Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Three Iowa Women Charged with Insurance Fraud
Jun 28 2022 // Three women were charged with insurance fraud following an investigation by the Iowa Insurance Division’s Fraud Bureau. Danesha Minor, 37, of Des Moines was charged with presenting false information (Class D Felony),...
‘Well-to-Do’ Investment Firm Head Charged in $300,000 South Florida Insurance Fraud
Jun 23 2022 // The head of a small, South Florida investment firm has been charged with insurance fraud after he submitted a $300,000 roof-leak claim to his insurer, American International Group, along with allegedly fake photos of mold...
Michigan Resident Sentenced in Insurance Fraud Prosecution
Jun 23 2022 // The Michigan Department of Insurance and Financial Services announced that a Plainwell resident was sentenced to 12 months of probation and ordered to comply with future court-ordered restitution for submitting roughly...
Musk Appeals Ruling That Upheld Securities Fraud Settlement
Jun 20 2022 // Tesla CEO Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk’s tweets claiming that he had the funding to take Tesla private in 2018. Musk’s lawyer Alex Spiro...
How Crypto Giant Binance Became a Hub for Hackers, Fraudsters and Drug Traffickers
Jun 7 2022 // BRATISLAVA – In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by...
Former California Insurance Broker Arraigned for Stealing Premium Payments
Jun 7 2022 // Formerly licensed insurance broker Robert Minero, 39, of Downey, California, was arraigned this week on five felony counts including insurance fraud and grand theft. The charges were filed after an investigation by the...
Police in Arizona Find 1,200 Catalytic Converters as Thefts Soar
Jun 1 2022 // An Arizona man was facing multiple theft charges last week after detectives found more than 1,200 catalytic converters packed into a storage unit, a case that highlights a national surge in thefts of the pricy auto parts...
Grand Jury Indicts Former Georgia Insurance Commissioner Oxendine on Fraud Charges
May 23 2022 // A former Georgia insurance commissioner has been indicted on federal charges related to an alleged health care scheme. A federal grand jury last Tuesday indicted John Oxendine on charges of conspiracy to commit health care...
Texas Man Sentenced for Hotel Investment Fraud Scheme
May 19 2022 // An Austin, Texas man was sentenced to 70 months in prison and ordered to pay $5,052,366.92 in restitution for his role in a fraud scheme. According to court documents, from 2012 until June 2018, Jason Michael Schubert, 47,...
Architect of Allianz Fraud Made $60 Million as He Lied to Investors, U.S. Says
May 18 2022 // The star portfolio manager at the center of a fraud at the U.S. funds unit of Allianz SE relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $60 million in...
California Business Owners Arraigned for Workers’ Comp Fraud
May 18 2022 // Three California business owners were arraigned for insurance fraud this week after an investigation reportedly showed they illegally conspired to lower workers’ compensation premiums. Troy Williams, 49, of Angels...
Allianz to Pay Over $6B for Structured Alpha Fraud, Former Fund Manager Indicted
May 17 2022 // Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19...
Florida CFO Wants More Insurance Fraud Investigators, Education Campaign
May 16 2022 // Ahead of next week’s special legislative session, Florida’s chief financial officer is asking lawmakers for $6.5 million to fund 23 new investigative positions and to launch a public education campaign, part of...
U.S. Cities Are Backing Off Banning Facial Recognition as Crime Rises
May 12 2022 // Facial recognition is making a comeback in the United States as bans to thwart the technology and curb racial bias in policing come under threat amid a surge in crime and increased lobbying from developers. Virginia in...
Two Sentenced in Compounded Medicine Fraud Scheme
May 5 2022 // An Arkansas man and a Florida man have been sentenced to prison for their roles in giving kickbacks in compounded cream schemes that defrauded a government insurer of millions of dollars. Federal prosecutors said Brad...
Iowa Man Pleads Guilty to Insurance Fraud
May 4 2022 // D’Alan Thurmond, age 41, of Waterloo, Iowa pled guilty on April 25, 2022, to one count of Presenting False Information, a class “D” Felony, following an investigation by the Iowa Insurance...
U.S. SEC Ramps Up Crypto Fraud Oversight by Adding 20 Employees
May 3 2022 // The U.S. Securities and Exchange Commission (SEC) said on Tuesday it will add 20 positions to its enforcement unit for crypto markets in its push to curb fraudulent activities in the hot digital space. The securities...
Hard Drives Stolen During Break-in at Washington Department of Labor Regional Office
May 3 2022 // Hard drives, laptops, cellphones, office equipment, door access key cards, gas cards and other items were stolen during a recent burglary at the Washington State Department of Labor & Industries regional office in...
Colorado Jury Awards Nearly $9M in Fertility Fraud Case
May 2 2022 // A jury has awarded nearly $9 million to three families who accused a Colorado fertility doctor of using his own sperm to inseminate three mothers who requested anonymous donors. The jury found that Dr. Paul B. Jones and...
Florida Man Charged with Fraud After Claiming He Was in Uber Crash
May 2 2022 // A South Florida man has been charged in connection with what appears to be a new twist on auto insurance fraud. State and local authorities said that Victor Van Vickery, 33, of Delray Beach, claimed to be in a Uber ride...
