Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Prosecutors Allege AIG Scheme Cost Investors $1 Billion
Sep 8 2008 // U.S. prosecutors said a scheme to manipulate the financial statements of the world’s largest insurance company, American International Group Inc., resulted in a loss of more than $1 billion to investors. Four former...
Brooklyn Man Charged with $130K Workers’ Comp Fraud
Sep 8 2008 // A 60-year-old Brooklyn man who maintained that a workplace injury left him unable to stand, walk or drive has been arrested on charges that he fraudulently claimed $130,000 in lost wage benefits and medical expenses. Lev...
Houston Couple Charged for Insurance Fraud, Deadly House Fire
Sep 5 2008 // A grand jury has indicted a Houston, Texas couple over a 2003 fire that killed their daughter and a boy in an alleged house insurance scheme. Harris County Fire Marshal’s arson investigator Lonnie Blevins said...
Former N.H. Insurance Agent Indicted on Fraud Charge
Sep 4 2008 // A federal grand jury has indicted a 53-year-old Bedford, N.H., man on charges he defrauded clients of his insurance agency. Prosecutors say from October 2001 to September 2003, Raymond Douville operated an insurance agency...
National Insurance Crime Bureau President, CEO Bryant Retiring Today
Sep 2 2008 // Susan Q. Hood, claims vice president, State Farm Mutual Automobile Insurance Company and chair of the board of governors (BOG) of the National Insurance Crime Bureau (NICB) announced today that Robert M. “Bear”...
It Figures
Sep 1 2008 // 84,000 The Arkansas Department of Health says the state had 84,000 fewer smokers in 2007 than five years earlier. Officials say that since 2002, the percentage of adults who smoked dropped from 26.3 percent to 22.4...
Feds Charge 11 in Biggest-Ever Identity Theft Case
Sep 1 2008 // Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers. Eleven people,...
Pennsylvania Chiropractor Charged in Staged Bus Accident Claims
Aug 27 2008 // A former Bucks County, Pa., chiropractor has been accused of fraudulently billing two insurance companies for more than $27,000 for treatments to patients who claimed to have been injured in staged bus accidents. Attorney...
Illinois Mayor Charged with Insurance Fraud Steps Down
Aug 26 2008 // Niles, Illinois’ long-time mayor, Nicholas Blase, is stepping down after 47 years. In a statement on the village Web site, Blase, 80, said his retirement would be effective Monday, Sept. 1. The Village Board will...
California Names Deputy Commissioner of Enforcement Branch
Aug 26 2008 // California Department of Insurance Fraud Division Bureau Chief Rick Plein has been appointed deputy commissioner of the Enforcement Branch. Plein will replace retiring Deputy Commissioner Dale Banda. Plein has more than 19...
Honda Civic, Accord Top 2008 List of Most Stolen Cars
Aug 21 2008 // The 1995 Honda Civic was the car stolen the most in 2007, according to “Hot Wheels 2008,” an annual study from the National Insurance Crime Bureau (NICB). According to the 2008 report of cars stolen in 2007,...
Amerigroup Lawsuit Settled for $225 Million in Illinois Fraud Case
Aug 19 2008 // An insurance company giant has agreed to pay $225 million to settle a lawsuit that accused it of discriminating against pregnant women and other high-risk patients in Illinois. The Illinois attorney general’s office...
Idaho Declares Insurance Fraud Awareness Week
Aug 18 2008 // The Idaho Department of Insurance is spearheading Fraud Awareness Week to promote anti-fraud education, raise awareness about the impact of fraud and white-collar crime on society and encourage Idahoans to report fraud to...
New Jersey Mayor Gets 21 Months for Insurance Fraud Scheme
Aug 18 2008 // Former Passaic, New Jersey Mayor Samuel Rivera was sentenced Friday to nearly two years in prison and a $4,000 fine for accepting cash bribes in exchange for influencing city contracts. Rivera, who was caught in a...
AG: New Identity Theft Scam Targets Texas Debit Card Users
Aug 15 2008 // The Texas Attorney General’s Office reports that a new identity theft scam is targeting users of the Texas Debit Card, or EPPICard, to access child support payments. should beware of that targets EPPICard users. The...
I.I.I. Offers Tips on Identity Theft Protection, Coverage
Aug 15 2008 // The U.S. Justice Department’s announcement last week that it had uncovered one of the largest identity theft schemes in U.S. history is a reminder for consumers to protect their financial information, say the...
Downey Insurance Broker Booked for Grand Theft
Aug 14 2008 // Insurance broker, Prakash Akatrai, aka Peter Akatrai, surrendered himself at the Downey, Calif., Police Station and was booked on six counts of felony grand theft by embezzlement, according to the California Department of...
Another Chicago Police Officer Charged with Insurance Fraud
Aug 14 2008 // Another Chicago police officer has been indicted in connection with a scheme to have his car towed away and declared stolen for insurance money. The U.S. attorney’s office says Officer Scott Campbell was charged on...
Harris County D.A. Considers Criminal Charges Against Bus Owner
Aug 13 2008 // Criminal charges were being considered against a Houston motorcoach owner and president whose bus crashed in north Texas killing 17 Vietnamese Catholics on their way to a religious festival in Missouri, according to a...
Small Businesses Lose $200K to Fraud, Survey Reports
Aug 12 2008 // U.S. organizations lose an estimated 7 percent of their annual revenues to fraud – but damages are more among small businesses, according to a new study. The median loss suffered by organizations with fewer than 100...
