Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Queens Contractor Arrested for Workers’ Comp Fraud
Jul 20 2010 // The New York State Insurance Fund said a Queens contractor who allegedly defrauded the workers’ comp insurer of more than $150,000 in uncollected premium has been arrested. Queens contractor on grand larceny and...
Investors Face Uphill Battle with Liability Lawsuits Against BP
Jul 20 2010 // Shareholders angry about BP Plc’s battered stock price are heading to the courthouse in hopes of reclaiming some of their losses, but they face an uphill battle. Since the Deepwater Horizon oil rig exploded in April,...
Los Angeles Judge Dismisses Sterility Verdict Against Dole
Jul 19 2010 // A judge on Thursday dismissed a $2.3 million judgment against Dole Food Co. in a lawsuit by purported Nicaraguan banana workers, ruling that the company and the court were victims of a massive fraud. Los Angeles Superior...
New Jersey Bill Targets Vehicles Registered Out of State
Jul 19 2010 // New Jersey is taking aim at residents who fraudulently register their vehicles or obtain auto insurance in other states. The Assembly recently passed a measure that makes so-called “reverse rate evasion” a form...
AIG to Pay $725M to Settle Securities Fraud Lawsuit
Jul 19 2010 // American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history. AIG,...
Goldman Sachs Settles with SEC for $550 Million
Jul 16 2010 // Goldman Sachs Group Inc. agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank’s clients and investors. The...
North Carolina Crime Rate Down
Jul 16 2010 // Law enforcement officials say North Carolina’s crime rate in 2009 was the lowest in a quarter-century. The statistics released by the office of Attorney General Roy Cooper show particlar improvements in violent...
Conviction of Adviser Upheld in Fraud of Ohio Work Comp Agency
Jul 16 2010 // A federal appeals court has refused to allow a new trial for an investment adviser serving 12 years in the loss of $216 million at the state agency for injured workers. The three-judge panel of the 6th U.S. Circuit Court...
Insurance Brokers Plead Not Guilty to New Jersey Fraud
Jul 15 2010 // Three insurance brokers from Maryland have pleaded not guilty to charges that they bilked the city of Perth Amboy, N.J., out of more than $216,000 by collecting payments for a nonexistent wellness program for city...
Fraud Bureaus Report Sharp Rise in Fake Health Plans
Jul 7 2010 // Bob Harper thought he’d found a better health-insurance deal. The Oklahoma man bought coverage from an outfit called American Trade Association (ATA). The price seemed affordable, and he thought he’d save...
Scranton, Pennsylvania Agency CEO Arrested on Premium Theft Charges
Jul 7 2010 // Agents from the Pennsylvania Attorney General’s Insurance Fraud Section have arrested the CEO of a bankrupt Scranton insurance agency, who is charged with the theft of more than $1.3 million in premiums that were...
Post Office Says System Worked; No Florida Citizens Insurance Mail Lost
Jul 7 2010 // Florida’s Citizens Property Insurance might not be missing any mail or checks from customers after all, although the insurer can’t be 100 percent certain. Insurance Journal and other media reported yesterday...
New Jersey Bill Targets Vehicles Registered Out of State
Jul 6 2010 // New Jersey is taking aim at residents who fraudulently register their vehicles or obtain auto insurance in other states. The Assembly recently passed a measure that makes so-called “reverse rate evasion” a form...
It’s Nothing Personal … Just Business!
Jul 5 2010 // Businesses Accounts Are Vulnerable When It Comes to Financial Computer Fraud People use the phrase “it’s nothing personal, just business” all the time. It covers a wide range of topics and situations. If...
It’s Nothing Personal … Just Business
Jul 5 2010 // Businesses Accounts Are Vulnerable When It Comes to Financial Computer Fraud People use the phrase “it’s nothing personal, just business” all the time. It covers a wide range of topics and situations. If...
The Ethics of Stealing Business From Competitors
Jul 5 2010 // You are on an airplane and you strike up a conversation with the person next to you. She is the decision-maker of a company that buys your competitor’s products. You have such a great exchange that she asks for your...
4 in North Carolina Arrested on Auto Insurance Fraud Charges
Jul 1 2010 // Four people have been arrested in North Carolina for their alleged involvement in a series of automobile insurance fraud schemes worth more than $9,000, according to state officials. Insurance Commissioner Wayne Goodwin...
California Violent Crime Rate Falls for Third Consecutive Year
Jun 28 2010 // California’s violent crime rate has declined 6.6 percent in the past year, according to the California Department of Justice’s annual crime report for 2009, recently released by Attorney General Edmund G. Brown...
Federal Judge Approves $72M Insurance Settlement with The Hartford
Jun 16 2010 // A federal judge has given preliminary approval to a settlement under which The Hartford Financial Services Group Inc. will pay $72.5 million to more than 21,000 people nationwide who alleged the insurer engaged in fraud in...
Lawyer for Alleged Ponzi Schemer Stanford Accused of Insurance Fraud
Jun 15 2010 // The judge handling the criminal case against accused Ponzi schemer Allen Stanford is allowing parties to review documents related to allegations that the Texas financier’s lawyers engaged in insurance fraud. An order...
