Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
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...
Broker Gets 30 Years For Stealing From Elderly
Apr 24 2012 // A 49-year-old insurance broker who stole large amounts of money from elderly clients has been sentenced to 30 years in prison and must pay more than $1.4 million in restitution. The Denver Post reported Mendenhall was...
Maine Businessman Gets 2 1/2-Year Prison Term for Insurance Fraud
Apr 24 2012 // The owner of a Kittery, Maine, medical equipment supply company has been sentenced to 2 1/2 years in prison for health care fraud and for lying on an application for a loan from the U.S. Small Business...
Firm Pleads Guilty in Va. Court to $670M Insurance Fraud Scheme
Apr 23 2012 // A Costa Rican company has agreed to plead guilty to a $670 million global insurance fraud scheme. Provident Capital Indemnity Ltd. entered a plea agreement last Friday in U.S. District Court in Richmond, Virginia, where...
Florida Massage Therapist, 14 Patients Charged with Insurance Fraud
Apr 23 2012 // Florida officials said they have arrested a licensed massage therapist, a physician’s assistant and 14 massage clinic patients on charges of insurance fraud and grand theft as part of an undercover sting. Officials...
Poll: Northwest Residents Rely on Vigilance to Protect Identities
Apr 20 2012 // Most Northwest residents are concerned about the threat of identity theft, but a majority rely on their own vigilance to protect themselves from fraudulent activity against their personal information, a new poll...
Missouri Bill Criminalizes Undercover Videos at Farms
Apr 19 2012 // The Missouri House has endorsed legislation that would make it a crime for undercover activists to produce videos portraying poor conditions at livestock farms or other agricultural facilities. The legislation given...
Penn. Mom, Daughter Go on Trial in $1M Insurance Fraud Case
Apr 18 2012 // A mother and daughter from northeastern Pennsylvania are on trial for allegedly taking part in a decade-long $1 million insurance scam. Sixty-one-year-old Bianca Bucano and her 23-year-old daughter, Melissa, were allegedly...
Virginia Insurance Fraud Arrests Going Up
Apr 16 2012 // The Virginia State Police said its special agents made 231 arrests for insurance fraud and other related crimes, such as arson and forgery, in 2011 — up eight percent over 2010. The Virginia State Police investigates...
New York State Senate Passes Auto Insurance Fraud Measures
Apr 16 2012 // New York lawmakers want to slam the brakes on the auto insurance fraud. Late last month, the state’s Senate passed three bills to fight auto insurance fraud. These measures are now in the state Assembly for...
Florida Food Truck Bust
Apr 16 2012 // Florida officials said they have busted an alleged $800,000 insurance claims scam in which food trucks were used to stage accidents. Florida Chief Financial Officer Jeff Atwater announced the arrests of 15 defendants for...
Justice Department Testing Little-Used Law in Financial Crisis Cases
Apr 13 2012 // An Obama administration task force established to investigate misconduct that fueled the financial crisis is turning to a little-used statute that may make such cases easier to bring, according to people familiar with the...
N.J. Regulator Offers Advice for Avoiding Auto Insurance Fraud
Apr 12 2012 // Consumers often face important decisions on insurance, medical treatment and auto repair in the aftermath of an auto accident. But unfortunately, they can end up paying unnecessary expenses or even become victims of fraud...
Martial Arts Fighter-Fireman Charged With Workers’ Comp Fraud
Apr 11 2012 // Los Angeles City firefighter Raphael “Noodle” Davis was arrested for allegedly filing false workers’ compensation insurance claims, the Los Angeles Times is reporting. The Los Angeles County District...
Court Narrows Federal Law on Computer Fraud
Apr 10 2012 // A U.S. appeals court rejected the government’s broad reading of a computer fraud law to prosecute workers who steal from company computers, saying it could expose millions of Americans to prosecution for harmless...
Oklahoma Investigating Insurance Agent for Fraud, Exploitation
Apr 10 2012 // An Oklahoma insurance agent is facing charges for exploitation of the elderly and fraud, investigators say. Oklahoma Insurance Commissioner John D. Doak announced that charges have been filed in Kay County against Marshall...
Former Warranty Insurance Firm Co-Owner Pleads Guilty in Missouri
Apr 9 2012 // A former co-owner of one of the country’s top marketers of auto service contracts has pleaded guilty in Missouri to theft and fraud. Darain Atkinson founded St. Charles-based US Fidelis with his brother, Cory...
