Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
TDI Investigating Unauthorized San Antonio Agents on Fraud Charges
Feb 22 2005 // The Texas Department of Insurance issued a fraud alert pertaining to two San Antonio insurance agencies, The Insurance Center and The Insurance Connection, operating at the following locations: 539 South General McMullen,...
Tampa Man Sentenced to Two Years in Fraud Scam
Feb 22 2005 // A Tampa man has been sentenced on charges he sold phony bonds, claiming the bonds carried a financial guarantee. The bonds were sold to more than 200 people, primarily in the Tampa Bay area. The Florida Office of Financial...
ChoicePoint Notifies 144,778 of Theft; Nigerian Perpetrator Sentenced to 16 Months
Feb 21 2005 // ChoicePoint has confirmed in a written statement that criminals pretending to be legitimate companies stole credit reports, Social Security Numbers, driver’s license numbers and other personal information of...
TWO GUILTY IN RECIPROCAL OF AMERICA FRAUD:
Feb 21 2005 // Two former top officers of collapsed Reciprocal of America are scheduled for sentencing in June for their roles in what a federal prosecutor called one of Virginia’s biggest insurance fraud cases. Kenneth R....
BILL WOULD TOUGHEN INSURANCE FRAUD PENALTIES
Feb 21 2005 // Strengthening Indiana’s weak insurance-fraud law will raise Indiana’s fraud statute to a par with other states, the Coalition Against Insurance Fraud told key legislators in testimony recently. According to the...
Message to Board: Find Out What’s in Your D&O Policy Before It’s Too Late
Feb 21 2005 // Not knowing the difference between a “severability clause” and a “final adjudication exclusion” could have major consequences for audit committee members and their fellow directors. Board members...
LAPD Cop Nabbed in Workers’ Comp Fraud Case
Feb 21 2005 // A Los Angeles Police Department officer who worked as an armed security guard at Staples Center and Dodger Stadium while collecting disability benefits for on-duty injuries was convicted of workers’ comp fraud, the...
N.C. Agent Fined $220,000, Sentenced to Six Months in Jail for Embezzlement
Feb 18 2005 // North Carolina Insurance Commissioner Jim Long has announced the conclusion of an insurance fraud case against Eugenie H. Johnson of Fayetteville, who was accused of embezzling more than $220,000 from an insurance agency...
Main Street America Group to Serve on Coalition Against Insurance Fraud Board
Feb 18 2005 // The Main Street America Group has been appointed to serve on the board of directors of the Coalition Against Insurance Fraud, a Washington, D.C.-based global alliance of insurers, consumer organizations and state agencies...
22 Insurance-Fraud Ring Members Apprehended; Fla. Warns Others About Tough Penalties
Feb 18 2005 // A campaign to point out the consequences of staging an auto accident or participating in auto insurance fraud has been launched by the Florida Department of Financial Services Division of Insurance Fraud. The...
Insurance Fraud Allegations Against Ga. Mayor Settled
Feb 17 2005 // More than two years of insurance fraud allegations were ended by Dawson, Ga. Mayor Robert Albritten when he pleaded no contest to nine misdemeanor counts. According to The Macon Telegraph, Albritten, a retired insurance...
Insurer Disputes WebMD Crime Coverage
Feb 17 2005 // An insurance company is refusing to cover losses at WebMD, asserting it has no responsibility because senior executives knew about the kickback scheme at the health information and transaction firm. The insurer, Fidelity...
Louisiana Hotline Aims to ‘Stamp Out Fraud’
Feb 17 2005 // State government agencies in Louisiana hope to encourage citizens to report fraud by starting a statewide “Stamp Out Fraud” hot line, the Associated Press reported. The toll free number gives Louisiana...
ChoicePoint: ‘Insurance Industry Databases Were Not Compromised’
Feb 17 2005 // ChoicePoint’s Clue Auto, Clue Property and Current Carrier insurance industry databases were not in any way involved or compromised by the fraud ring that obtained data from other ChoicePoint databases of public...
Mass. Fraud Crackdown Lowers Claims Substantially
Feb 16 2005 // Auto accident claims are down significantly in Lawrence, Mass. and several other Merrimack Valley communities after a 16-month crackdown on auto insurance fraud, according to an industry report. The Insurance Fraud Bureau...
As Motorcycle Theft Rate Accelerates, LoJack Offers Global Motorcycle Recovery System
Feb 16 2005 // Easy riders concerned about how easily their wheels may be lifted have a new partner in the fight against theft. The company that created the global stolen vehicle recovery system for autos and then applied it to...
Calif. Man Indicted on Federal Charges in International Insurance Fraud Scam
Feb 16 2005 // Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins (Brown), 58, was indicted on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the last four...
Chiropractors, Law Administrator Surrender on Insurance Fraud Charges
Feb 16 2005 // A Downey law office administrator, Rebecca M. Perez, of Riverside, and two Downey chiropractors, Dr. Raymond T. Oca, of Cypress, and Dr. Paul J. Lopez, of Huntington Beach, surrendered themselves to the Los Angeles County...
Fraud Bill Passes Ind. House
Feb 16 2005 // The Indiana House passed HR 1403, a fraud bill that would increase jail terms for larger insurance scams, by 95 to one and will move to the Senate for debate. According to the Coalition Against Insurance Fraud,...
Man with Multiple Identities Indicted on Federal Charges in International Scam
Feb 14 2005 // Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins (Brown), 58, was indicted last week on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the...
