Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
New York AG ‘Puts Up,’ Sues Exxon Over Climate Change Disclosures
Oct 25 2018 // Lawyers for Exxon Mobil Corp. stood before a New York judge in August and told the state’s attorney general to “put up or shut up” after spending three years investigating the company’s public...
Regulators, Industry Seek to Keep Florida AOB Abuse In Check After Michael
Oct 18 2018 // Haley Nelson inspects damages to her family properties in the Panama City, Fla., spring field area after Hurricane Michael made landfall in Florida’s Panhandle on Wednesday, Oct. 10, 2018. (Pedro Portal/Miami Herald...
WCIRB Studied Impact of Medical Fraud Enforcement in California
Oct 17 2018 // The Workers’ Compensation Insurance Rating Bureau of California has released a study that shows the impact of medical provider fraud on the system, and it finds that efforts by the state as well as local district...
Texas Pilot Who Crashed Plane for Insurance Sentenced to Prison for Fraud Scheme
Oct 17 2018 // A 33-year-old pilot, formerly of Kemah, Texas, was sentenced in early October to more than five years in prison and ordered to repay nearly $1 million in an insurance fraud-related case. Theodore Robert Wright III...
New York Contractor Pleads Guilty to $800K Business Fraud Scheme
Oct 15 2018 // State officials say an Albany-area contractor has pleaded guilty to scamming hundreds of thousands of dollars out of minority-owned businesses and failing to pay dozens of his employees. Attorney General Barbara Underwood...
St. Louis Chiropractor Sentenced for Police Bribery Scheme, Insurance Fraud
Oct 12 2018 // A St. Louis chiropractor has been sentenced to 30 months in prison and fined $350,000 for a scheme that involved bribing police officers to get information used to solicit clients. Mitchell Davis was sentenced in U.S....
Minnesota Chiropractors Going to Prison for Insurance Fraud Schemes
Oct 12 2018 // Two Minnesota chiropractors have been sentenced to prison for their roles in separate multi-million-dollar insurance fraud conspiracies, the Minnesota Commerce Department announced. Adam John Burke, age 34, of Minneapolis,...
Patisserie Holdings’ CFO Arrested as UK Fraud Office Probes Accounting Scandal
Oct 12 2018 // Patisserie Holdings Plc finance chief Chris Marsh was arrested as U.K. fraud prosecutors opened a probe into an accounting scandal that threatens to shutter the cake baker’s 200-plus stores. The police in...
Cryptocurrency Theft Soars to $927 Million During 1st Nine Months of 2018: Report
Oct 12 2018 // Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from...
Woes of California Wildfire Victims Include Cleanup Crews, Fraud
Oct 11 2018 // One year after a devastating series of wildfires ripped through Northern California wine country, destroying thousands of homes, the U.S. Army Corps of Engineers’ first experience cleaning up after a wildfire has...
Stolen Apple IDs Used by Hackers to Steal Cash, Warn Chinese Digital Payments Firms
Oct 11 2018 // Ant Financial’s Alipay and Tencent Holdings Ltd. warned that cyber attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach...
Florida Activates Disaster Fraud Teams Ahead of Hurricane Michael
Oct 8 2018 // The Florida Department of Financial Services Disaster Fraud Action Strike Team (DFAST) has been activated ahead of what is expected to become Hurricane Michael and will be deployed in the affected areas to protect...
Florida Disaster Fraud Team Makes Arrest Over $30K in Fraudulent Irma Claims
Oct 5 2018 // A Palmetto Bay, Fla., man was arrested last month for allegedly defrauding Citizens Property Insurance Corp. of more than $30,000 relating to Hurricane Irma, according to a statement from Florida Chief Financial...
Florida Woman Arrested Over $50K Workers’ Comp Fraud Scheme
Oct 4 2018 // A Florida woman was arrested in August and charged with three felony counts of concealing payroll to avoid workers’ compensation premiums and two felony counts of application fraud, according to a statement from the...
Doctor’s Alleged Fraud Scheme Throws Medical Claims Review Process into Doubt
Oct 2 2018 // For years, Spyros Panos seemed like a successful orthopedic surgeon, seeing dozens of patients a day and bringing in millions of dollars in fees for his suburban New York medical group. In fact, he was inflating charges...
$20K Worth of Tools Stolen from Rhode Island Habitat for Humanity Home
Oct 1 2018 // About $20,000 worth of tools has been stolen from a Habitat for Humanity home under construction in Rhode Island. The organization’s fundraising director says locks were broken on a construction trailer at the site...
20 People Arrested in Florida in ‘Operation Hot Water’ Workers’ Comp Fraud Sting
Oct 1 2018 // Twenty individuals were arrested in Florida in a workers’ compensation insurance fraud sting operation involving unlicensed contractors in Pasco County in “Operation Hot Water,” according to a statement...
7 Red Flags to Spot Fraudulent Business Interruption Claims
Oct 1 2018 // Insurance is the safety net that protects individuals and companies in case of damage, theft, injury, illness or loss. Fire, floods, earthquakes, tornadoes and freak accidents can quickly decimate a thriving business. When...
Michigan Department of Insurance Gets New Fraud-Fighting Unit
Oct 1 2018 // The Michigan Department of Insurance and Financial Services (DIFS) will have more resources to fight insurance and financial services fraud after Gov. Scott Walker issued an executive order creating a new anti-fraud unit...
Court Rules Cryptocurrencies Fall Under Commodities Regulator
Sep 27 2018 // A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My...
