Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
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...
Oklahoma Agent Sentenced for Fraud in McCurtain County
Apr 9 2012 // Oklahoma Insurance Commissioner John D. Doak and McCurtain County District Attorney Mark Matloff announced the conviction and subsequent sentencing of Matthew Hammer, a formerly licensed insurance agent in Oklahoma. The...
Tampa Medical Firm Accused of End Run Around Florida’s New PIP Law
Apr 6 2012 // A Tampa company has sent fliers to chiropractors suggesting ways to capitalize on potential loopholes in new legislation aimed at denting the runaway fraud plaguing Florida’s mandatory motor vehicle no-fault law. The...
Va. DOT Contractor Pleads Guilty to Fraud, Used Uninsured Vehicles
Apr 4 2012 // A Staunton contractor accused of defrauding the Virginia Department of Transportation has pleaded guilty to commercial fraud. Thirty-two-year-old Jeffrey T. Jennings faces up to 15 years in prison. The News Leader reports...
Appeals Court Hears Fraud Claim Against Goldman, TCW Over CDOs
Apr 2 2012 // A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc. and TCW Asset Management Co. should have foreseen the housing market implosion that caused a $37 million loss for German state-owned...
Securities Fraud Settlements in 2011 Were Lowest in Decade
Apr 2 2012 // Angry investors are seeing far fewer financial benefits from lawsuits accusing corporate America of securities fraud, but may be on the cusp of a turnaround. The number and size of securities fraud settlements that won...
Iowa Pension Fund Sues Audit Firm Over Fraud Loss
Mar 29 2012 // The Iowa Public Employees’ Retirement System has sued a New York-based auditing firm, alleging that the company failed to detect a theft scheme that cost the pension fund millions of dollars. The Des Moines Register...
Virginia Insurance Fraud Arrests Going Up
Mar 28 2012 // The Virginia State Police insurance fraud program just released their 2011 annual report, which shows the number of arrests for insurance fraud and other related crimes, such as arson and forgery, is continuing to increase...
Florida Arrests 15 in Alleged Food Truck Insurance Scam
Mar 27 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 outcome of a two-year...
N.J. Police Chief on Trial for Official Misconduct, Insurance Fraud
Mar 27 2012 // A trial got underway on Monday for Hackensack, N.J., Police Chief Ken Zisa. Zisa was suspended without pay in 2010 after he was charged with official misconduct and insurance fraud. The chief is accused of removing his...
Facebook Says Emails Show New Yorker’s Lawsuit a Fraud
Mar 26 2012 // Facebook Inc. released emails by founder Mark Zuckerberg from his days at Harvard University to bolster its arguments that a wood-pellet salesman who sued for a 50 percent stake in the social media company lied and forged...
Texas Police Use DNA Technique to Solve Property Crime
Mar 26 2012 // A thief wearing gloves walks into a parking lot, perhaps using the cover of night, smashes a car window and takes what’s inside the vehicle, all in a matter of minutes. It’s the general technique for many car...
N.H. Resident Pleads Guilty to Filing Fraudulent Claim
Mar 23 2012 // A New Hampshire woman pleaded guilty this month to filing a fraudulent claim on her renter’s policy. The suspicious claim was made in 2009 and was subsequently investigated by the New Hampshire insurance...
