Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Former Dewey Law Firm Leaders Ask Judge to Dismiss Criminal Case
Jul 15 2014 // Former leaders of the defunct law firm Dewey & LeBoeuf have asked a New York state judge to dismiss criminal charges against them, saying they should not be made “scapegoats” for the firm’s...
Connecticut Attorney Sentenced to More Than 4 Years for Insurance Fraud
Jul 14 2014 // An attorney in Connecticut has been sentenced to more than four years in prison for his role in an insurance fraud scheme. The U.S. Attorney’s office says Joseph Haddad of Orange was sentenced last Thursday in...
Microsoft Says Cybercrime Bust Frees 4.7 Million Infected PC’s
Jul 14 2014 // Microsoft Corp said it has freed at least 4.7 million infected personal computers from control of cyber crooks in its most successful digital crime-busting operation, which interrupted service at an Internet-services firm...
New Orleans’ Mayor During Hurricane Katrina Gets 10-Year Sentence for Fraud
Jul 11 2014 // Former New Orleans Mayor Ray Nagin entered City Hall as a cool and confident self-styled reformer, won fame there as a passionate, if profane, critic of the federal response to Hurricane Katrina and exited under...
Georgia Agent Accused of Home, Crop Insurance Fraud
Jul 11 2014 // An Eastman, Georgia, insurance agent has been charged with insurance fraud and forgery in connection with homeowners and crop insurance policies she sold in the middle Georgia. Officials said warrants have been issued for...
Standridge Pleads Guilty in Arkansas to Premium Finance-Related Fraud
Jul 8 2014 // A Mount Ida, Ark., man has pleaded guilty to money laundering and wire fraud and prosecutors say he’ll serve five years in prison followed by supervised release and must pay back more than $7 million in...
Texas Doctor Gets 5 Years in Prison on Workers’ Comp Fraud Charges
Jul 8 2014 // Texas Mutual Insurance Co. reported that Howard T. Douglas III, M.D. of Frisco was sentenced to five years’ confinement. On May 16, 2014, a Travis County jury convicted Douglas on felony workers’ compensation...
Connecticut Attorney Facing Sentencing for $1.7M Insurance Fraud
Jul 7 2014 // An attorney is facing sentencing in Connecticut for his role in an insurance fraud scheme. Joseph Haddad of Orange, Conn., is scheduled to be sentenced on Thursday, July 10, in federal court in Bridgeport,...
NICB Reports on Most Stolen SUVs/CUVs
Jul 7 2014 // The National Insurance Crime Bureau (NICB) released a report on June 16 that examines thefts of sport utility vehicles (SUVs) and crossover utility vehicles (CUVs) reported stolen in the United States between Jan. 1, 2010...
Insurers Suspect Fraud, Sue Phillips Asbestos Trust
Jul 6 2014 // Six insurance companies are suing an asbestos personal injury trust set up by a U.S. unit of Philips that the insurers suspect has been making millions of dollars in fraudulent payments to parties that cannot prove they...
2 Chiropractors in Connecticut Face Sentencing for Fraud
Jul 1 2014 // Two chiropractors in Connecticut face sentencing for falsifying medical records. Jennifer Lynne of Milford and George DeCarvalho of Stamford are scheduled to be sentenced Tuesday in federal court in Bridgeport. DeCarvalho...
Trial Expected in Ex-Kansas Insurance Agent Theft Case
Jun 30 2014 // The attorney for a former Kansas insurance agent accused of stealing nearly $2 million from policyholders says the case is expected to go to trial. Kari Schmidt said her client, Jason Matthew Pennington, has not reached a...
Memphis Hopes Reward Program Will Curb Copper Thefts
Jun 30 2014 // Officials in Memphis have launched an initiative aimed at decreasing copper thefts in the city. The CopperStoppers program will offer a financial reward if people supply information that leads to an arrest. The program...
AIG Responds to Supreme Court ‘Fraud on the Market’ Ruling with D&O Endorsement
Jun 27 2014 // American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in...
Facebook User Data Sought by New York D.A. in Disability-Fraud Probe
Jun 27 2014 // Facebook Inc. was ordered by a judge last year to turn over account information of 381 users who were investigated by the Manhattan District Attorney in New York for cheating to obtain disability benefits. Facebook, the...
Phantom Collisions Result In Multiple Arrests in California
Jun 26 2014 // Joel Paredes Saldana, 22, owner of Lightning Auto Body in Riverside County, was arrested Wednesday as California Department of Insurance detectives and multiple allied agencies swept up at least 19 co-conspirators...
3 More Arrests, 1 Conviction in Florida PIP Fraud Cases
Jun 26 2014 // Florida Chief Financial Officer Jeff Atwater announced the arrests of three individuals in Fort Lauderdale for their alleged involvement in a staged accident that resulted in fraudulent personal injury protection (PIP)...
Top 10 Metro Areas for Car Thefts
Jun 26 2014 // The National Insurance Crime Bureau’s (NICB) “Hot Spots” report examines vehicle theft data obtained from the National Crime Information Center (NCIC) for each of the nation’s metropolitan...
New York AG Sues Barclays Over Alleged ‘Dark Pool’ Fraud
Jun 26 2014 // The New York State’s attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency trading clients even as it...
Safety Is Paramount for Texas Mutual CEO Gergasko
Jun 25 2014 // Richard Gergasko Richard Gergasko, CEO of workers’ compensation insurer, Texas Mutual Insurance Co., describes himself as an insurance geek. Trained as an actuary, he’s been involved in the insurance business...
