Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Dodd-Frank Whistleblower Provisions Create Concerns, Coverage Issues
Dec 5 2010 // Coverage Gaps Possible With Rise in Whistleblower Claim Among the many innovations introduced in the massive Dodd-Frank Wall Street Reform and Consumer Protection Act enacted this past July are the new whistleblower...
Wyoming Insurers That Provide Fraud Tips Shielded From Lawsuits
Dec 5 2010 // Wyoming’s Joint Corporations, Elections and Political Subdivisions Interim Committee has endorsed a draft fraud bill that would protect insurers from civil liability for furnishing information relating to insurance...
Memphis Car Impoundment Lot Battles Theft, Damage Claims
Dec 1 2010 // The city of Memphis is upgrading security at the city’s car impound lot after paying out more than $72,000 to settle a variety of theft and damage claims. Mayor A C Wharton told The Memphis Commercial Appeal that the...
Insurer Wants Ex-Judge Off Mississippi Lawyer Case
Nov 30 2010 // An insurance company wants former Mississippi Supreme Court Justice Oliver Diaz kicked off a lawsuit involving imprisoned former attorney Paul Minor. Minor, meanwhile, also thinks the federal judge in the case should step...
Feds Say Loren-Maltese Insurance Fraud Conviction Should Stand
Nov 29 2010 // Federal prosecutors say the fraud conviction of former Cicero, Ill., president Betty Loren-Maltese should stand, even after a U.S. Supreme Court decision on “honest services” laws. Loren-Maltese served 6 1/2...
Hate Crime Victim’s Estate Sues New York Authorities
Nov 24 2010 // The estate of an Ecuadorean immigrant has filed a $40 million civil rights lawsuit that blames police inaction over prior violence for the man’s stabbing death during a confrontation with a mob of teens who had made...
ICT Kicks Off Crime Prevention Program in El Paso
Nov 24 2010 // The Insurance Council of Texas (ICT) has joined with State Farm Insurance Co. in introducing the state’s Hide, Lock and Take program to law enforcement officials in El Paso. Both the El Paso Sheriff’s...
Rhode Island Charges Ex-Providence Politician with Fraud
Nov 22 2010 // A former North Providence councilman already accused of corruption was indicted Thursday along with three others, including an on-air radio personality, of trying to rip off an insurance company by intentionally damaging a...
Wyoming Insurers That Provide Fraud Tips Shielded From Lawsuits
Nov 22 2010 // Wyoming’s Joint Corporations, Elections and Political Subdivisions Interim Committee has endorsed a draft fraud bill that would protect insurers from civil liability for furnishing information relating to insurance...
Forfeiture Hearing Set in Ex-Pennsylvania Judge’s Fraud Conviction
Nov 19 2010 // A federal court forfeiture hearing is set in the case of a former Pennsylvania Superior Court judge convicted of insurance fraud. Michael Joyce, of Millcreek Township, is serving a 46-month prison sentence for collecting...
Florida’s BankAtlantic Executives Found Guilty of Securities Fraud
Nov 19 2010 // Executives at Florida-based lender BankAtlantic Bancorp Inc. failed to alert investors about risks in its real estate loan portfolio as the U.S. housing market collapsed, a Miami federal jury ruled Thursday in a rare...
Cyber Crime Reaches Milestone
Nov 16 2010 // Complaints about Internet crimes have reached a milestone. On Nov. 9, the Internet Crime Complaint Center (IC3) logged its 2 millionth consumer complaint alleging online criminal activity. The IC3, a partnership between...
Survey: Private Firms Expect Growth, Employee Theft and Data Breach
Nov 14 2010 // Nearly half (44 percent) of private company executives expect their firms will add jobs by year end, and more than half (54 percent) plan to expand product or service offerings. Another 12 percent of those same executives...
Lloyd’s D&O Won’t Pay Stanford’s Fraud Defense
Nov 14 2010 // Accused swindler Allen Stanford may not use $100 million in a Lloyd’s of London directors and officers insurance policy to pay the lawyers defending him on charges of running a $7 billion fraud, a U.S. judge in Texas...
U.S. Fights Against Health Care Fraud
Nov 14 2010 // The Fight Against Health Care Fraud Affects More Than Reporting Firm The U.S. Department of Health and Human Services has been conducting regional seminars aimed at identifying best practices for providers, law enforcement...
Accomplice in Ohio Fraud Scheme Sentenced to 6-Month Jail Term
Nov 11 2010 // An accomplice in an insurance fraud scheme in Ohio has been sentenced to a six-month jail term and must pay restitution and fines totaling more than $131,000, Ohio Department of Insurance Director Mary Jo Hudson...
Workers’ Compensation Fees Would Cost New York Drivers, Insurers Warn
Nov 10 2010 // Proposed 30 percent increases in what medical providers in New York are paid for treating workers’ compensation injuries could have unintended consequences for the state’s motorists, an industry group has...
Tennessee Homeowners Can Sue Home Appraiser for Fraud
Nov 9 2010 // Home appraisers who overestimate the value of homes may be liable for fraudulent misrepresentation, the Tennessee Supreme Court has ruled. The state’s high court has overruled an appellate court that had held that...
North Dakota Insurance Agent Accused of Theft
Nov 8 2010 // Bond has been set at $17,500 for a Minot, N.D., insurance agent facing a felony theft charge. State Insurance Commissioner Adam Hamm says 57-year-old Alan Henning allegedly stole more than $800,000 by obtaining...
North Dakota Agent Pleads Guilty to Insurance Fraud
Nov 5 2010 // An insurance agent has pleaded guilty to conning a Grand Forks real estate company into paying more than $64,000 for nonexistent home policies. Forty-four-year-old David Glessner of Grand Forks reached a plea agreement...
