Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Hawaii Lawmakers Pass 3 Cybercrime Measures
May 21 2012 // Hawaii lawmakers have approved a trio of bills aimed at preventing cybercrimes. The bills offer law enforcement and prosecutors more tools to charge and penalize those who use computers to commit crimes. One bill allows...
N.J. Police Chief Is Convicted of Insurance Fraud, Faces Prison Term
May 18 2012 // Hackensack Police Chief Ken Zisa faces up to 45 years in prison after a jury convicted him of insurance fraud and official misconduct. After deliberating three days, the panel on Wednesday found Zisa filed a false...
EEOC Updates Best Practices for Using Criminal Records in Hiring
May 17 2012 // Recognizing that technology has changed hiring procedures and also that more people are coming in contact with the criminal justice system, the federal government has updated its guidelines for employers who use arrest and...
AIG Ex-CEO Greenberg Fights Ruling on Reinsurance Fraud Charges
May 15 2012 // Former American International Group Inc. Chief Executive Maurice “Hank” Greenberg said New York’s attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect...
New Law in Oklahoma Toughens Penalties for Insurance Fraud
May 14 2012 // A bill recently passed and signed by the governor toughens the penalties for insurance fraud, state officials say. Senate Bill 1439, requested by Oklahoma Insurance Commissioner John D. Doak, is expected to save taxpayers...
Judge to Insurer: Pay Legal Fees in Pending Insider Trading Fraud Case
May 11 2012 // A federal judge said during a court hearing in New York on Thursday he is prepared to order an insurance company to keep paying the legal fees of several former hedge fund managers and traders caught up in an insider...
Officials Strengthen Insurance Fraud Prosecution in Southeast Texas
May 10 2012 // Southeast Texas has a new team dedicated to fighting insurance fraud. Texas Department of Insurance (TDI) Commissioner Eleanor Kitzman and Harris County District Attorney Patricia Lykos announced that the Harris County...
Miami Boat Captain Charged with Insurance Fraud Over Sinking of $1.8M Yacht
May 10 2012 // A Miami boat captain has been arrested on a first-degree grand theft charge for allegedly sinking a $1.86 million yacht in 2009 off the Bahamas. Florida Chief Financial Officer Jeff Atwater announced the arrest of Robert...
Bay Area Business Owners, Employee Nailed For Workers’ Comp Fraud
May 9 2012 // Sied “Mike Zarrin” Zarrinsaray, 52, his wife Ronak Barazandeh, 43, the owners of United RMR Enterprises, Inc. of San Jose, were arrested for workers’ compensation insurance fraud, according to the...
Kansas Insurance Investigator Receives Meritorious Service Award
May 9 2012 // Randy Adair, chief investigator for the Kansas Insurance Department’s Anti-Fraud Division, and a retired deputy chief of police for Topeka, is the recipient of the 2012 Clarence M. Kelley Meritorious Service Award...
Reinsurance Fraud Case Against AIG Ex-CEO Greenberg Going to Trial
May 9 2012 // A New York appeals court on Tuesday gave former American International Group Inc. Chief Executive Maurice “Hank” Greenberg a partial victory in the state’s fraud lawsuit against him over two suspect...
RLI Marine to Pay Activation Fee on Equipment Anti-Theft Tracking Device
May 8 2012 // RLI Corp. has announced that it will pay the theft activation fee for all of its RLI Marine policy holders who purchase and install an IRONwatch equipment tracking device serviced by the National Equipment Register (NER)....
Seeking to Combat Insurance Fraud, Louisiana Joins Federal Network
May 7 2012 // Louisiana has agreed to share information with a federal network designed to cut down on insurance fraud. The Advocate reported that the agreement is between the Treasury Department’s Financial Crimes Enforcement...
Florida Governor Signs Long-Awaited Auto Insurance Anti-Fraud Bill
May 4 2012 // Florida’s decade long attempt to reform the state’s automobile no-fault insurance law has finally paid off. Gov. Rick Scott, flanked by rows of law enforcement officials and state officials, signed into law...
Hawaii Lawmakers Pass 3 Cybercrime Measures
May 3 2012 // Hawaii lawmakers have approved a trio of bills aimed at preventing cybercrimes. The bills passed Tuesday offer law enforcement and prosecutors more tools to charge and penalize those who use computers to commit crimes. One...
New York Proposes New Rule to Crack Down on No-Fault Insurance Fraud
May 2 2012 // New York State regulators are expanding their effort to stop no-fault auto insurance fraud. The New York Department of Financial Services announced on Tuesday a new draft regulation, Regulation 68, that would make it...
Virginia Jury Convicts Costa Rican Man in $485M Fraud
May 1 2012 // A federal jury in Virginia convicted a former Costa Rican insurance executive on Monday of all counts in a $485 million fraud scheme in which he was accused of lying to clients and investors about the financial stability...
New York, Florida Associates of ‘Mini-Madoff’ Arrested
Apr 26 2012 // Four associates of a New York businessman convicted in a $400 million Ponzi scheme were arrested Wednesday on charges they pocketed nearly $38 million in commissions for their efforts in advancing the fraud, federal...
Idaho To Receive $85K In Medicaid Fraud Settlement
Apr 26 2012 // Idaho will receive about $85,000 from two separate Medicaid fraud settlements with prescription drug manufacturers. State Attorney General Lawrence Wasden said Tuesday that a settlement with KV Pharmaceutical will net the...
Goldman Must Defend Bond Insurer’s Fraud Claims
Apr 25 2012 // Goldman Sachs Group Inc. must defend fraud claims brought by a bond insurance company over its notorious Abacus mortgage product deal, a New York state judge ruled, but she decided that the investment bank did not unjustly...
