fraud. The state Attorney General’s office says that under the settlement agreement finalized Wednesday, Tyco...
Kentucky Public Safety Officials Concerned with Scrap Metal Thefts
Apr 30 2008 // A rash of sewer grate thefts around northern Kentucky has police worried about safety as scavengers seek scrap metal to sell. Thieves stole at least 26 sewer grates this month from streets in Newport, Covington, Fort...
Auto Fraud Suspect Arrested in California
Apr 29 2008 // A Desert Hot Springs, Calif., resident was arrested for allegedly defrauding his insurance company of $26,000, the California Department of Insurance reported. Robert Andrew Nelson, 44, was arrested in Cathedral City,...
Texas March Enforcement Actions Result in $130K in Fines, Restitution
Apr 29 2008 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during March include five license revocations, four license denials, and fines and restitution totaling $130,400. Copies of...
Alfa Insurance Offers Rewards in String of Alabama Copper Theft
Apr 29 2008 // As the theft of copper wiring and other valuable metals is growing, particularly throughout rural communities, Alabama-based Alfa Insurance is offering an additional $10,000 reward for information leading to a conviction...
West has Highest Vehicle Theft Rates
Apr 23 2008 //
Prosecutor: No Criminal Charges Filed in N. D. Workers’ Comp Agency Firings
Apr 23 2008 // A prosecutor has decided not to seek criminal charges for the firings of two North Dakota workers compensation agency employees, saying he does not believe he could prove they were victims of illegal retaliation. James...
Judge in Mississippi Rejects Fraud Claim against State Farm in Katrina Suit
Apr 23 2008 // A federal judge on Monday dismissed claims of fraud in a key Hurricane Katrina lawsuit that accused State Farm Fire & Casualty Co. of using different engineering reports to deny a Mississippi couple’s insurance...
