Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Dozens Charged in Massive Insurance Fraud Scheme in New York
Feb 29 2012 // Federal and local authorities in New York unveiled charges today against 36 defendants — including 10 doctors and three attorneys — allegedly involved in a systematic scheme to defraud auto insurance companies...
Crime Prevention Campaign Joins Forces With Another Texas Town
Feb 29 2012 // The Insurance Council of Texas (ICT) has joined with the Grand Prairie Police Department in a crime prevention campaign aimed at preventing auto thefts and auto burglaries. The program involves the funding and distribution...
Colorado May Criminalize Withholding Wages
Feb 29 2012 // Withholding wages from an employee could become criminal in Colorado under a bill being debated at the state Legislature. A House committee will consider a “wage theft” bill Tuesday. The bill would make it...
North Carolina Lawmakers Look to Tackle Copper Theft
Feb 29 2012 // Lawmakers in western North Carolina are looking to make it tougher for copper thieves to sell scrap metal, and they’re getting creative about how to get it done. The News Herald of Morganton reported that state Rep....
Louisiana Reports 4-Year Decline Vehicle Thefts
Feb 27 2012 //
Trial Date Set for Insurance Fraud with Ties to Frankel, Vatican
Feb 27 2012 // More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and...
Illinois Insurance Agent Sentenced 17 Years for Fraud
Feb 21 2012 // A southern Illinois insurance agent and securities broker was sentenced to 17 1/2 years in prison after pleading guilty to an investment scheme that prosecutors said swindled roughly $6 million from dozens of mostly...
Looks Like The Year for PIP Reform in Florida
Feb 20 2012 // Roughly halfway through Florida’s legislative session, state Insurance Commissioner Kevin McCarty expressed optimism that state lawmakers would find a way to substantially reform the state’s no-fault auto...
4 Executives Found Not Guilty in Florida Hurricane Fund Fraud Case
Feb 17 2012 // Four insurance executives of a now defunct Florida property insurer have been found not guilty of defrauding the state’s reinsurance facility of over $20 million in a case stemming from hurricane losses dating back...
Kentucky Lawmaker Wants Whistleblower Law to Combat Fraud
Feb 17 2012 // Kentucky Speaker of the House Greg Stumbo said he will file legislation to give whistleblowers strong financial incentive to step forward if state tax dollars are being misused. Stumbo, a Democrat, said his False Claims...
Citigroup to Pay $158M in Whistleblower Fraud Claim Over Insurance for Mortgages
Feb 16 2012 // Citigroup Inc. has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit. Wednesday’s settlement resolves...
Lawyers Appeal Mississippi Asbestos Fraud Verdict
Feb 14 2012 // Two Mississippi plaintiffs lawyers, including a former state lawmaker, have appealed a verdict that they committed fraud during an asbestos lawsuit they filed in 2001. A federal jury in Mississippi decided in 2010 that the...
Wall Street Fights Back vs. Expert Witness in Lawsuits
Feb 14 2012 // For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies. As those victories piled up, brokerages went to war on...
Louisiana Officer in Federal Insurance Fraud Probe Found Dead
Feb 10 2012 // The St. Tammany Parish coroner ruled that the death of a New Orleans police officer under investigation by the FBI was a suicide. Officer Salvadore Battaglia’s body was found in his house on the night of Feb. 7. Dr....
Bogus Insurance Claims Help Spaniards Weather Tough Economic Times
Feb 10 2012 // Leather seats are disappearing from cars. Precious jewels are vanishing from drawers. TVs are spirited out of homes in the dead of night. These crimes are not what they seem. And the perpetrators are not the usual...
90 D.C. Workers Face Firing for Unemployment Fraud
Feb 9 2012 // About 90 District of Columbia workers have been suspended and may be fired after officials determined they received unemployment checks while holding city jobs. The Washington Post reported this week that another 60 former...
Florida Insurance Commissioner: ‘This Is Year for PIP Reform’
Feb 9 2012 // Roughly half way through Florida’s legislative session, state Insurance Commissioner Kevin McCarty expressed optimism that state lawmakers would find a way to substantial reform the state’s no-fault auto...
Louisiana AG Recovers $25.2M from Drug Companies Charged with Fraud
Feb 8 2012 // Louisiana Attorney General Buddy Caldwell announced that his office has recovered $25.2 million from five pharmaceutical companies that he sued alleging unlawful inflation of drug costs paid by Louisiana taxpayers through...
Nationwide Adds Software Protection to Identity Theft Insurance
Feb 6 2012 // Nationwide Insurance has extended its ID theft insurance coverage by providing help with protecting personal information on home computers. The carrier’s newest product includes free access to software that helps...
Businesses Oppose Proposed Ohio Fraud Legislation
Feb 6 2012 // Some Ohio businesses are opposing a bill backed by the attorney general that would create tougher penalties on fraud and give whistle-blowers a slice of the damages or repayments. The proposed legislation, known as the...
