Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
U.S. Drops Criminal Probe Against AIG Financial Products Executives
May 24 2010 // The U.S. Justice Department has dropped a probe of American International Group Inc. executives involving the credit default swaps that sent the insurer to the brink of bankruptcy and forced a huge taxpayer bailout,...
Louisiana Medical Staffing Firm Owners Charged with Work Comp Fraud
May 20 2010 // A months-long investigation by the Louisiana Workforce Commission (LWC) and the Louisiana Attorney General’s office into the business practices of a Ville Platte medical staffing firm has resulted in the arrest of...
Car Thefts Down in Most Ohio Cities
May 19 2010 // An insurance industry group reports car thefts were down last year in 15 of Ohio’s 16 largest metro areas. The only exception was the Marietta area in southeast Ohio. The Ohio Insurance Institute (OII) says a report...
Temp-Worker Exec Charged with Insurance Fraud in New York
May 19 2010 // A temporary-worker magnate has been charged with scamming the New York State Insurance Fund out of $25 million in payments he owed for workers’ compensation insurance. Eric Goldstein pleaded not guilty Monday to...
The Hanover Partners With Identity Theft 911
May 18 2010 // The Hanover Insurance Group, Inc. has partnered with Identity Theft 911, an identity theft management and data-breach response service. The arrangement will enable The Hanover’s agents to provide their mid-size...
Arizona Auto Thefts Down
May 18 2010 // Auto thefts in Arizona are declining with law enforcement and insurance industry partnerships to reduce crime and losses. Recent national data from the National Insurance Crime Bureau (NICB) shows the Tucson and Phoenix...
The Ethics of Stealing Business From Competitors
May 17 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...
Colorado Rejects Bill Restricting Video Surveillance
May 17 2010 // The Colorado Senate Judiciary Committee has defeated a bill that would have limited the use of surveillance of employees who have submitted a workers’ compensation claim. Among other things, HB 1012, would have...
Ex-Agent Gets Five Years for Connecticut Fraud
May 6 2010 // A Connecticut financial adviser has been sentenced to five years in prison for defrauding more than two dozen clients of more than $2 million and losing the money while gambling in casinos. Thomas Cipriano was sentenced...
Seven North Jersey Residents Charged In Auto “Give Up” Scheme
May 6 2010 // Seven New Jersey residents have been charged with insurance fraud and related charges for lying to police that their cars had been stolen in order to collect insurance money, the New Jersey Attorney General’s office...
Colorado Rejects Bill Restricting Video Surveillance
May 6 2010 // The Colorado Senate Judiciary Committee last night defeated a bill that would have limited the use of surveillance of employees who have submitted a workers’ compensation claim. Among other things, HB 1012, would...
Connecticut Agent to be Sentenced Today for $1.3M Theft
May 4 2010 // A Connecticut businessman faces sentencing for stealing more than $1.3 million from clients and using the money to gamble at Connecticut’s casinos. Thomas Cipriano has pleaded guilty to mail fraud and money...
Lo Jack Device Helps in Recovery of $45K in Stolen Property in Louisiana
May 4 2010 // Louisiana State reported that information from Lo Jack Inc. related to a stolen 2006 Suzuki Hayabusa motorcycle in the LaPlace area aided in the recovery of $45,000 worth of stolen property. The Suzuki was reported stolen...
FBI Opens Gulf Oil Spill Disaster Fraud Line
May 4 2010 // The Federal Bureau of Investigation announced today that an existing fraud tip line is now accepting information from the public about suspected fraud associated with the Gulf of Mexico oil spill. Tips should be reported...
Lo Jack Device Helps in Recovery of $45K in Stolen Property in Louisiana
May 3 2010 // Louisiana State reported that information from Lo Jack Inc. related to a stolen 2006 Suzuki Hayabusa motorcycle in the LaPlace area aided in the recovery of $45,000 worth of stolen property. The Suzuki was reported stolen...
May 3 2010 // 30 Terry Lisotta, former CEO of Louisiana Citizens Property Insurance Corp. was sentenced to 30 months in prison for improperly spending more than $29,000 of the company’s money on lavish meals, trips, sports tickets...
Pennsylvania Exotic Dancer Charged with Workers’ Comp Fraud
Apr 30 2010 // A Pennsylvania woman has been charged with workers’ comp fraud after authorities found her moonlighting as an exotic dancer while collecting benefits from a waitress job she claimed she couldn’t do. In 2007,...
Spring Brings New Crop of Fraud Laws in Northeast
Apr 23 2010 // Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010. This counters the recent logic that many state lawmakers are...
Judge: Fraud Case Against Ex-AIG CEO Greenberg ‘Devastating’
Apr 21 2010 // New York state prosecutors have “a devastating case” against Maurice “Hank” Greenberg, the former American International Group Inc. chief executive accused of fraud over a reinsurance transaction 10...
Michigan Warns Consumers on Scam Using Fake Allstate Insurance Checks
Apr 21 2010 // Michigan insurance officials and Allstate Insurance Co. are warning consumers of an international mail fraud scheme using counterfeit checks with Allstate’s name on them. The Michigan Office of Financial and...
