Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
North Carolina Sisters Charged with Insurance Fraud
Oct 26 2010 // A pair of Durham, North Carolina sisters has been arrested for alleged insurance fraud, according to Insurance Commissioner Wayne Goodwin. Evelyn Lee Navarro, 31, has been charged with one count of embezzlement by an...
12 Arrested in Investigation of Louisiana Staged Crash Ring
Oct 22 2010 // Louisiana State Police reported that 12 people have been arrested as the result of a 2 1/2-year investigation by Region II Criminal Investigation Division, Insurance Fraud Unit/Auto Theft Unit – Monroe Field...
Ex-AIG Executive Indicted in New York Horse Farm Fraud
Oct 20 2010 // A former Deutsche Bank AG and American International Group Inc. managing director and her husband have been indicted for fraud for allegedly conspiring to illegally extract money from those companies to help run their...
Michigan Alleges $50 Million Fraud Involving 41 Agents
Oct 19 2010 // Michigan insurance officials say they have identified 41 out of a possible 76 American Benefit Concepts (ABC) insurance agents responsible for selling fraudulent investment products in several multi-million dollar...
Firms Lose More to Electronic Fraud than Physical Theft
Oct 18 2010 // Companies for the first time report they are losing more through electronic theft of data than physical stealing of assets, risk consultancy Kroll said on Monday in an annual report on international fraud trends. Fraud was...
Workers’ Comp Fraud Leads to Jail Time for Hatchery Owner
Oct 18 2010 // The owner of an upstate New York fish hatchery has been sentenced to 60 days in jail for worker’s comp fraud, the New York State Insurance Department said. Edward Panus, was also ordered to repay $4,500 in benefits...
Kentucky Auditor Clears League Over Workers’ Comp
Oct 18 2010 // Kentucky’s state auditor has found no fraud in the insurance buying practices of the Lexington-Fayette County Urban Government. Auditor Crit Luallen said her agency found no evidence to conclude that the city’s...
Be Fair to CSRs
Oct 18 2010 // Insurance customer service and claims representatives may not have realized it but when they fail to do their jobs, they are contributing to the insurance fraud problem. According to a survey by Accenture, more than half...
Be Fair to CSRs
Oct 18 2010 // Insurance customer service and claims representatives may not have realized it, but when they fail to do their jobs, they are contributing to the insurance fraud problem. According to a survey by Accenture, more than half...
Imprisoned New Jersey Woman Indicted for Auto Insurance Fraud
Oct 15 2010 // New Jersey prosecutors say a woman who is currently serving a five-year sentence for insurance fraud and identity theft has been indicted in a separate insurance fraud scheme to steal over $8,000 from Liberty...
29 Arrested in Las Vegas Theft Case
Oct 15 2010 // Las Vegas police say 29 people have been nabbed in a year-long undercover operation aimed at disrupting trafficking in stolen vehicles, firearms and personal identification documents. Police said Tuesday that 10 more...
Stanford Denied Use of Lloyd’s Insurance to Pay Fraud Defense
Oct 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...
North Carolina Opens Criminal Probe of Insurance Agent Who Killed Himself
Oct 14 2010 // State Insurance Department officials say they have begun a criminal investigation into the businesses of a Fayetteville man who killed himself in August. The Fayetteville Observer reported that a spokeswoman says the state...
Louisiana Agent Told to Stop Selling Insurance; Fined $10K
Oct 13 2010 // A Winnsboro, La., agent was served by the Louisiana Department of Insurance Fraud Section Investigators with a cease and desist order, a summary suspension order and a $10,000 fine notice for alleged misrepresentation. The...
Kentucky Auditor Clears League Over Workers’ Compensation Purchase
Oct 7 2010 // Kentucky’s state auditor has found no fraud in the insurance buying practices of the Lexington-Fayette County Urban Government. Auditor Crit Luallen said her agency found no evidence to conclude that the city’s...
Arkansas Developer Ordered Jailed on Insurance Fraud Convictions
Oct 7 2010 // Little Rock developer Aaron Jones, who was convicted of setting fire to his $1.6 million family home in an insurance scheme, has been taken into custody so he can start serving time pending a prison sentence. Arkansas...
Idaho Insurance Agent Sentenced in Fraud Case
Oct 4 2010 // An Idaho judge has ordered an insurance agent from Rathdrum to spend 20 days in jail and pay more than $4,200 in restitution for insurance fraud. Former Mutual of Omaha agent Wesley Bruce Thompson pleaded guilty to the...
Judge Refuses to Dismiss Securities Fraud Lawsuit Against AIG
Oct 4 2010 // A judge has refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion of...
Declarations
Oct 4 2010 // Phantom Oversight “We need to uncover the true extent of what the FDA knew and when they knew it and determine whether or not they acted appropriately and timely.” —Congressman Darrell Issa (R-Calif.),...
Arkansas Cracks Down on Counterfeit Insurance Cards
Oct 4 2010 // Eight of nine individuals alleged to have produced, bought or sold counterfeit proof of insurance cards for motor vehicles have turned themselves in as the result of warrants executed by the Arkansas Insurance...
