Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
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...
Indiana Physician Who Hid in Europe Pleads Guilty to Fraud
Jul 25 2012 // A former northwestern Indiana nose surgeon who was once the subject of an international dragnet before being captured on an Italian mountainside after five years on the run has pleaded guilty to 22 counts of health care...
Buffalo Region Has Highest Auto Theft Rate in New York State
Jul 23 2012 // The New York Insurance Association said this month the Buffalo-Niagara Falls metropolitan area has the highest vehicle theft rate in New York State. The region had a vehicle theft rate of 161.19 thefts per 100,000...
North Dakota Insurance Agent Charged With Stealing from Customer
Jul 20 2012 // A Dickinson, N.D., insurance agent is accused of stealing $30,000 from a customer three years ago to buy gold coins and make a payment on his credit card. Scott Biggs is charged with five felonies. The most serious carries...
Montana Agent Pleads Guilty To Stealing Premiums
Jul 19 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 Commissioner...
‘Whistleblowers’ Claim fraud at SF Academy of Art
Jul 18 2012 // Four former recruiters at the Academy of Art University in San Francisco are accusing school officials of using an illegal compensation plan to cheat the federal government out of millions of dollars in financial aid, the...
Settlement Reached with Ex-US Fidelis Workers
Jul 18 2012 // The Missouri attorney general’s office has reached a deal with some former employees of US Fidelis allowing compensation for being laid off without proper warning. US Fidelis was once a leading seller of vehicle...
Bank of America Settles Mortgage Fraud Lawsuit with Bond Insurer Syncora
Jul 18 2012 // Bank of America Corp. has agreed to pay $375 million to settle a case brought by bond insurer Syncora Guarantee over toxic mortgage-backed securities at the center of the 2008 financial crisis. Syncora sued Bank of America...
Hawaii Enacts 4 New Laws To Curb Cybercrimes
Jul 17 2012 // Four new Hawaii laws are aimed at curbing cybercrimes. Gov. Neil Abercrombie recently signed bills to combat cyberbullying, to prohibit adults from soliciting minors to electronically transmit nude images of minors and to...
