Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Real Estate Agent Arrested for Workers’ Comp Fraud in New York
Oct 27 2009 // A Florida real estate agent has been arrested in New York for committing insurance fraud against the state’s largest workers’ comp insurer, the New York State Insurance Fund. Ben Keskin, 52, of Florida, was...
California Has Rise in Auto Insurance Fraud
Oct 26 2009 // In the year 2008, there was a 25 percent increase in suspected vehicle arson fraud in California, according to the state commissioner. Department of Insurance Commissioner Steve Poizner said that recently compiled...
Madoff Investors Add KPMG, MassMutual, Major Banks to Lawsuit
Oct 21 2009 // Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG, JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said. The lawyer,...
California Fraud Suit to Target Major Bank
Oct 20 2009 // California Attorney General Jerry Brown’s office said Monday it would unveil a lawsuit against a major bank for committing fraud against the state’s Calpers and Calstrs retirement systems, two of the...
Louisiana State Police Recover More Stolen Equipment
Oct 20 2009 // The Louisiana State Police reports that its Region 1 detectives have recovered additional stolen farm and construction equipment after further investigation into a case in which two suspects had already been charged with...
People
Oct 19 2009 // Michael “Mike” R. Donohoe of Mankato, Minn., was installed as vice chairman of the Independent Insurance Agents & Brokers of America at the association’s recent Leadership Conference in New Orleans,...
Police Have Doubts About California Art Theft Claim Scenario
Oct 19 2009 // Two men who claim thieves broke into their rental home in the ritzy coastal enclave of Pebble Beach and made off with millions of dollars worth of art have been named as suspects in the case. Monterey County...
California Agent Sentenced to 13 Years in Theft Case
Oct 14 2009 // A Sacramento insurance agent has pled no contest in a case in which it was alleged she took money from clients to invest in real estate loans, but never did. The authorities have said that Maria Elna Flora, 59, who pled to...
Miami Insurance Agent Accused of $14 Million in Premium Finance Fraud
Oct 13 2009 // A Miami insurance agent was arrested for the second time in less than a month for stealing more than $14 million by submitting thousands of fraudulent premium finance contracts for fictitious policyholders, according to...
Southern California Broker Sentenced for Stealing
Oct 13 2009 // Former insurance agent and San Diego County resident Lynn Flanagan, 60, was sentenced to serve 180 days in jail and pay more than $100,000 in restitution for stealing from clients, the California Department of Insurance...
New York Enforcers: $10K-a-Day Fraud Ring Had International Link
Oct 9 2009 // A crime ring raked in about $10,000 a day by manufacturing credit cards with numbers purchased illegally from overseas Web sites, committing mortgage fraud and staging car accidents and auto thefts to collect insurance...
California Man Nabbed for Auto Insurance Fraud
Oct 9 2009 // California Insurance Commissioner Steve Poizner announced today that Tony Lu, 56, of San Jose, was arrested on October 7 and charged with filing a false motor vehicle claim, perjury and falsely reporting a crime. Lu was...
California Art Theft “Stinks” Police Say
Oct 8 2009 // Two men who claim thieves broke into their rental home in the ritzy coastal enclave of Pebble Beach and made off with millions of dollars worth of art were named as suspects in the case Tuesday. Monterey County...
Utah Commissioner Warns of “Nationwide” Scam
Oct 8 2009 // Utah officials are warning the public of an international mail fraud scheme involving a bogus letter said to be from Nationwide Insurance. The scam has spread to 10 states, according to the Utah Department of...
Arizona Has Big Decline in Auto Theft
Oct 7 2009 // Thefts of cars and trucks in the Phoenix area are down 33 percent over last few years according to law enforcement and insurance industry experts. Roughly 55,300 cars, trucks and motorcycles were stolen in 2004, compared...
New York Deputy Sheriff Accused of Workers’ Comp Fraud
Oct 7 2009 // A deputy sheriff has been accused of claiming an on-the-job injury when she actually was hurt by being thrown off her horse. The Putnam County deputy, Barbara Dunn, was indicted Monday on charges including grand larceny,...
Trustee Sues Madoff Family Members for $198 Million
Oct 6 2009 // A court-appointed trustee sued the brother, sons and a niece of imprisoned fraudster Bernard Madoff Friday for $198 million, accusing them of milking the family-run business while they were executives of the...
U.S. Supreme Court Justices Face High-Profile Cases As New Term Opens
Oct 6 2009 // Questions about securities fraud, Sarbanes-Oxley, financial executives’ compensation and football merchandise are among the high-profile cases that the Supreme Court will take up in its term that began this week:...
Lloyd’s D&O Coverage an Issue in Stanford Fraud Case
Oct 5 2009 // Lloyd’s of London has told a federal judge he should not allocate the proceeds of a directors and officers insurance policy for accused swindler Allen Stanford and other executives because they have no guarantee of...
Minnesota AG Sues 2 Insurers for Alleged Fraudulent Activity
Oct 1 2009 // Minnesota Attorney General Lori Swanson is suing two out-of-state companies for selling allegedly fraudulent health insurance coverage to the uninsured. In an announcement on the AG’s Web site, Swanson said the two...
