Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
N.Y. Auto Theft Ring Gets Parked; 37 Individuals Arrested to Date
Dec 16 2005 // New York City Police Commissioner Raymond Kelly, Kings Country District Attorney Charles Hynes and New York State Superintendent of Insurance Howard Mills have reported the takedown of “Operation Brownsville...
Calif. Man Sentenced Following Plea on Pair of Workers’ Comp Fraud Counts
Dec 15 2005 // Ventura County (California) District Attorney Gregory Totten reported that Everardo Ramirez Vega (DOB 11-28-1967) was recently sentenced after his plea on two felony counts of workers’ compensation fraud. The...
17 Arrested in Calif. on Insurance Fraud, Grand Theft
Dec 15 2005 // Calif. Insurance Commissioner John Garamendi has announced the arrests of 17 suspects in connection with an alleged Southern California insurance fraud scheme that netted more than $100,000 through ruse involving a former...
CDI Fraud Division Aids Bust of 23 Individuals in Auto Theft Ring
Dec 15 2005 // The California Department of Insurance (CDI) reported its major role in the bust of a major auto theft ring that could potentially have generated more than $420,000 in insurance fraud. The CDI Fraud Division was reportedly...
Six Arrested in Suspected Calif. Workers’ Comp Fraud Ring
Dec 13 2005 // California Insurance Commissioner John Garamendi has announced the arrest of six suspects following a two-year, multi-agency undercover investigation into an alleged insurance fraud “mill” that reportedly...
Okeechobee, Fla. Building Contractor Apprehended for Workers’ Comp Fraud, Grand Theft
Dec 12 2005 // Okeechobee building contractor Merle Dee Johnson has been bonded out of the Okeechobee County Jail after being arrested by Florida investigators for allegedly committing workers’ compensation fraud and grand theft....
Florida Proposes Strict Insurance Fraud Reporting Requirements
Dec 8 2005 // Strict insurance fraud reporting requirements will soon be initiated by the Florida Division of Insurance Fraud, according to Tom Gallagher, Department of Financial Services CFO. In the wake of multiple hurricanes DFS has...
Proformance Insurance, N.J. State Police Note Auto Fraud Case
Dec 8 2005 // In a joint investigation with the New Jersey State Police, the Proformance Insurance Company, a provider of specialized property/casualty insurance products in New Jersey, revealed that one of its auto policyholders had...
Insurer Told to Pay $8 Million to Missouri Couple Acquitted of Fraud
Dec 7 2005 // State Farm Insurance has been ordered to pay more than $8 million to a tow truck driver and his sister-in-law who were acquitted of insurance fraud after being accused of faking the theft of a vehicle. Jackson County...
Insurance Agent Arraigned on Felony Charges and Grand Theft
Dec 5 2005 // An insurance broker-agent has been arraigned in Los Angeles County Superior Court on two felony counts of financial elder abuse and four felony counts of grand theft following a two-year investigation by the California...
More Teeth for the D&O Fraud Exclusion
Dec 5 2005 // Insureds need to understand the circumstances under which their insurer may invoke the fraud exclusion to deny coverage or leverage a reduction in potential payouts. Imagine that you are a new independent director of a...
Should the D&O Fraud Exclusion Have More Teeth?
Dec 5 2005 // The company’s stock price dropped substantially and shareholder plaintiffs have asserted numerous lawsuits against your company, the former CEO and CFO, and all independent directors–including you. Alleged...
FORMER BARTLESVILLE EMPLOYEE PLEADS GUILTY TO FRAUD
Dec 5 2005 // A former City of Bartlesville employee was ordered to pay almost $4,000 in restitution after pleading guilty to one count of workers’ compensation fraud, according to Attorney General Drew Edmondson. David Wayne...
Calif. Doc Arrested in Scam
Dec 5 2005 // Ventura County, Calif., District Attorney Gregory Totten has announced that investigators from the District Attorney’s Office Bureau of Investigation has arrested Dr. Kent Pollock, 61, of Newbury Park, Calif., on a...
Calif. Couple, Brothers Nabbed for Felony Auto Fraud Scam
Dec 5 2005 // A husband, his wife and another man have been arrested on felony auto insurance fraud charges following a California Department of Insurance Fraud Division investigation into the alleged theft of the couple’s...
Utah Pharmacy Owner Arrested on Suspicion of Fraudulent Billing
Dec 5 2005 // The owner of the Park City Pharmacy at The Clinic in Utah has been arrested on suspicion of fraudulently billing an insurance company for drugs that never were prescribed. Thomas Evan Strebel, 60, was arrested for...
Former Calif. Broker Nabbed on Grand Theft Charges
Dec 5 2005 // A former Beverly Hills, Calif., insurance broker has been arrested and charged with one count of grand theft after an investigation by the California Department of Insurance (CDI) Investigation Division. CDI Investigators...
Executive Life Judge Confirms Some $900M in Total Verdicts, Settlements
Dec 5 2005 // California Insurance Commissioner John Garamendi has praised a Los Angeles Federal judge’s ruling that the Artemis Co., reportedly a main conspirator in the fraudulent purchase of the Executive Life Insurance Co....
More Teeth for the D&O Fraud Exclusion
Dec 4 2005 // A D&O policy may require the insurer to continue advancing defense costs on behalf of “black hat” co-defendants until there is a “final adjudication” of wrongdoing. Insureds need to understand...
Should the D&O Fraud Exclusion Have More Teeth?
Dec 4 2005 // Imagine that you are a new independent director of a public company. Outside auditors uncovered accounting irregularities within one of the company’s primary sales divisions. An internal investigation led to a...
