Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Brother, Sister Charged in $124 Million Cryptocurrency Fraud
Mar 10 2022 // U.S. authorities on Tuesday filed criminal charges against a cryptocurrency executive and civil charges against him and his sister, accusing them of defrauding retail investors out of millions of dollars with a digital...
Florida Woman Charged with Comp Fraud After Faking Kidnapping
Mar 9 2022 // A Florida woman who said she was kidnapped, raped and thrown out of a vehicle last year has now been charged with insurance fraud. Alma Delia Duran, 54, of Summerfield, sparked a manhunt in March 2021 around Ocala, in...
Texas Oilfield Company Charged With Workers Safety, Environmental Crimes
Mar 9 2022 // A federal grand jury in Midland, Texas, returned an indictment charging an oilfield company and an executive of the company with worker safety and environmental crimes. According to court documents, Aghorn Operating Inc....
North Dakota Farmer Pleads Not Guilty to Insurance Fraud
Mar 8 2022 // A central North Dakota farmer has pleaded not guilty to crop insurance fraud. Kent Pfaff, 58, of the Washburn area, has been released on a personal recognizance bond. U.S. District Judge Daniel Hovland on March 3 scheduled...
‘No Contest’ Plea Doesn’t Trigger Criminal Exclusion in Home Policy: Connecticut Court
Mar 7 2022 // An insured’s plea of nolo contendere to criminal charges does not trigger a criminal acts exclusion in a homeowners insurance policy governed by state law, the Connecticut Supreme Court recently ruled. A federal...
California Couple Sentenced in $1M Workers’ Comp Fraud Case
Mar 7 2022 // Carmen Hall Soruco, 70, and her husband Antonio Soruco, 75, both of Novato, California, were sentenced after pleading guilty to workers’ compensation fraud charges. Hall was sentenced on multiple felony counts to two...
U.S. Attorney General: Prosecuting Individuals Is Top Priority in Policing Corporate Crime
Mar 4 2022 // The U.S. Justice Department’s top priority in rooting out corporate malfeasance is to hold individuals accountable, Attorney General Merrick Garland said March 3 as he detailed a shift in focus and resources at the...
Cartier Lawsuit Accuses Tiffany of Stealing Luxury Jewelry Trade Secrets
Mar 2 2022 // Cartier sued Tiffany & Co on Monday, accusing its luxury rival of stealing trade secrets concerning its high-end jewelry from an employee it lured away in December, in a sign competition in the fast-growing jewelry...
Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard
Mar 2 2022 // Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its 2022 Cyber...
Former Florida Lawmaker Plans to Challenge CFO Patronis, with Insurance as Key Issue
Mar 2 2022 // A former state representative has announced plans to challenge Florida CFO Jimmy Patronis in this fall’s election, and he’s making Florida’s property insurance crisis a central issue. Adam Hattersley, a...
Arkansas Medical Supply Owner, CEO Indicted For Allegedly Conspiring to Defraud Workers’ Comp Insurers
Mar 2 2022 // Both the former owner of a Rogers, Arkansas-based medical supply and billing company and its former chief executive officer have been indicted by a federal grand jury for their roles in three separate conspiracies to...
Nigeria Accuses JPMorgan of Ignoring Red Flags for Fraud, Seeks Damages of $1.7B
Feb 24 2022 // Nigeria alleged JPMorgan Chase & Co. ignored “overwhelming” evidence of fraud and stark warnings from its own compliance staff as it kicked off a London trial over transfers to a former oil minister accused...
Florida House Committee Gives Nod to Surplus, Citizens, Fraud Bills
Feb 24 2022 // The Florida House of Representatives’ Commerce Committee passed no fewer than five bills Wednesday that could affect property and casualty insurance, from allowing surplus lines carriers to be based in Florida, to...
ED&F Man Wins Claim Against Singapore Commodities Trader in $283M Metals Fraud
Feb 18 2022 // A British high court judge ruled on Wednesday in favor of broker ED&F Man in a claim against Singapore commodities trader Straits and four other defendants about fraudulent warehouse receipts for nickel stored in...
California Couple Sentenced in $1M Workers’ Comp Fraud Case
Feb 16 2022 // Carmen Hall Soruco, 70, and her husband Antonio Soruco, 75, both of Novato, California, were sentenced after pleading guilty to workers’ compensation fraud charges. Hall was sentenced on multiple felony counts to two...
Trustees OK $9M Settlement in Nevada Bus Driver Sex Crimes Case
Feb 15 2022 // School trustees in Las Vegas have approved a $9 million settlement in a case involving a former school bus driver who was sent to prison in 2018 for sexually assaulting special education preschoolers. The Clark County...
Criminals Gained Access to Info on 650K Through Washington Database
Feb 14 2022 // Investigators believe hackers stole at least some of the Social Security numbers and other sensitive personal data of 650,000 current and former Washington state professionals and business owners during a breach of a state...
Georgia Theft Ring Taking Entire Moving Vans and Their Belongings
Feb 14 2022 // Georgia authorities are investigating what may be an Atlanta-based theft ring that has stolen more than two dozen moving trucks, swiping families’ entire belongings in the process. Some of the victims were en route...
7 More Charged in Louisiana Staged Automobile Collision Scheme
Feb 14 2022 // Seven more people have been charged in New Orleans for their participation in a scheme to stage collisions with commercial trucks, bringing the total number of defendants charged in the federal probe up to 47. United...
Texas Judge Drops Two of Six Boeing Max Test Fraud Counts Against Pilot
Feb 14 2022 // A judge has tossed two of six fraud counts against a former Boeing pilot involved in evaluating the troubled Boeing 737 Max jetliner. A federal judge in Fort Worth last week dismissed, on technical grounds, counts that...
