Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Gristina Joins Great American as Fine Art Specialist in Fidelity/Crime Division
Apr 2 2019 // Cincinnati, Ohio-based Great American Insurance Group has hired Andrew Gristina as divisional director in its Fidelity/Crime Division. A fine art specialist, Gristina will oversee the management and underwriting of the...
Florida Pharmacist Convicted in $100M Pharmacy Fraud Scheme
Apr 2 2019 // A Florida pharmacist was sentenced last month to 120 months in prison followed by three years supervised release for his role in a massive compounding pharmacy fraud scheme, which impacted private insurance companies,...
Attorney Turned Criminal Apologizes to Insurers for Giant Workers’ Comp Fraud
Apr 1 2019 // Sean Enrique O’Keefe said he started out as a “humanistic attorney,” but he became a mercenary and then a criminal who netted $700,000 a year by sending San Diego workers’ compensation claimants to...
Texas Body Shop Owner Pleads Guilty in Insurance Fraud Case
Apr 1 2019 // A Travis County body shop owner was sentenced on March 13 to 10 years of probation after pleading guilty to reporting wrecks that never took place and damaging vehicles to increase insurance payouts, the Texas Department...
Massachusetts Insurance Agency CEO Charged in $270K Insurance Fraud Scheme
Mar 29 2019 // The president and CEO of a Taunton, Mass., insurance agency has been indicted in connection with an alleged embezzlement scheme that left client companies uninsured. David Pietro of Sandwich, Mass., and his company, DGP...
Miami Insurance Agent Arrested for Stealing $620K in Premiums
Mar 29 2019 // A former licensed insurance agency owner was arrested in Florida after allegedly stealing more than $620,000 in insurance premiums, according to a statement from Florida Chief Financial Officer (CFO) Jimmy...
New Jersey Men, Associated Companies Charged in $1.4M Insurance Fraud Scheme
Mar 28 2019 // Four New Jersey men and six of their associated businesses were charged with first-degree conspiracy and money laundering in connection with a bank scheme involving the deposit of nearly $1.4 million in phony or forged...
UK Insurers Pay Record £1 Million ($1.3 Million) Each Day for Vehicle Thefts: ABI
Mar 28 2019 // A surge in vehicle thefts, including keyless car crime, has led to motor insurers paying out a record £1 million (US$1.3 million) every day, according to figures published by the Association of British Insurers (ABI). See...
Pennsylvania Treatment Firm Accused of Exploiting Addicts, Insurers
Mar 27 2019 // The Pennsylvania attorney general’s office charged the co-founder and former executives of an addiction treatment firm and accused them of profiting off addicts by fraudulently billing insurance companies for tens of...
Supreme Court Upholds SEC on Scope of Securities Fraud Liability
Mar 27 2019 // The U.S. Supreme Court reinforced the Securities and Exchange Commission’s powers, upholding sanctions against an investment banker found to have duped investors about a startup company’s financial...
Every Day, More Than 200 Cars with Keys Inside Are Stolen in U.S.: NICB
Mar 27 2019 // U.S. motorists appear to forgetting one of the earliest lessons of car ownership: Don’t leave the keys in the car. The National Insurance Crime Bureau reports that the number of vehicles stolen because drivers left...
Arkansas Insurance Department Warns of Fake Auto Policy Scam
Mar 26 2019 // Arkansas Insurance Commissioner Allen Kerr is warning consumers in his state to be wary of individuals posing as car insurance agents to sell fraudulent policies at car dealerships. In a media release, Kerr said the...
U. of Minnesota Worker Charged with Stealing $134K in Computers from School
Mar 26 2019 // A former University of Minnesota employee who admitted to stealing iPads from Target is also accused of the using school funds to purchase 78 computers over 14 months and sell them for personal profit, according to...
Employers Using Robots to Catch Fraud in Expense Reports
Mar 26 2019 // It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports. Level upon...
New York Man Arrested for Alleged Car Dealership Insurance Fraud Scheme
Mar 22 2019 // A Bronx County, N.Y., man has been arrested and arraigned on a felony complaint for an alleged insurance fraud scheme. Barrington Mayne, who is not an insurance broker, allegedly used his position and contacts at various...
Massachusetts Man Charged in Connection with Workers’ Comp Fraud Scheme
Mar 21 2019 // The owner of a Revere, Mass.-based contracting company has been indicted in connection with a workers’ compensation insurance fraud scheme, according to Massachusetts Attorney General Maura Healey. Anner Valentin...
Texas Body Shop Owner Sentenced in Auto Insurance Fraud Case
Mar 20 2019 // A Travis County body shop owner has been sentenced to 10 years of probation after pleading guilty to reporting wrecks that never took place and damaging vehicles to increase insurance payouts, the Texas Department of...
Florida Insurance Agent Arrested in $16K Commission Fraud Scheme
Mar 20 2019 // A licensed insurance agent out of Orlando, Fla., was arrested this month for allegedly submitting fraudulent insurance applications to multiple carriers, according to a statement from Florida CFO Jimmy Patronis. Sheila De...
Company Denies Responsibility for Vermont Ski Resort Fraud
Mar 19 2019 // The former owner of Vermont’s Jay Peak resort is fighting claims from a court-appointed receiver that it should pay millions in damages as part of a settlement. The Caledonian-Record reports Canadian Saint-Sauveur...
Ex-CEO, 7 Other Execs Blamed for $7.4B Accounting Fraud at S. Africa Retailer Steinhoff
Mar 19 2019 // Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO said told lawmakers on Tuesday. Steinhoff said...
