Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Construction Company Indicted for Wage Theft, Insurance Fraud in New York
Jul 26 2018 // CRV Precast Construction LLC (CRV) and six of its employees have been indicted for misclassifying workers as lesser-skilled, underpaying them and falsifying information about payroll and employees, including a worker who...
The Maryland Insurance Administration Continues Efforts to Stop Insurance Fraud
Jul 25 2018 // In the first half of 2018, Maryland Insurance Administration (MIA) investigations led to the criminal prosecution of 12 people for committing insurance fraud and the issuance of 25 civil fraud orders. These enforcement...
Chicago Insurance Exec Accused of $13.5M Fraud
Jul 24 2018 // A Chicago-based vice president of an insurance underwriting group fraudulently obtained more than $13.5 million from a corporate client by fraudulently issuing and collecting premium payments on “matching...
Louisiana State Police Arrest 5 in Staged Crash Case
Jul 24 2018 // Louisiana State Police detectives with the Insurance Fraud/Auto Theft Unit have arrested five people for violations of Louisiana insurance fraud laws in relation to an alleged staged crash in Evangeline Parish. The LSP...
3 Arrested in Georgia for Slip-And-Fall Fraud Scheme, 4th Suspect Sought
Jul 24 2018 // Three men were arrested last week for their participation in a staged accident ring operating in South Georgia, according to a statement from the Georgia Department of Insurance. Insurance Commissioner Ralph Hudgens said...
Insurance Salesman Sentenced for Stealing Man’s Inheritance in New Jersey
Jul 20 2018 // An insurance salesman convicted of stealing a client’s inheritance is now headed to prison. Federal prosecutors say Patrick McCullagh received a three-year sentence Wednesday. The 70-year-old Georgetown, Kentucky,...
Court Finds Travelers Crime Policy Covers Money Transfer Loss Due to Email Spoofing
Jul 17 2018 // For the second time in about a week, a federal appeals court has sided with a commercial policyholder where the insurer denied coverage under a computer fraud provision of a crime insurance policy for a money transfer...
Trump Administration Forms Financial Frauds Task Force
Jul 16 2018 // In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the greatest threats to the public is just emerging: red-hot markets for crypto coins. The inclusion of virtual...
Reward Upped to $20K for Artifacts Stolen in 1980 from University of Alabama
Jul 16 2018 // The reward for information leading to the recovery of more than 260 artifacts stolen from the University of Alabama’s Moundville Archaeological Park decades ago has been increased from $15,000 to $20,000. Dr. Jim...
Florida Man Gets 5 Years’ Probation for Workers’ Comp Fraud
Jul 16 2018 // A Trinity, Fla., man has been sentenced to five years’ probation, with the first six months to be served on home detention, for making a false statement connected to his workers’ compensation benefits,...
Texas Attorney Sentenced for Insurance Fraud Involving Hail Claims
Jul 16 2018 // A former Texas attorney is headed to prison on charges of insurance fraud and barratry for a scheme involving fraudulent lawsuits filed after hail storms, the Texas Department of Insurance announced. A Tarrant County judge...
Former Hawaii Police Officer Pleads Guilty to Insurance Fraud
Jul 16 2018 // A former Honolulu, Hawaii, police officer suspected of staging a home burglary pleaded guilty to two charges of insurance fraud related to the incident. Travis E. Copeland faces up to five years in prison for each count....
Texas Mutual Announces 2 Workers’ Comp Fraud Convictions
Jul 13 2018 // Texas Mutual Insurance Co. recently announced that Marcos Ricoy of Harlingen, Texas and Enrique Colon of Deer Park, Texas, pleaded no contest to a felony charge of engaging in organized criminal activity involving...
Man Charged with Assuming Identity of N.J. Doctor in $1M Insurance Fraud Scheme
Jul 13 2018 // A Florida man has been charged with assuming the identity of a New Jersey doctor to submit more than $1 million in fraudulent medical claims for services allegedly rendered at a Morris County medical center that, in...
Massachusetts Woman Pleads Guilty to Stealing about $2.7M from Employer
Jul 12 2018 // A Massachusetts woman has pleaded guilty to stealing about $2.7 million from her former employer. Federal prosecutors say 57-year-old Debra Mulloy, of Milford, pleaded guilty on Tuesday to aggravated identity theft and...
Top 10 Metro Areas for Car Theft
Jul 12 2018 // The Albuquerque, New Mexico metropolitan statistical area (MSA) repeats as having the highest per capita auto theft rate in 2017, according to the National Insurance Crime Bureau’s (NICB) latest Hot Spots report. New...
How One Hedge Fund Has Pursued $360M Financial Fraud Claim Against Big Bank
Jul 12 2018 // When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. But only one of them, Dallas-based hedge fund...
Impact of Court Ruling Chubb Unit’s Crime Policy Covers ‘Spoofed’ Wire Transfer
Jul 9 2018 // In a closely-watched case on insurance coverage in an age of expanding cyber risk, a federal appeals court in New York has upheld a lower court ruling that a commercial crime insurance policy covers wire transfer losses...
Reward Upped to $20K for Artifacts Stolen in 1980 from University of Alabama
Jul 9 2018 // The reward for information leading to the recovery of more 260 artifacts stolen from the University of Alabama’s Moundville Archaeological Park decades ago has been increased from $15,000 to $20,000. Dr. Jim Knight,...
20 Accused of Stealing Heavy Equipment Worth $765K in Texas
Jul 5 2018 // Investigators in San Marcos, Texas, say 20 people have been indicted for allegedly being part of a Texas crime ring that stole heavy equipment and sold the expensive items for cash or drugs. San Marcos police on July 3...
