Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Ex-AIG Worker Sentenced to 1 Year in Prison for $500K Theft
Mar 27 2009 // A federal judge in Delaware has sentenced a former AIG employee who stole nearly $500,000 over four years to a year and a day in prison Stacey Baisden, who pleaded guilty to mail fraud last year, apologized in court...
New Hampshire Man Faces Fraud Charge for Keeping Premiums
Mar 27 2009 // Court records show that a business owner in Hudson, New Hampshire faces a federal wire fraud charge alleging that he stole roughly $100,000 from a client. Scott Drohan, owner of Juskel Services, was released on personal...
Ex-Louisiana Citizens Insurance CEO Wants Fraud Case Moved
Mar 27 2009 // The former CEO of Louisiana’s state-backed insurance company wants the criminal case against him moved from East Baton Rouge to Jefferson Parish. Terry Lisotta’s lawyer, David Courcelle, said the fraud case...
Ernst & Young to Pay $109 Million to Settle Alabama Fraud Suit
Mar 27 2009 // Ernst & Young LLP has agreed to pay $109 million to HealthSouth Corp. shareholders who sued the firm for failing to detect an accounting fraud involving more than a dozen executives. According to papers filed in...
N.H. Receives Lowest Crime Ranking; Nevada Ranks as Worst State
Mar 25 2009 // Three northeast states have the lowest crime rate, while Nevada, Louisiana and South Carolina have the highest crime rate, according to a new study. New Hampshire (1) received the lowest crime rate ranking again this year,...
Mississippi Buyers Caught In Stolen Car Scam Must Return Vehicles
Mar 24 2009 // Normally, a 2008 BMW M3 or 3 Series sedan in excellent condition would sell for between $35,000 and $42,000 in a private party transaction, depending on mileage and equipment. For some Jones County buyer who possibly...
As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises
Mar 23 2009 // With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. They are also warning insurers...
It Figures
Mar 23 2009 // 0.08 Legislation that would lower the legal blood alcohol concentration limit for the offense of boating under the influence from 0.10 percent to 0.08 percent has been approved by the Oklahoma Senate. The measure also...
How Consumer Reps Feel About Internet Sales, State Regulation
Mar 23 2009 // Consumer Advisors See Pros and Cons to Internet; Role of Independent Agent Clouded By Commissions Insurance Journal spoke with some of the National Association of Insurance Commissioners (NAIC) consumer liaisons and found...
North Carolina Charges Man Involved in 36 Crashes with Insurance Fraud
Mar 23 2009 // North Carolina officials have arrested an Indiana man and charged him with allegedly filing more than $10,000 in false claims related to 11 crashes between December 2005 and June 2008. North Carolina Insurance Commissioner...
Truck Owner Pleads Guilty in 2005 Connecticut Crash
Mar 19 2009 // A Connecticut trucking company owner whose poorly maintained dump truck lost control and caused a fiery crash that killed four people in 2005 has pleaded guilty to manslaughter and assault charges. David Wilcox, 73,...
Report: New York Fraud Investigations Yielded 755 Arrests Last Year
Mar 17 2009 // Investigations by The New York State Insurance Department Frauds Bureau led to 755 arrests in 2008 — a slight increase over 2007 and and the highest arrest total since 2004, the department said. “Arrests for...
Retired Pennsylvania Judge Appeals Fraud Conviction
Mar 16 2009 // A retired Pennsylvania Superior Court judge is appealing his conviction on charges of falsely collecting $440,000 from insurance companies. Michael Joyce was sentenced Tuesday to three years and 10 months in federal...
Insurance Fraud by Telemarketers Targeted in Texas
Mar 12 2009 // The chairman of the Texas Committee on Insurance Fraud says telemarketers continue to harass the victims of auto accidents whether they have been injured or not. The group is endorsing a bill being introduced in the Texas...
Crime Victims’ Compensation Claims Reviewed in North Carolina
Mar 12 2009 // A North Carolina commission may pay out about $1.4 million to reimburse crime victims for out-of-pocket expenses they incurred related to crimes committed against them. The Crime Victims Compensation Commission heard a...
Retired Pennsylvania Judge Gets 46 Months in Jail for Fraud
Mar 12 2009 // A retired Pennsylvania Superior Court judge was sentenced to three years, 10 months in prison Tuesday for falsely collecting $440,000 from insurance companies after being injured in a slow-speed fender bender. Michael...
Texas Mutual Fraud Investigations Recover $4.1M in 2008
Mar 11 2009 // Texas Mutual Insurance Company reported that it saved or recovered $4.1 million through its workers’ compensation fraud investigations in 2008. According to the company, the $4.1 million includes: claimant fraud...
New Jersey Teen Hurt in Stolen Auto Denied Medical Benefits
Mar 9 2009 // New Jersey’s Supreme Court said a passenger in a stolen vehicle can’t collect medical benefits under an auto insurance policy, even if the person doesn’t know the vehicle was stolen. Last week’s 5-2...
Shrinking Budgets Stem Fraud Fighting Efforts
Mar 9 2009 // Fewer Fraud Bills To Be Debated in West With the downtrodden economy rumbling through the West, momentous and game-changing fraud bills will be in short supply this year. Lawmakers’ time and patience will be soaked...
Former New Jersey Police Officer Sentenced for Insurance Fraud
Mar 6 2009 // A former Camden City, New Jersey police officer has been sentenced for insurance fraud for falsely claiming that vans used by his patient transportation business were only being driven for personal use, according to state...
