Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
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...
Travelers Enhances Identity Fraud Protection Coverage
Nov 3 2010 // Travelers has updated its Identity Fraud product to offer more protection against the most frequent problems identity fraud victims experience. The insurance product upgrades come at a time when the number of identity...
Be Fair to CSRs
Nov 1 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...
Michigan Alleges $50 Million Fraud Involving 41 Agents
Nov 1 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...
Be Fair to CSRs
Nov 1 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...
Massachusetts Prison Guard Accused of Workers’ Comp Fraud
Oct 29 2010 // A former Massachusetts prison guard has pleaded not guilty to charges that he ran long-distance races while collecting worker’s compensation for an on-the-job injury he said made it impossible to do strenuous...
Survey: Private Firms Expect Growth, Employee Theft and Data Breach
Oct 27 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...
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...
