Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Accounting Fraud Pushes UK’s Patisserie Valerie into Insolvency
Jan 23 2019 // U.K. entrepreneur Luke Johnson’s efforts to save Patisserie Valerie failed as an accounting scandal pushed the bakery chain’s parent into insolvency, threatening as many as 2,800 jobs on Britain’s...
Commodities Broker Files $284M Suit Alleging Metals Fraud – in Echo of Natixis/Marex Case
Jan 23 2019 // Broker ED&F Man has filed a $284 million lawsuit against two Hong Kong companies, alleging that they knowingly provided fraudulent warehouse receipts for nickel stored in Asia, court documents show. The two Hong Kong...
$1.4M Batman Comic Collection Stolen from Florida Storage Unit
Jan 22 2019 // A Florida man is reaching out to the comic-collecting community, hoping to reclaim nearly 450 valuable comic books that were recently stolen. The Sun Sentinel reports that Randy Lawrence posted on social media last week...
Marex Spectron’s Metals Financing Deal Triggers Fraud Lawsuit, Insurance Dispute
Jan 18 2019 // Commodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalized a metals financing deal with French bank Natixis that triggered a $32 million lawsuit by the lender, court...
Unlicensed Adjuster Arrested for Stealing $14K from Homeowners After Irma
Jan 18 2019 // An unlicensed insurance adjuster has been arrested over unlicensed public adjusting activities and the filing of false and fraudulent liens on individuals’ homes following Hurricane Irma, according to a statement...
North Carolina Businesses Without Workers’ Comp Coverage Fined $3.2M
Jan 17 2019 // The North Carolina Industrial Commission’s Compliance and Fraud Investigative Division collected more than $3.2 million in penalties and issued 289 criminal charges at the end of the first two quarters of Fiscal Year...
Criminalizing 1st-Time DUIs in Wisconsin Is a Tough Sell
Jan 16 2019 // With a new Democratic ally in the governor’s office, a handful of Republican lawmakers are pushing for Wisconsin to join the rest of the country and criminalize first-offense drunken driving. On paper it might look...
U.S. Charges Traders, Ukrainian Hackers with Stealing SEC Filings on Corporations
Jan 16 2019 // U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with scheming to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission...
Alabama Chiropractor Gets 3 Years in Trucker Health Exam Fraud Case
Jan 15 2019 // An Alabama-based chiropractor, who was accused in a scheme to conduct fraudulent physical examinations on prospective long-haul truckers and submit false documents to federal transportation regulators, has been sentenced...
Landy Agency Offers Crime Program for Small-Medium Firms
Jan 9 2019 // The Landy Agency of Needham, Mass., has launched a new crime program with Great American Insurance Group that offers low minimum premiums and a focus on small to medium‐sized businesses. Coverage is admitted in all...
Colorado Man Sentenced for $16M Securities Fraud over Insurance Marketing Organizations
Jan 9 2019 // A Colorado man has been sentenced to 76 years in prison for securities fraud over soliciting investments for insurance marketing organizations. The Denver Post reported 59-year-old Kelly James Schnorenberg was sentenced...
Former New Jersey Police Officer Sentenced to Prison for Sandy Fraud
Jan 9 2019 // A former police officer has been sentenced to prison for his role in stealing $187,000 in federal Superstorm Sandy relief funds to repair a vacation home on the New Jersey shore. The Asbury Park Press reports 45-year-old...
Supreme Court Won’t Hear Bid to Reinstate Trinity Guardrail Fraud Judgment
Jan 8 2019 // The U.S. Supreme Court on Monday turned away a whistleblower’s bid to revive a $663.4 million judgment against Trinity Industries Inc. in a lawsuit accusing the company of failing to tell a federal agency about...
Southeast Officials Focus on Curbing Fraud, Rising Auto Rates, Flood Insurance, and Distracted Driving
Jan 7 2019 // For the seventh year in a row, the Florida insurance industry, regulators, and consumer advocates will push for reforms to the state’s assignment of benefits issue that has now become an insurance crisis, according...
Midwest Legislative Priorities Include No-Fault Auto, Distracted Driving, Contractor Fraud, Tort Reform
Jan 7 2019 // With some of the highest auto insurance rates in the nation, Michigan’s no-fault insurance laws — much maligned by the insurance industry and business interests — are sure to be a target for legislative...
States Surprised with Burst of Insurance Fraud-Related Legislation in 2018
Jan 7 2019 // Lawmakers Debated More Than 100 Fraud-Related Bills and Passed 33 into Law The introduction of new bills slows down during years when legislators tend to be more concerned with reelection. That’s why 2018 was such a...
7 Face Insurance Fraud Charges in Louisiana ‘Staged Crash’ Scheme
Jan 4 2019 // Troopers assigned to the Louisiana State Police Bureau of Investigations New Orleans Field Office Insurance Fraud/Auto Theft Unit have arrested the last suspect in an insurance fraud scheme. A total of seven suspects have...
Marriott Says Fewer Records Stolen in Starwood Hack Than First Thought
Jan 4 2019 // Marriott International Inc. said on Friday that fewer than 383 million customer records were stolen in a massive cyber attack disclosed last month, down from its initial estimate that up to 500 million guests were...
Florida Roofer Arrested for Stealing Nearly $50K from Homeowners, Insurance Fraud
Jan 3 2019 // A Florida roofing company owner was arrested last month after allegedly attempting to defraud multiple homeowners out of more than $49,000 and working without workers’ compensation insurance, according to a statement...
4 Arrested in Theft of $500K in Tequila from Truck Stop in Florida
Jan 2 2019 // Sheriff’s deputies in Florida have recovered a half-million dollar truckload of stolen tequila. Hillsborough Sheriff’s spokesman Danny Alvarez said in a statement that a truck driver hauling the load of tequila...
