Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
In Few Years, Social Network Data May Be Used in Underwriting
Oct 13 2011 // The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter and LinkedIn. Already, scouring Facebook and other social network pages of the...
Court Delays Sentencing in Rhode Island Insurance Fraud Case
Oct 7 2011 // A federal judge has delayed the sentencing date for the only defendant waiting to learn his punishment for his role in a $40,000 home insurance fraud case in Rhode Island. The sentencing hearing for Vincent DiPaolo was...
Texas Insurer in New York Boat Accident Pleads Guilty to Fraud
Oct 7 2011 // A Houston man has pleaded guilty to a charge related to selling fraudulent insurance policies, including one to a company that owned a tour boat which capsized in a New York lake in 2005, killing 20 tourists. Federal...
Northern California Insurance Fraud Ring Busted
Oct 5 2011 // Multiple suspects in an insurance fraud ring have been arrested as a result of indictments handed down by a Contra Costa County Grand Jury, it was announced on Wednesday. The arrests are a result of a two-year...
California D.A.s Get $23M in Grants to Battle Auto Insurance Fraud
Oct 4 2011 // Maria Ramirez’ job heading the battle against automobile fraud in the state’s most populous county is tough enough. But her division is “operating on fumes” amid a rise in that type of crime and...
Mass. Businessman Charged with Filing False Claims, Stealing $40K
Oct 4 2011 // A Waltham, Mass., businessman who is alleged to have stolen nearly $10,000 with his insurance fraud and another $30,000 in a separate unemployment fraud scheme is scheduled to appear in court this week. In mid-August, John...
Insurance Agency Founder Sentenced for Fraud in D.C.
Oct 4 2011 // An insurance agency founder was recently placed on four years of supervised release and fined $10,000 in Washington, D.C., after earlier pleading guilty to insurance fraud, according to officials. Washington, D.C.,...
New York Officially Launches Financial Services Department
Oct 3 2011 // New York Department of Financial Services, the new department that combines the state’s insurance and banking regulators, was officially launched on Monday, Oct. 3. Financial Services Superintendent Benjamin Lawsky...
Cross Border Claims Frustrate Auto Carriers
Oct 3 2011 // Staged automobile accidents in Canada’s most populated province of Ontario pose a unique problem for American auto insurers that must deal with Ontario’s stringent no-fault benefits. Some U.S.-based adjusters...
Texas Man Sentenced to 60 Years for $100M Insurance Fraud
Sep 30 2011 // After hearing tearful testimony from several people whose life savings were stolen, a federal judge in Virginia sentenced a former Texas businessman to 60 years in prison for his role in a $100 million life insurance scam...
N.Y. Official Says Alleged Insurance Scam Artist Caught
Sep 29 2011 // New York Attorney General Eric Schneiderman announced the arrest of an alleged scam artist, Arthur Bogoraz, who officials contend devised a massive scheme to defraud insurance companies out of millions of dollars. Bogoraz...
Judge Narrows $1B Madoff Case vs. N.Y. Mets Owners
Sep 28 2011 // A federal judge narrowed a $1 billion lawsuit against owners of the New York Mets baseball team by the trustee seeking money for Bernard Madoff’s victims, and cast skepticism on how much might ultimately be...
One Frustrated Florida County Tackles Auto Insurance Fraud On Its Own
Sep 27 2011 // One county in Florida has decided not to wait on state lawmakers’ promise to address the insurance fraud and fix the state’s automobile no-fault law. It has passed its own ordinance to crack down on fraudulent...
Louisiana Agent Arrested for Alleged Insurance Fraud
Sep 27 2011 // A Metairie, La., insurance agent has been arrested for insurance fraud, state officials say. The Louisiana State Police Insurance Fraud/Auto Theft Unit arrested Angela Bodenheimer, 49, on one count of insurance fraud, the...
Iowa Won’t File Criminal Charges Against Texas Firm
Sep 27 2011 // Iowa won’t pursue criminal charges against a Texas company that’s accused of exploiting developmentally disabled workers at a turkey plant in eastern Iowa. According to the Des Moines Register, the Iowa...
Accounting Firm Sued for $7.6B, Accused of Missing Lender Fraud
Sep 27 2011 // Deloitte Touche Tohmatsu Ltd , the world’s largest accounting and consulting firm, was accused Monday of failing to detect fraud during its audits of one of the biggest private mortgage firms to collapse during the...
Des Moines, Iowa, Executive Pleads Guilty to Insurance Fraud
Sep 26 2011 // The president of a Des Moines, Iowa, firm that provides companies with temporary employees has pleaded guilty to a scheme to reduce the cost of his workers compensation insurance. Under a plea agreement reached with...
Texas Car Dealer Convicted in Title Washing Scheme
Sep 23 2011 // A federal jury in Texas has convicted a car dealer from Rowlett for ‘title washing,’ a fraudulent process through which a vehicle’s title is corruptly altered to conceal information that should normally...
Ex-Insurance Agent in Pennsylvania Sentenced for Fraud
Sep 21 2011 // A former northeastern Pennsylvania insurance executive has been sentenced to 5 1/2 to 16 1/2 years in state prison in what prosecutors said was a pyramid scheme worth at least $7 million. Brian Murray, 68, former head of...
Former Controller for Texas Insurer Sentenced for Wire Fraud Scheme
Sep 20 2011 // The former controller for a Houston-based property/casualty insurance company has been sentenced to 120 months in federal prison for her conviction of conspiracy to commit wire fraud involving almost $1 million in loss to...
