Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
FBI, International Law Enforcement Disrupt Business Cyber Fraud Schemes
Jun 12 2018 // Federal law enforcement officials announced a significant coordinated effort to disrupt Business Email Compromise (BEC) schemes used to intercept and hijack wire transfers from businesses and individuals, including senior...
New York Surgeon Sentenced for Nearly $87K Workers’ Comp Fraud Scheme
Jun 8 2018 // A central New York orthopedic surgeon has been sentenced for running an ongoing scheme that defrauded the workers’ compensation system by nearly $87,000. Dr. Gregory B. Shankman, of Clinton, N.Y., was sentenced in...
Alabama Farmer Accused of Stealing $919K in Crop Insurance Money
Jun 6 2018 // An Alabama farmer has been charged with stealing crop insurance money and federal prosecutors want him to repay more than $919,000. The Dothan Eagle reports Dexter Day Gilbert was charged Thursday in U.S. District Court...
Florida Man Gets 20 Years, Ordered to Pay $1.9M in Restitution for Arson Scheme
Jun 5 2018 // A Florida man has been sentenced to 20 years in prison for his role in an arson insurance fraud scheme that spanned multiple Florida counties and was ordered to pay $1.9 million towards restitution to the more than 14...
Man Who Faked Relation to Grenfell Fire Victim Sentenced for Fraud
Jun 4 2018 // A fraudster who masqueraded as the son of a victim of the Grenfell Tower fire has been sentenced to 18 months in prison. Mohammad Gamoota, 31, claimed his father died in the London blaze so he could be entitled to some...
North Carolina Steps Up Workers’ Comp Fraud Investigations, Fines for No Coverage
Jun 4 2018 // North Carolina has stepped up its efforts to identify businesses not complying with state workers’ compensation laws which it says has resulted in a significant increase in fines collected compared to the same time...
Georgia Business Owner Arrested for Insurance Fraud
Jun 4 2018 // A business owner in Gwinnett County, Ga., has been arrested and charged with one count of insurance fraud after presenting a fraudulent certificate of insurance coverage, according to a statement from Georgia Insurance...
Vietnam Court Upholds Key Financial Fraud Judgment
Jun 3 2018 // A court has upheld a key judgment in Vietnam’s biggest-ever fraud case, spotlighting the country’s ability to tackle financial crime at a time when foreign banks are heeding government calls to invest. The Ho...
Former Iowa Insurance Agent Sentenced in Fraud Case
Jun 1 2018 // Nicholas Menough, a former insurance agent in Grimes, Iowa, has been sentenced after pleading guilty to fraud and theft charges. The Iowa Insurance Division reported that Menough pled guilty in late May to Theft in the 3rd...
California Family Arson Ring Arraigned in $4M Insurance Fraud Case
Jun 1 2018 // A California family was arraigned on Thursday on more than 30 counts of fraud and arson. Tyler Chen, 46, and his wife, Kim, 45, were arraigned in the Santa Clara County Superior Court following their arrest on multiple...
What the Florida Industry Needs to Know for the 2018 Hurricane Season
Jun 1 2018 // The 2018 hurricane season is officially underway, even as the dust continues to settle on the 2017 hurricane season — one of the costliest hurricane years on record — that brought devastation to Florida from Hurricane...
Ex-Chairman of China’s Anbang Insurance Files Rare Appeal of Fraud Conviction
May 31 2018 // The former chairman of China’s Anbang Insurance Group Co., Wu Xiaohui, has lodged an appeal against his conviction for fraud and embezzlement that led to a sentence of 18 years in prison, his lawyers said. While not...
Rampant Brazil Cargo Theft Disrupts Retail, Drives Up Insurance Rates
May 31 2018 // In a bunker-like room in a gritty suburb of Sao Paulo, retired police colonel Antonio Marin and a dozen employees track the location of hundreds of cargo trucks on a bank of monitors. During his 34 years in Sao Paulo...
Florida Activates Anti-Fraud Teams in Wake of Tropical Storm Alberto
May 30 2018 // The Florida Department of Financial Services’ Disaster Fraud Action Strike Team (DFSAT) have been deployed across the state to protect Floridians from post-storm fraud that could occur in the aftermath of Tropical...
Army Officer in Alaska Charged with Making Fraudulent Claims
May 29 2018 // A 40-year-old Army officer assigned to Alaska has been charged with making false insurance claims and pocketing nearly $400,000. Lt. Col. Christopher James DeMure is charged with mail fraud, wire fraud and money...
Southern California Agents Arrested for Fraud
May 25 2018 // California-based life insurance agents, Samuel Tadlock III, 32, of Eastvale, Marlene Ramirez, 42, of Murrieta, Daniel Herrarte, 34, of Sylmar, and Jorge Lopez Jr., 38, of San Fernando, were arrested this week on multiple...
Ex-CFO in New Jersey Gets Prison Term for Stealing More Than $1M
May 25 2018 // The former chief financial officer of a New Jersey orthopedic care provider is headed to prison for stealing more than $1 million from the company for his personal use. Harry Wolfmuller received a two-year sentence...
California Workers’ Comp Division Suspends 3 Medical Providers for Fraud
May 24 2018 // The California Division of Workers’ Compensation has suspended three more medical providers from participating in the state’s workers’ comp system, bringing the total number of providers suspended to...
Georgia Business Owner Arrested for Insurance Fraud
May 24 2018 // A business owner in Gwinnett County, Ga., has been arrested and charged with one count of insurance fraud after presenting a fraudulent certificate of insurance coverage, according to a statement from Georgia Insurance...
Report Says Record Number of Data Breach Notices Filed in New York in 2017
May 23 2018 // The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach...
