Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Rhode Island Sees Rash of Scrap Metal Thefts
Aug 16 2012 // First thieves swiped manhole covers from a new subdivision. Then officials discovered that bronze plaques honoring work done during the Great Depression had been pried from sidewalks at Providence’s largest park....
Thieves Stealing 3rd Row Seats From Dallas SUVs
Aug 16 2012 // Police in a wealthy Texas enclave are reporting a rash of SUV break-ins in which thieves are stealing third-row seats. University Park police urge SUV owners to park in their garages and lock the seats down with...
N.Y. Businessman Charged With $10M Insurance Fraud Scheme
Aug 14 2012 // A businessman who owned fleets of commercial vehicles in New York is accused of defrauding insurers of at least $10 million. The defendant, Scott Sanders, is charged with submitting fraudulent insurance applications to get...
Former Conn. Doc Sentenced for Illegal Prescriptions, Insurance Fraud
Aug 10 2012 // A former Plainville, Conn., doctor has been sentenced to four months in prison for dealing prescription drugs. Prosecutors say Richard Luzietti was charged after an investigation into about 100 prescriptions that he wrote...
Son of N.Y. Man Who Vanished at Beach Is Charged With Insurance Fraud
Aug 8 2012 // A man who reported his father missing at a New York beach was charged Monday with insurance fraud and filing a false report several days after his father turned up alive in South Carolina, following a massive air and water...
Montana Agent Pleads Guilty to Stealing Premiums
Aug 6 2012 // An insurance agent from Butte, Mont., who pleaded guilty to stealing more than $7,200 of his client’s premiums has been given a three-year deferred sentence and ordered to pay restitution. State Insurance...
Copper Theft on Rise in Alabama
Aug 6 2012 // Copper thefts are becoming a growing problem for Alabama farmers. Southeast Alabama farmer Trey Martin said someone stole the copper wiring from his irrigation system. The copper wire was worth $50, but the damages to the...
A Decade Later: Is Sarbanes-Oxley Working?
Aug 6 2012 // When Peregrine Financial collapsed in July, a nagging question resurfaced. As in the implosion of Lehman Brothers, the fall of Bernard Madoff and other cases in recent years, many asked: Where were the accountants? That...
R.I. Woman Gets 10-Year Prison Sentence for Insurance Fraud
Aug 3 2012 // Prosecutors say a Warwick, R.I., woman has been sentenced to 10 years and a day in federal prison for setting her house on fire to commit mail fraud. The Providence Journal reports that U.S. Attorney Peter Neronha says...
Florida Tops the List of States With Most Watercraft Thefts: NICB
Aug 3 2012 // The National Insurance Crime Bureau (NICB) published this week its latest report on watercraft theft and recoveries in the United States. According to the report, Florida led the nation with the highest number of thefts in...
North Carolina Agent Arrested, Charged With Insurance Fraud
Aug 2 2012 // North Carolina regulators announced this week that a local insurance agent was arrested and charged with one felony count of obtaining property by false pretense. Department of Insurance criminal investigators allege that...
New, Tougher Insurance Fraud Law Now in Effect in Alabama
Aug 2 2012 // A number of recently enacted laws in Alabama concerning property-casualty insurance became effective on August 1. • One newly enacted law, Act 12-429 (Insurance Fraud), makes insurance fraud a felony crime. It will be...
N.J. Chiropractor Charged With Stealing $89K Through False Claims
Aug 1 2012 // New Jersey officials announced that a local chiropractor was charged with stealing more than $89,000 from insurance companies by submitting false claims for alleged treatments on more than 30 patients who were involved in...
Cincinatti Insurance Co., IDentity Theft 911 to Offer Data Breach Services to Insureds
Aug 1 2012 // IDentity Theft 911, an identity management and data risk management service company, is partnering with The Cincinnati Insurance Company to bring data risk solutions to Cincinnati’s commercial insurance...
Florida’s Workers’ Compensation Check Fraud Efforts Produce Results
Aug 1 2012 // Just months after Florida lawmakers enacted a new law designed to target the role of check cashing companies in the construction industry, state officials announced a string of arrests netting more than $140 million in...
2 Calif. Men Arrested In Insurance Fraud Scam
Jul 30 2012 // Authorities say two California men were arrested this week on suspicion of running an insurance fraud scam that bilked multiple companies for hundreds of thousands of dollars. Insurance Commissioner Dave Jones said Friday...
North Carolina Woman Arrested for Alleged Insurance Fraud
Jul 30 2012 // North Carolina insurance department announced last week the arrest of Debra Gail Hodges, 41, of 5009 Inverness Drive, Fayetteville; she is charged with one count each of insurance fraud, attempted insurance fraud,...
A Decade Later: Is Sarbanes-Oxley Working? – Analysis
Jul 30 2012 // When Peregrine Financial collapsed earlier this month, a nagging question resurfaced. As in the implosion of Lehman Brothers, the fall of Bernard Madoff and other cases in recent years, many asked: Where were the...
Ohio Health System Fighting Pill Fraud with Fingerprints
Jul 27 2012 // A southeastern Ohio health system is hoping a fingerprint collection program will help it cut down on prescription painkiller abuse. Brent Saunders, board chairman at Holzer Health Systems in Gallipolis says painkiller...
Ironshore Launches Commercial Crime Coverage Through Pembroke Syndicate
Jul 26 2012 // Ironshore Inc. has launched a specialty commercial crime product to be offered by its Lloyd’s Pembroke Syndicate 4000, based in London. Offering coverage limits up to GBP 20 million, Ironshore’s commercial...
