Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Employees May Not Be Working Inside Office Buildings, But Cyber Criminals Are
Sep 29 2021 // Powered by InsuranceJournal.tv The normal bustle inside of many office buildings has come to a halt during the pandemic switch to remote work, but these empty buildings could be inviting a different kind of activity: cyber...
Annual Financial Crime Compliance Costs Rise to $49.9B for Financial Institutions
Sep 28 2021 // Financial crime compliance costs for the U.S. and Canada are at nearly $50 billion in 2021, a rise of almost 20% from the year before, according to a new LexisNexis study. Labor costs, more regulations and evolving crime...
Connecticut Woman Charged with Workers’ Compensation Fraud, Larceny
Sep 27 2021 // A Wallingford, Connecticut, woman was arrested and charged with illegally collecting workers’ compensation benefits while being employed as a teacher for the City of Bristol Board of Education. Ann Marie Barros was...
Takeaways from Our Conversation on Crime at Cannabis Operations
Sep 27 2021 // Powered by InsuranceJournal.tv One big national insurance cannabis firm sifted through some of its claims data to tell us that many thefts at cannabis operations are occurring overnight, but more interestingly, based on...
Former New York Insurance Broker Sentenced to Prison for $1M Fraud Scheme
Sep 24 2021 // A former insurance broker is going to prison for defrauding insurance companies and individual investors out of more than $1 million. U.S. Attorney James P. Kennedy, Jr. announced that Brian Bartz of Rochester, New York,...
Ex-Official Sent to Prison for Stealing $2M From Illinois City
Sep 23 2021 // A man who stole $2 million from Kankakee, Illinois, and a regional wastewater agency was sentenced to nine months in federal prison and two years of home confinement. Richard Simms, 74, acknowledged diverting money through...
Maryland Couple Indicted in $20M Insurance Fraud Scheme
Sep 22 2021 // A federal district court in Baltimore, Maryland, unsealed an indictment charging a Maryland couple with conspiracy to commit insurance fraud and related charges for money laundering, filing false tax returns and identity...
North Carolina Mother, Son Charged With Insurance Fraud
Sep 22 2021 // Officials with a North Carolina agency have accused a mother and son of falsely telling an insurance company that her car and truck had been struck multiple times by deer and other animals. A news release from state...
Idaho Man Pleads Guilty to Insurance Fraud
Sep 21 2021 // Christopher Katsikaris of Nampa, Idao, was sentenced to two years of supervised probation and a $500 fine after being convicted of one count of insurance fraud. Katsikaris plead guilty to the offense on June 21 after it...
California Contractors Charged in $5M Workers’ Comp Fraud Scheme
Sep 20 2021 // The Alameda County District Attorney’s Office along with the California Department of Insurance on Monday announced charges against multiple suspects in an organized insurance and workers’ compensation fraud...
South Carolina Lawyer Who Arranged Own Death Turns Himself in on Insurance Fraud
Sep 17 2021 // A prominent South Carolina lawyer who found the bodies of his wife and son three months ago plans to turn himself in to face charges in a plot to arrange his own death that ended with the shooter only grazing him in the...
Ex-Owner of Virginia Assisted Living Facility Pleads Guilty to Fraud
Sep 17 2021 // The former owner of a Richmond, Virginia, assisted living facility pleaded guilty to health care fraud after spending more than $800,000 meant for residents’ care on travel, gambling expenses and personal debts,...
Connecticut Woman Arrested for Workers’ Comp Benefits Fraud
Sep 16 2021 // A Newtown, Connecticut, woman was arrested and charged with illegally collecting workers’ compensation benefits while being employed as a supervisor of Pupil Personnel Services for the Town of New Fairfield Board of...
More Felony Charges for California Insurance Agents in $10M Fraud Scheme
Sep 14 2021 // Additional felony charges have been filed against Robert Andrew Lotter, 64, of Newport Beach, Calif., and Charles Albert Major, 72, of Irvine, who were arrested in November after allegedly defrauding their clients with...
California Business Owner Arraigned in $2.5M Workers’ Comp Fraud Scheme
Sep 13 2021 // Zachary Navo, 38, of Visalia, Calif., was arraigned yesterday on five felony counts of insurance fraud after a California Department of Insurance investigation revealed he allegedly underreported wages by over $2.5 million...
Delaware Trooper Suspended Amid Investigation of Thefts
Sep 9 2021 // A Delaware state trooper has been suspended with pay amid a federal investigation into a series of thefts from a package reshipping company in New Castle. According to an FBI affidavit unsealed late last week, Jamal J....
SEC Sues Founder of Closed BitConnect Exchange Alleging $2B Fraud Scheme
Sep 2 2021 // The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from retail investors. Expanding...
Vermont Man Charged with Stealing Five Teslas, Including One That Burned
Sep 2 2021 // A Vermont man has been indicted on federal charges that he stole five Tesla vehicles, including one that burned on the ice of Lake Champlain, prosecutors say. Michael A. Gonzalez, 32, of Colchester, appeared in court...
Arizona Print Shop Explosion Accidental, Not Criminal: Feds
Sep 2 2021 // An accidental gas leak led to last week’s explosion at a Chandler strip mall print shop that left four men with serious burns, federal authorities said. Gabriel Pinon, a special agent with the Bureau of Alcohol,...
California Healthcare Provider Agrees to $90M Fraud Settlement
Sep 1 2021 // A major California-based medical provider has agreed to pay a total of $90 million to settle allegations of Medicare fraud, officials said Monday. Sacramento-based Sutter Health, northern California’s largest...
