Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Some Red Flags in Residential Arsons Fly Before the Fire
Apr 19 2010 // Financial stress is the No. 1 reason residential dwellings are intentionally torched, but proving the act of arson is not that easy. In fact, Federal Bureau of Investigation statistics for 2007 show only around 6 percent...
Western States Rank High in Internet Fraud Complaints
Apr 19 2010 // The western states have a high number of online crime complaints per capita, compared to other regions of the country. Alaska, Colorado, Nevada, Oregon, Arizona and Washington ranked among the top 10 for complaints per...
Spring Brings New Crop of Fraud Laws in Northeast
Apr 19 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...
Charges Against Goldman Could Unleash Torrent of Lawsuits
Apr 19 2010 // The fraud charges against Goldman Sachs & Co. that rocked financial markets Friday are no slam dunk, as hazy evidence and strategic pitfalls could easily trip up government lawyers. Yet that hardly matters, experts...
Sweethearts in Crime: Rise in Married Couples in Securities Fraud
Apr 16 2010 // Jeffery Stone and his wife Janette Diller Stone, one-time operators of a now-defunct New York investment firm called Crescent Fund, are not on any government most wanted list. And they aren’t exactly hiding, either....
SEC Charges Goldman Sachs with Civil Fraud
Apr 16 2010 // Goldman Sachs Group Inc. was charged with fraud Friday by the U.S. Securities and Exchange Commission in the structuring and marketing of a debt product tied to subprime mortgages. The SEC alleged that Goldman structured...
Oklahoma Governor Vetoes Bill on Workers’ Comp Fraud
Apr 15 2010 // Oklahoma Gov. Brad Henry has vetoed a bill calling for additional penalties for those who commit workers’ compensation fraud. House Bill 2894 would have required employees convicted of workers’ comp fraud to...
New York Man Charged in No-Fault Fraud Scheme
Apr 13 2010 // An upstate New York man has been charged with fraudulently collecting $6,000 in no-fault lost wage benefits, the New York State Insurance Department said. State police arrested Daniel J. Weisenburger, of Rome, following an...
Motorcycle Thefts Drop by 13% in 2009
Apr 13 2010 // The number of motorcycle sales dropped in 2009 and so did the number of motorcycle thefts. The latest report from the National Insurance Crime Bureau (NICB) shows that motorcycle thefts declined by 13 percent in 2009,...
Missouri Workers’ Comp Violation Referrals Double in Q1 2010
Apr 13 2010 // The Missouri Labor Department’s Division of Workers’ Compensation (DWC) fraud and noncompliance referrals to the state attorney general for workers’ compensation violations more than doubled in the first...
Colorado House Bill Aims To Increase Insurance Fraud Fighting Fund
Apr 12 2010 // The Colorado House has passed a bill to increase funding to help fight insurance fund by surcharging insurance companies. Insurers currently are charged $425 annually, and House Bill 1385 that amount to $561. Revenue from...
As Surveillance Cameras Catch On, Florida Police Catch Criminals
Apr 9 2010 // The eyewitnesses are everywhere, watching everything. Break-ins. Bank heists. Convenience store robberies, purse snatchings and shopping sprees charged on stolen credit cards. All these incidents and more caught in the...
Earnings Pressure Encouraging Corporate Fraud in India: Survey
Apr 6 2010 // The incidence of corporate fraud, particularly financial statement fraud, is rising in India, largely due to pressure to meet earnings targets and weak internal control systems, a survey by consultancy KPMG showed. More...
U.S. High Court Weighs Foreign Investors Suing in U.S. Courts
Apr 6 2010 // The Supreme Court indicated this week it could prohibit foreign investors from using U.S. securities law and American courts to sue a foreign bank for fraud. The court heard argument in a challenge from Australian...
Top 10 Internet Frauds
Apr 5 2010 // Online crime complaints increased substantially last year, with the number of fraud complaints jumping 22.3 percent and total losses linked to online fraud reaching almost $560 million. That’s according to the...
D&O Coverage as a Partner in Crime (and Fidelity)
Apr 5 2010 // While high-profile crimes like Bernie Madoff’s $65 billion Ponzi scheme generate headlines, employees at companies across the county are committing smaller, low profile crimes every day. Many employee theft schemes...
MetLife Auto & Home Adds Tax-Related Identity Theft Service
Apr 1 2010 // MetLife Auto & Home has enhanced its identity protection services to include assistance for tax-related identity theft. The assistance is offered as part of the company’s Identity Protection Services provided to...
Idaho Facing New Form of Insurance Fraud
Mar 31 2010 // The Idaho Department of Insurance is warning the public of a new form of insurance fraud. According to the department, following the recent passage of the health care reform bill, a new scam has emergend in which consumers...
American Claims Management Appoints Randall as Director of Special Investigations Unit & Investigations Department
Mar 31 2010 // San Diego, CA, 03/31/10 – American Claims Management, Inc. (ACM), a leading national third party claims administrator, is pleased to announce that Bill Randall will lead ACM’s newly expanded Special...
FEMA Charges Georgia Man with Multiple False Claims
Mar 29 2010 // Desima James would seem to be the unluckiest man in America. In 2005 and 2006 alone, he suffered through three devastating Gulf Coast hurricanes, a tornado in Indiana and flooding in New Hampshire. Or so he told the...
