Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Former Tyco Shareholders Certified in Class Action Suit
Jun 15 2006 // Former shareholders of Tyco International Ltd., whose former chief executive and chief financial officer were convicted of fraud, have been certified as a class to sue the company and its accounting firm,...
Three Californians Arrested for Allegedly Staging Auto Theft
Jun 8 2006 // California residents Cameron Harris, 44, of Norco, and Michael Weaver, 45, and Kelly Weaver, 43, of Corona, Calif., have been arrested for suspected insurance fraud. All three suspects were booked into the Riverside County...
Cadillac Escalade Most Likely to be Stolen; Lancer Evolution Next in Line
Jun 8 2006 // The Cadillac Escalade, the bold and shiny luxury sport utility vehicle popular with Hollywood’s A-List, rappers and star athletes, apparently also attracts an ill-intentioned constituency: car thieves. Escalades had...
Two W.Va. Arrests for Insurance Fraud, Workers’ Comp Forgery
Jun 7 2006 // Insurance agent Brenda Valentine of the Mountain State Insurance Agency Inc. has been indicted on six felony counts of insurance fraud; and Scott Saul of Pipeline Services has pleaded guilty to workers’ compensation...
Modesto, Calif., Ranked Car Theft Capital of the Nation
Jun 5 2006 // The rural Stanislaus County community that’s grabbed unwanted headlines as home of convicted killer Scott Peterson and former U.S. Rep. Gary Condit now has another unflattering distinction: The nation’s car...
Mass. Proposal Would Phase-In Competitive Rating Over 5 Years; Retain Some Subsidies
Jun 5 2006 // Massachusetts would phase-in competitive rating of private passenger auto insurance over a five year period utilizing “flex band” rating while retaining certain subsidies and restricting how high liability...
Colorado adds fraud prosecutors, investigators
Jun 5 2006 // The Colorado legislature has approved a bill adding a prosecutor and three new investigators to the Attorney General’s office to fight insurance fraud. Bill SB06-038, is awaiting the Governor’s signature, and...
Insurers sue governor, state officials over diversion of funds from Ill. Auto Theft Program
Jun 5 2006 // In an effort to stop Illinois state government from illegally taking millions of dollars designated to fight auto theft, the Property Casualty Insurers Association of America (PCI) filed suit in the state’s Seventh...
Insurers sue governor, state officials over diversion of funds from Ill. Auto Theft Program
Jun 5 2006 // In an effort to stop Illinois state government from illegally taking millions of dollars designated to fight auto theft, the Property Casualty Insurers Association of America (PCI) filed suit in the state’s Seventh...
News Currents
Jun 5 2006 // Colorado adds fraud prosecutors, investigators The Colorado legislature has approved a bill adding a prosecutor and three new investigators to the Attorney General’s office to fight insurance fraud. Bill SB06-038, is...
Industry Groups Applaud Gov. Bush for Vetoing No-Fault Extension
Jun 1 2006 // Gov. Jeb Bush has vetoed SB 2114, a bill passed by the Florida Legislature, that would have extended the state’s no-fault auto insurance law for an additional two years. The PIP law will sunset Oct. 1, 2007, when...
‘Slip and Fall Family’ Given Longest Prison Term in Pa. Anti-Fraud History
Jun 1 2006 // All six suspects in one of the largest “slip and fall” rings in Pennsylvania have been sentenced to state prison and ordered to refund more than $84,000 that was illegally obtained through bogus insurance...
N.H. Adopts ID Theft Law
Jun 1 2006 // New Hampshire Gov. John Lynch has signed into law legislation giving New Hampshire consumers new tools to protect themselves against identity theft. Senate Bill 334 allows victims of identity theft to ask their credit...
Two Elderly Women Indicted on Fraud Charges in Deaths of LA Hit-Run
Jun 1 2006 // A federal grand jury in Los Angeles indicted two elderly women accused of befriending transient men and then collecting on life insurance policies worth $2.3 million (euro1.79 million) after the men died in hit-and-run...
Eight Arrested in California for Defrauding Insurance Carriers
May 26 2006 // The California Department of Insurance (CDI) Fraud Division conducted an arrest warrant sweep that resulted in the arrests of eight suspects in Tulare, Fresno and San Luis Obispo counties. The suspects in these cases are...
La. Agent Faces Theft, Fraud Charges
May 25 2006 // A Shreveport, La., insurance agent was arrested and issued a cease and desist order and summary suspension of his license for alleged felony theft and misappropriation of insurance premiums, Louisiana Commissioner of...
Identify Theft Protection Measure Clears Okla. House
May 25 2006 // Victims of identity theft would be given prompt notice of the crime and the opportunity to minimize losses under legislation approved recently by the Oklahoma House of Representatives. House Bill 2357, by state Rep. Dale...
N.C. Lawsuits Accuse Calif. Insurance Provider of Fraud
May 24 2006 // Two California-based financial services companies took hundreds of thousands of dollars from senior citizens through deceptive tactics, state Attorney General Roy Cooper said in a lawsuit brought against the companies in...
Marketing Fraud Scheme Results in 560 Arrests; $1B in Losses
May 24 2006 // More than 560 people have been arrested in an international investigation of mass-marketing fraud schemes that have victimized more than 2.8 million people in the United States, the Justice Department said Tuesday. Losses...
Upstate N.Y. Auto Parts Couple Charged in Workers’ Comp Fraud
May 23 2006 // The New York State Insurance Fund has reported the arrest of a husband and wife in connection with an alleged workers’ compensation premium fraud scheme in upstate Jefferson County, New York. Gordon Dobbins, 73, and...
